By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, China business firms sign $4.2 billion MoUs
    September 4, 2025
    Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.
    September 2, 2025
    Second phase of CPEC launched with new agricultural and industrial agreements
    October 7, 2024
    The Rupee depreciates 13 paise in interbank trade against the US dollar.
    October 7, 2024
    Reluctant bidders to keep on PIA employees
    October 7, 2024
  • Politics
    PoliticsShow More
    Bilawal asserts that CM Maryam’s efforts need to be acknowledged.
    September 5, 2025
    Saad Rafique condemns ‘egg attack’ on Aleema Khan
    September 5, 2025
    Bilawal asks PM to waive bills for farmers in disaster-hit districts
    September 5, 2025
    Trump’s 200th executive order: US defence secretary to be rebranded
    September 5, 2025
    Bilawal calls for agricultural emergency as floods hit farmers
    September 5, 2025
  • Technology
    TechnologyShow More
    Apple expected to release iPhone 17 lineup on September 9
    September 5, 2025
    Balochistan suspends mobile internet on Sept 5–6 over security concerns
    September 5, 2025
    European nuclear research delegation visits Pakistan: FO
    September 2, 2025
    The government warned: “Without a data strategy, the UK risks losing its leadership in AI.”
    October 7, 2024
    A 10-year-old youngster may be seen on camera traversing a ‘busy’ school playground in a stolen automobile.
    October 7, 2024
  • Sports
    SportsShow More
    Former NZ captain Ross Taylor to play for Samoa in shock comeback
    September 5, 2025
    Full squads revealed for ACC Men’s Asia Cup 2025
    September 5, 2025
    Asia Cup 2025: Players to watch out for
    September 5, 2025
    T20I tri-series: Afghanistan post 171-run target for UAE
    September 5, 2025
    Pakistan defeats the UAE by 31 runs in the T20 Tri-series 2025, with Fakhar and Abrar shining.
    September 4, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Nasty summer sell-off in stock markets poised to continue amid fears the US may be heading for recession.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Nasty summer sell-off in stock markets poised to continue amid fears the US may be heading for recession.
BusinessUnited States

Nasty summer sell-off in stock markets poised to continue amid fears the US may be heading for recession.

A very severe summer sell-off has been underway in stock markets throughout the world for the last 48 hours, and fearful investors have more incentive to continue selling on Friday.

Last updated: 2024/08/05 at 9:44 AM
Published August 5, 2024
Share
1 Min Read
SHARE

The US non-farm payroll figures, which are effectively a measure of how many jobs were added to the US economy last month and are likely the single most closely followed piece of economic data in financial markets, were substantially lower than predicted in July.
Approximately 114,000 jobs were generated in the US economy this month. This was much fewer than Wall Street’s expectations of 175,000 jobs generated.

It was the weakest result since December of last year and the second weakest since March 2020, when the pandemic was just taking underway.

The June figure was also lowered lower, from a previously healthy-looking 206,000 to 179,000. When these numbers are combined with the number of people joining the labor force, the unemployment rate in the United States increased to 4.3% during July.

That was worse than the 4.1% forecast by Wall Street. And they have fueled fears that the world’s largest economy is about to enter a recession.

You Might Also Like

The United States claims that two Venezuelan military planes near a Navy ship in international waters

The FAA team will conduct an audit in Islamabad on September 6.

Trump’s 200th executive order: US defence secretary to be rebranded

Russia and India seem “lost” to “deepest, darkest China,” according to Trump.

Accusing the Palestinian state of causing more issues and endangering ceasefire efforts: US

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin August 5, 2024 August 5, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Wingstop, a chicken business, announces the sale of its British operations.
Next Article Freetrade, a share trading app, plans to exit the Swedish market.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Hamas releases video of two Israeli hostages held in Gaza
War September 5, 2025
Apple expected to release iPhone 17 lineup on September 9
Technology September 5, 2025
The United States claims that two Venezuelan military planes near a Navy ship in international waters
Defence United States September 5, 2025
Strong aftershocks hit Afghanistan after earthquakes kill 2,200
News September 5, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?