Treasuries fell after a batch of data showed signs of a slowdown in the American economy – think stagflation – alongside an inflation rise…
Tag: inflation
Apple avoids job cuts by not over-hiring
One of the reasons why Apple is under less pressure than tech peers to slash jobs during the current economic slowdown is that hired…
Google, Microsoft each laying off more than 10,000 employees
Microsoft will be laying off 10,000 employees and Google will axing 12,000 employees over the coming weeks…
Tim Cook: Apple is still hiring but being ‘very deliberate’
As many tech and other U.S. firms institute hiring freezes and layoffs, Apple CEO Tim Cook said Monday that the compnay was hiring new…
Nasdaq futures drop over 1% as Microsoft, Google earnings fan slowdown fears
Nasdaq tech stock futures fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses…
Apple to hike App Store prices in several countries
Apple said on Monday prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia and…
Apple hiked iPhone 14 series prices in key markets; kept price the same in America
With rampant inflation persisting in the U.S. and elsewhere, and a global recession on the horizon, observers were keenly interested in…
Wall Street sells off after Powell speech on rate hikes to combat rampant U.S. inflation
Powell said the central bank won’t be turning dovish in its fight against rampant U.S. inflation running at Carteresque 40-year highs…
Apple moves closer to erasing 2022 losses on better-than-feared inflation data
Apple is closing in on erasing its losses for the year as better-than-feared inflation data fueled a rally in the stock market Wednesday…
First round of Big Tech earnings lift stock futures ahead of Fed rate hike
U.S. stock index futures rose on Wednesday as better-than-feared quarterly reports from Big Tech companies Alphabet and Microsoft lifted…
Bank of America trims Apple price target to $185 over foreign exchange headwinds
Bank of America has trimmed its price target on Apple shares from $200 to $185, citing foreign exchange headwinds…
Wall Street opens lower as Walmart warning rattles retail stocks
Major indexes fell at the open on Tuesday after Walmart’s profit warning heightened fears in the face of decades-high inflation …
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…
Prepare for the strong U.S. dollar hit on big tech, S&P 500 earnings
The strong U.S. dollar will take a toll on big tech ad S&P 500 earnings is this quarter. Tech companies generate the biggest percentage…
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 hikes entry-level iPhone 13 price by 18% in Japan
Apple has hiked the cost of its entry-level 128GB iPhone 13 by 18% in Japan, which is battling a weakening yen currency and rising inflation…
U.S. stocks slide to yearly lows amid U.S. recession concerns
Stocks sank Thursday as investors concerns mounted over a potential U.S. recession and the potential economic costs of the Federal Reserve’s…
Stock futures slide on rising U.S. inflation, unemployment, and recession fears
U.S. stock index futures fell sharply after the Fed projected a slowing economy, rising unemploymentand the worst inflation in 40 years…
Rampant U.S. inflation accelerated in May to hit 8.6%, highest in 41 years
Rampant U.S. inflation accelerated even further in May, with prices rising 8.6% year over year, marking the fastest increase since 1981…
Key U.S. inflation measure rises to near 40-year high
The U.S. Federal Reserve’s preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level…
U.S. stock futures rebound after flirting with bear market
U.S. stock futures rose on Monday, helped by a bounce in growth stocks, including a slight increase for Apple, after the benchmark S&P 500…
Stock futures signal more selling on Wall Street as stagflation fears mount
Futures are down again as stark warnings from some of the world’s biggest retailers spotlighted rampant inflation, fueling stagflation fears…
Apple, Nasdaq, Dow, S&P 500 drop amid rampant U.S. inflation, economic concerns
Apple, and the Nasdaq, Dow, and S&P 500 swooned Wednesday amid rampant U.S. inflation and overall economic concerns…
Wall Street rallies as growth stocks rebound; Twitter slides as Musk puts deal ‘temporarily on hold’
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…
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 …
