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Wall Street Traders Suddenly Converge on Economic Hazards Ahead

• Stocks resume selling after decoupling from bonds, commodities
• JPMorgan model shows a wide range of recession odds in assets

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By Lu Wang and Denitsa Tsekova

September 6, 2024 at 1:26 PM PDT

For those on Wall Street clinging to the bull case on the economy, life is getting harder.

Published Fri, Sep 6 20247:58 PM EDT

MacKenzie Sigalos@KENZIESIGALOS

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Key Points

• Bitcoin, ether and crypto-related stocks saw sharp selloffs this week over growing concerns about the health of the U.S. economy.
• Coinbase had its worst week of the year, and bitcoin miner Marathon Digital tumbled 20%.
• September is historically a difficult trading month for crypto assets.

SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images)

Justin Sullivan | Getty Images

17 hours agoShare

Mike MacEacheran

Not all rock stars play guitars: every September, the Hebridean island of Easdale plays host to the world’s most fanatical stone skimmers.

By Steven Scheer

September 6, 20241:36 AM PDTUpdated a day ago

Item 1 of 2 Ultra-Orthodox Jewish men lock their hands during a protest against attempts to draft men from the community, outside a military recruitment office in Jerusalem, August 21, 2024. REUTERS/Ammar Awad/File Photo

The former president says a spending commission would help reduce the national debt, but analysts are skeptical of his claims.

Sep 6, 2024, 9:00 AM PDTShareSave

• The job market has slowed way down, especially for many laptop jobs.
• Americans seeking work in tech and information are missing the days of plentiful jobs and raises.
• While jobs are stable for workers, it’s bad news for job seekers.

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Fernando Cervantes Jr.

USA TODAY

NBA legend Charles Barkley is delivering on a promise he made about four months ago to donate $1 million to a New Orleans Catholic school where two students incredibly solved the Pythagorean Theorem. After seeing them featured in a segment of “60 Minutes” on CBS, Barkley was inspired to donate.

The key is energy efficiency

Sep 4th 2024ShareListen to this story.

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Have an issue with your financial adviser or considering a new one? Email picks@marketwatch.com.

By Alisa WolfsonFollow

Updated: Sept. 7, 2024 at 4:58 a.m. ET