Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week beset by worries aboutrampant U.S. inflation the worsening…
Tag: inflation
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…
Apple swoons, Nasdaq falls more than 3% amid historic U.S. inflation
Apple and other U.S. stocks ended sharply lower on Wednesday after historic U.S. inflation data did little to ease investor worries over…
Saudi Aramco surpasses Apple to become world’s most valuable company
Saudi Aramco overtook Apple on Wednesday as the world’s most valuable company, fueled by a surge in oil prices amid rampant U.S. inflation…
Rampant inflation hits 8.3% in April year over year, remains near 40-year highs
U.S. inflation rose again in April, accelerating to 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40…
Wall Street sells off, led by Apple shares amid inflation, rate concerns
U.S. stocks ended sharply lower on Monday, led by declines in Apple and other mega-cap growth shares as the benchmark 10-year yield…
Why Apple stock got bit on Monday
Stock markets continued to slide as in Monday trading, with the S&P 500 and the tech-heavy Nasdaq falling. Shares of tech leader Apple didn’t…
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…
Apple, main stock indexes end higher in see-saw trading before Fed meeting
Ahead of this week’s U.S. Federal Reserve meeting, Apple and Wall Street’s main indexes seesawed throughout the session to close higher…
U.S. economy contracts as GDP plummets to -1.4% for Q1
The U.S. economy shrank last quarter into negative growth, the first contraction since the early days of COVID lockdowns in 2020, alongside…
Wall Street’s main concern for Apple this quarter is demand
Inflation fueling rising costs for fuel, groceries, and other essentials in the U.S., Europe, and Asia has spurred concerns about lower…
Apple’s inflation double whammy
Inflation has risen over the past several quarters to a level the U.S. hasn’t seen in four decades. Inflationary pressures can affect Apple …
Stock futures slip on U.S. Federal Reserve’s hawkish pivot over rampant inflation
Jerome Powell’s speech signaled a hawkish pivot for the central bank in an attempt to more quickly to combat rampant inflation at more than…
U.S. Producer Price Index surges 11.2% in March, highest level on record
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before…
U.S. Inflation hits 40-year high as gas and food prices surge
U.S. inflation accelerated to a new four-decade high in March as rapid price gains wiped out the benefits of rising wages for most Americans…
U.S. stock market swoons ahead of crucial inflation data
The U.S. stock markets closed sharply lower on Monday as rising bond yields weighed on market-leading growth stocks ahead of inflation data…
U.S. stock market falls on fears of hawkish Fed
The U.S. stock market’s main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions…
PCE inflation gauge rose 5.4% in March, the highest in nearly 40 years
The Fed’s preferred inflation gauge, the core personal consumption expenditures price index increased 5.4% from a year ago, the largest…
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 …
Apple reportedly cuts iPhone SE production by 20% amid rising inflation, war
Apple plans to make about 20% fewer iPhone SE units next quarter than originally planned, in one of the first signs that rising inflation…
U.S. retail sales come up short in February as inflation hits Americans
U.S. retail sales rose just 0.3% in February, below the 0.4% estimate as inflation negatively impacted American consumer spending…
Apple stock falls below key level after China shuts Foxconn plant over COVID spike
Apple shares fell on Monday, dropping below their 200-day moving average, after Foxconn halted operations following China’s COVID …
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…
Stocks fall after U.S. jobs report, yields spike; oil hits 7-year high
U.S. stocks fell following the stronger-than-expected monthly U.S. jobs report. as bond yields moved higher on the view that the jobs data…
Amazon hikes Prime membership fees by 17% in U.S. as wages, costs rise
Amazon on Thursday said it was raising the price of its annual U.S. Prime subscriptions by 17%, as it looks to offset higher costs…
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…
U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation
The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …
Apple, Big Tech under pressure with Nasdaq 100 on pace for worst month since 2008 financial crisis
Big Tech companies like Apple and Microsoft, which are due to report their results next week, have come under additional pressure…
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…
Wall Street sell-off deepens, Nasdaq officially in a correction
Wall Street’s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, now down…
Wall Street falls as tech stocks weaken on hawkish Fed stance, inflation worries
Wall Street’s main indexes fell in morning trading as Federal Reserve’s last meeting struck a hawkish note, signaling concerns over inflation.
Concern over Apple’s iPhone demand likely overblown
Bloomberg News suggested on Thursday that “demand for the iPhone 13 lineup has weakened.” This “iPhone slowdown” story is pretty much…
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…
Woz: Bitcoin is mathematical purity
Apple co-founder Steve “Woz” Wozniak has compared and contrasted the “artificial” U.S. dollar and the “mathematically pure” Bitcoin …
Dow Jones drops as U.S. inflation heats up
The Dow Jones Industrial Average dropped 200 points Wednesday, as a key inflation gauge came in higher than expected…
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…
