Fbc news today

Here are the latest news updates from Fox Business Channel (FBN) today:

Top Stories

  1. Stock Market: The Dow Jones Industrial Average fell over 300 points on Monday, as investors reacted to concerns over the spread of the COVID-19 delta variant and the potential impact on the global economy.
  2. Economy: The US economy added 943,000 jobs in July, exceeding expectations and marking the 17th consecutive month of job growth. The unemployment rate fell to 5.4%.
  3. Inflation: The Consumer Price Index (CPI) rose 0.5% in July, driven by higher prices for food, housing, and healthcare. The annual inflation rate remains at 5.4%.
  4. Tech: Apple's stock price surged after the company reported strong quarterly earnings and announced a 4-for-1 stock split.
  5. Politics: The Biden administration is considering a new rule to require large employers to provide paid family and medical leave to their employees.

Business News

  1. Retail: Retail sales fell 1.1% in July, as consumers cut back on discretionary spending amid rising prices and concerns over the delta variant.
  2. Energy: Oil prices rose after OPEC+ agreed to increase production by 400,000 barrels per day in September, but the move was seen as insufficient to meet growing demand.
  3. Finance: The Federal Reserve is expected to announce its decision on interest rates later this week, with many economists predicting a rate hike in September.
  4. Healthcare: The US Centers for Disease Control and Prevention (CDC) has issued new guidance on COVID-19 vaccination for children, recommending that all children aged 12 and older receive the vaccine.
  5. Real Estate: The National Association of Realtors reported that existing home sales fell 2.4% in July, as rising prices and interest rates cooled the housing market.

Market Updates

  1. Dow Jones: The Dow Jones Industrial Average fell 304.67 points, or 0.9%, to 34,447.85.
  2. S&P 500: The S&P 500 Index fell 1.1% to 4,402.15.
  3. Nasdaq: The Nasdaq Composite Index fell 1.3% to 14,746.25.
  4. Gold: Gold prices rose 0.4% to $1,813.10 per ounce.
  5. Oil: Oil prices rose 1.1% to $68.45 per barrel.

These are just some of the latest news updates from Fox Business Channel (FBN) today. Stay tuned for more updates throughout the day!