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Nasdaq Briefly Enters Correction as U.S. Stocks Tumble Again
  • The Dow closed down more than 500 points on Thursday, just one day after a 800 point drop.
  • At its lows of the day, the tech-heavy Nasdaq had lost more than 10 percent from its all-time highs, and the market's "fear index" hit its highest level since February.
  • That kind of turmoil even prompted China's Tencent Music to put off its IPO, an offering that was expected to be one of the biggest in the U.S. this year.
  • Still, volatility is normal. But given the last few months when everything seemed to go straight up, investors may have forgotten that. Don't panic.
Larry Kudlow: Tech Stocks Still 'Ain't Bad', Even With Correction
We spoke to the president's chief economic adviser on another volatile day on Wall Street. But he didn't act worried. He pointed out that tech stocks are still up 50 percent since Donald Trump was elected ー even with the "correction."
Congressman Reed: Raising Interest Rates Could Have 'Devastating Consequences'
After President Trump said the Fed was acting "loco," Rep. Tom Reed (R-NY) told Cheddar that, if the central bank keeps raising rates, the U.S. is headed towards a debt crisis. 
Fortnite's Popularity Explained by Psychology

We take a dive into some possible psychological reasons why Fortnite is the most popular game in the world.

Hollywood's attempt at diversification is working ー at least partially. The percentage of minority- and female-directed TV series rose during the 2017-18 season. Women directed a quarter of episodic shows, almost double the percentage of five years ago. 
The scene in the Oval Office Thursday was bizarre ー even by 2018 standards. Kanye West sat across from President Trump and delivered an often-incoherent monologue in which the rapper praised the commander-in-chief, pitched a hydrogen-powered, Apple-designed AF1 replacement, and cursed repeatedly as reporters and the president looked on. More from the Washington Post.  
The United States Post Office is proposing the e-commerce giant pay between 9 and 12 percent more in shipping fees, saying the proposed increase was about giving the struggling postal service some "much-needed revenue." More from CNBC.
The social network is removing hundreds of pages that were reportedly amplifying false and misleading information in order to sway users' political beliefs. If that sounds familiar, this time may actually be different: these were American pages, run by Americans, based in America. More from the NY Times.

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