Nasdaq tech stock futures fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses…
Tag: economy
This is the worst year for U.S. stock market investors since 1969
To date this year, both the U.S. stock and bond markets have posted significant declines not seen since the way back to 1969, according…
All eyes on Apple as earnings season looms
Investors expect this earnings season to be a rough one for stocks and will closely watch Apple in particular as a bellwether of economic…
U.S. stock futures fall on growing worries of economic downturn
U.S. stock index futures fell on Thursday on worries of rampant U.S. inflation, recession, a global economic downturn from…
U.S. economy shrinks for second straight quarter, enters technical recession
The U.S. economy shrank in the spring for the second consecutive quarter, entering a technical recession as rampant inflation and higher…
U.S. dollar falls for third straight session as Fed’s next interest hike looms
The U.S. dollar was lower against a basket of major currencies on Monday, as investors weighed the implications of a rate hike…
Wealthy customers, strong margins will help Apple weather rampant inflation, recession better than rivals
In May, the annual inflation rate in the U.S. was 8.6%, the highest level since 1981. Some other major markets for Apple sales are also…
Apple shares down on Snap’s profit warning citing economic deterioration
Apple shares were poised to give back some of their gains from Monday in premarket trading on Tuesday, dragged down by a profit and revenue…
Apple poised to emerge from downturn even stronger and more powerful
Flush with cash, Apple and other “Big Tech” firms are positioned to emerge from an economic downturn stronger and more powerful…
U.S. stock indexes fall on inflation, recession worries; Apple drops further
U.S. stock indexes fell in Thursday trading, with growth stocks including bellwether Apple leading declines as investors worried that…
Dow plummets 1,000 points, Nasdaq loses nearly 5% in worst day of the year for stocks
The Dow Jones Industrial Average lost 1,100 points, or more than 3%. Stocks suffered their worst day of the year on Thursday…
American consumer sentiment falls to new decade-long low as inflation fears soar
A recent survey by the University of Michigan found that U.S. consumer sentiment fell to a new decade-long low as concerns about inflation …
U.S. inflation rises 7.9% in February, prices hit new 40-year high
Inflation hit a fresh 40-year high in February, largely driven by higher gas prices. The consumer price index climbed 7.9% on an annual…
U.S. wholesale prices jump 9.7% in January, amid the highest inflation in decades
Wholesale prices jumped again in January, up 9.7%. On a monthly basis, prices rose 1% in January fueling the highest inflation in decades…
U.S. inflation rockets 7.5% in January, hits 40-year high
U.S. inflation surged more than expected in January, notching another four-decade high as rapid price gains wiped out the benefits…
America lost 301,000 jobs in January – ADP
Companies cut jobs in January for the first time in more than a year, payroll processing firm ADP reported Wednesday. Private payrolls fell…
Apple CEO Tim Cook: ‘Everybody’s seeing inflationary pressure’
Apple CEO Tim Cook said the company – and everyone else – is seeing inflationary pressure in an interview with CNBC’s Julia Boorstin…
Nasdaq futures weaken after weak Netflix forecast; inflation concerns
Nasdaq 100 futures slipped on Friday after a weak forecast from Netflix coupled with inflation concerns sent its shares spiraling lower…
Apple resumes sales to Turkey with 25% inflationary price hike
Earlier this week, Apple halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. Now, the…
Apple halts product sales in Turkey amid rampant inflation crisis
Apple has halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. While Apple has not publicly…
U.S. stock futures drop ahead of jobless claims amid economic recovery worries
U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as worries over slowing economic growth were a drag…
U.S. job creation for August was a huge disappointment, sharply misses expectations
U.S. job creation for August was a huge disappointment with non-farm payroll growth in August increased by just 235,000 vs. expectations…
ADP U.S. unemployment report misses badly, with only 330,000 jobs added amid inflation concern
Private payroll firm ADP’s U.S. unemployment report on Wednesday revealed that employers added a disappointing 330,000 jobs in July…
Stock futures slide on growth and inflation fears; Federal Reserve stimulus taper
U.S. stock index futures fell on Thursday on growth and inflation fears and concern the Federal Reserve could begin to rein in its massive …
U.S. consumers suffered a ‘stunning loss of confidence’ in early August
The University of Michigan’s gauge of U.S. consumer confidence plunged to a “stunning loss of confidence” with a preliminary August…
S&P 500 and Dow indexes fall as U.S. weekly jobless claims hit a two-month high
The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap tech…
S&P 500, Nasdaq weighed down by inflation worries
The S&P 500 dipped on Thursday as a slew of economic data showing a post-COVID-19 “V-shaped” recovery accelerated fears of rising inflation…
Wall Street tumbles on tech selloff as bond yields climb
The U.S. stock market’s main indexes dropped on Thursday, with the Nasdaq on track for its worst day in four months, as a tech selloff …
U.S. job growth stronger than expected in October, unemployment rate slides to 6.9%
U.S. job growth posted a stronger than expected gain in October. U.S. nonfarm payrolls increased by 638,000 for the month and…
Stock futures surge with focus on U.S. presidential election
U.S. stock index futures bounced on Monday as investors geared up for an event-packed week starting with the U.S. presidential election …
Wall Street ends higher as investors eye stimulus
While investors awaited more U.S. government stimulus to fight economic fallout from prolonged COVID-19 shutdowns, Wall Street ended higher on Tuesday…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
Tech drags Wall St lower as U.S.-China tensions and COVID-19 cases mount
Wall Street’s main indexes dropped on Friday as U.S.-China tensions and fears over mounting COVID-19 cases weighed on investor sentiment…
U.S. stocks indexes rise on hopes fiscal stimulus will revive COVID-19-battered economy
The S&P 500 and the Dow indexes rose on Tuesday as investors poured into economically sensitive sectors on bets that fiscal stimulus would revive…
Growth of Taiwan export orders hits two-year high on strong tech demand
As the COVID-19 pandemic forced millions of people around the world to work from home, Taiwan’s export orders grew at their fastest pace in nearly two…
Apple’s valuation could help COVID-19 economic recovery
Apple’s valuation could help the economic recovery after the COVID-19 recession. The stock market is not the economy, but it does feel strange for…
Nasdaq hits record high as tech stocks rise, jobless claims come in better than expected
Stocks moved higher Thursday morning, with tech shares continuing their relentless march higher and sending the Nasdaq Composite to a fresh record high…
Study: Treatment with hydroxychloroquine cut death rate significantly in COVID-19 patients
A new study published recently by Henry Ford Health System shows that treatment with hydroxychloroquine cut the COVID-19 death rate significantly…
Silicon Valley economy remains strong 100 days into COVID-19 disruption
While virtually every aspect of the U.S. economy has been hit hard during the COVID-19 pandemic, the tech industry and its Silicon Valley hub…
Apple re-closes 11 U.S. retail stores total due to COVID-19 spikes
Apple said Friday it was temporarily re-closing 11 stores in four U.S. states due to concern about COVID-19 spikes. Apple said that it was re-closing…
Apple to re-close some U.S. stores due to spike in COVID-19 cases
Apple will re-close some U.S. retail stores in Florida, Arizona, South Carolina, and North Carolina due to a spike in COVID-19 cases…
Tech stocks boost Nasdaq as recovery optimism prevails
Tech shares drove the Nasdaq index higher on Thursday, with U.S. weekly jobless claims dipping below 2 million, bolstering economic recovery optimism …
