| Good morning, it is Friday, August 9, and we're covering What to do after the massive market shift, today's Olympic schedule & much more!! First time reading? Sign up here. | | American Fact of the Day! | On August 9, 1974, Richard Nixon resigned as President of the United States, becoming the first U.S. president to do so. His resignation came in the wake of the Watergate scandal and was announced in a televised address, marking a significant moment in American political history. Vice President Gerald Ford was sworn in as the 38th President of the United States shortly after Nixon's resignation. | | Breaking Updates | | Markets saw a massive shift this week. Here's what happened | This week, financial markets experienced significant turmoil, marked by a sharp drop in major indices. The Japanese Nikkei 225 index fell over 12% on Monday, its worst performance since 1987, while the S&P 500 dropped more than 3%, erasing $1.3 trillion in value. The Dow Jones lost 1,000 points, and the Nasdaq Composite continued its decline into correction territory. The selloff was triggered by the unwinding of the Japanese yen carry trade, where investors had borrowed yen to invest in higher-yield assets. The Bank of Japan's recent interest rate hike strengthened the yen, destabilizing this trade. Additionally, a weak U.S. labor report exacerbated concerns about the American economy, leading to a decrease in the dollar and increasing fears of a potential recession. | Despite some recovery attempts later in the week, including a 2.3% rise in the S&P 500 on Thursday, the overall market remains volatile. The initial market drop was compounded by August's historically lower trading volumes and heightened geopolitical uncertainties, including U.S. election drama and conflicts abroad. While the S&P 500, Dow, and Nasdaq are expected to finish the week lower, they are still on track for strong annual returns. Investors are advised to remain diversified, reflecting the unpredictable nature of market movements and the importance of broad portfolio management. | Read More Here |
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| 2024 Olympic schedule for Aug. 9: | As the 2024 Paris Olympics approach their conclusion, Friday promises an action-packed day with several key events. Team USA's women's basketball team will be aiming to extend their impressive winning streak in their semifinal clash against Australia, seeking to secure a spot in the gold medal game. This game follows the men's basketball team's success, and a win for the women would mark a return to the final. Meanwhile, in men's soccer, France and Spain will face off in an all-European final, with both teams having secured their places through dramatic comeback victories in their semifinals. | In track and field, Friday will see a host of medal events, including the highly anticipated men's and women's 4x100 meter relay finals. The U.S. men's team will compete without Noah Lyles, who tested positive for COVID-19, while the women's team advanced thanks to Sha'Carri Richardson's strong performance in the qualifiers. Other key events include the finals in the women's 400-meter, men's triple jump, and women's 10,000-meter races, as well as the men's 400-meter hurdles, which will round out the day's track and field action. | The day will also feature several other notable events, including the finals in boxing, rhythmic gymnastics, and men's sport climbing. Women's basketball will see the U.S. team compete against Australia, and the men's soccer final between France and Spain will be a highlight. Track cycling, diving, and canoe sprint events will also take place, offering a variety of sports for fans to enjoy. For comprehensive coverage, viewers can check local listings and streaming options on Peacock and NBCOlympics.com to catch all the live action. Full Schedule Below! | Read more updates here | | | American Sports & Culture |  | Boxer Imane Khelif fights for gold to cap an Olympics filled with misinformed scrutiny | Imane Khelif is one victory away from wrapping up her tumultuous Paris Olympics with a gold medal around her neck after enduring waves of online abuse over misconceptions about her sex. |
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|  | Cowboys' CeeDee Lamb responds on social media after Jerry Jones says no urgency in contract dispute | Dallas Cowboys owner Jerry Jones' declaration that he "doesn't have any urgency" to resolve a contract dispute with wide receiver CeeDee Lamb drew an immediate response, with Lamb posting "lol" on social media. |
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|  | Joe Milton III's outing created a buzz with Patriots while there wasn't enough to see from Drake Maye to make a rational assessment | A great deal was expected of Maye coming in, only to see him arrive somewhat behind schedule in his development. That has been compared with Milton, who was viewed as the cannon-armed project. |
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| American Business & Markets |  | An interest rate cut is coming. Here's what to do with your money beforehand. | Don't let stock market turmoil and a slowing economy scramble your planning as borrowing costs get set to fall, financial experts say. |
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|  | Taylor Swift cancellations deal blow to insurers, sources say | Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be cancelled, though several providers will share out the hit, two people involved in insurance for her tour told Reuters. |
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|  | Two years since the CHIPS Act, the race heats up to train tens of thousands of workers | A Purdue University program just finished its second year prepping undergrads for chipmaking jobs, including at a nearby plant set to start mass production soon after they graduate. |
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| | American Politics |  | Trump heads to Montana in a bid to oust Sen. Tester after failing to topple the Democrat in 2018 | Donald Trump is visiting Montana for a rally in support of Republican Senate candidate Tim Sheehy. He also hopes to remedy some unfinished business from 2018. |
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|  | Ukraine launches 'massive' drone strike on Russia's Lipetsk region, as cross-border attack rages on | Russia's Lipetsk region has been struck by a "massive" Ukrainian drone attack, according to its governor, as Ukraine's cross-border assault into Russia shows no sign of easing. |
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|  | Harris softens Biden's dark warnings about the state of democracy for a more 'joyful' message | Harris is focusing on the "care economy" and how she would help make providing for children and the elderly more affordable. |
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