Microsoft will be laying off 10,000 employees and Google will axing 12,000 employees over the coming weeks…
Tag: recession
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 lays off 100 recruiter contractors
Apple laid off about 100 of its contract-based recruiters in the past week, part of a push to rein in the tech giant’s hiring and spending…
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 …
Apple reportedly plans to slow hiring, spending growth next year as recession looms
Apple plans to slow hiring and spending growth next year in some divisions to cope with a looming recession…
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…
U.S. recession looms, say 70% of economists surveyed
A U.S. recession is all but unavoidable for next year, according to nearly 70% of leading economists in a new survey…
Nasdaq hits record high as COVID-19 shutdown-induced U.S. recession becomes official
An economic recession is a business cycle contraction when there is a general decline in economic activity. In the U.S., it is defined as a significant…
Deep, but short: What Apple’s production recovery tells us about COVID-19 recession
Due to the COVID-19 pandemic black swan, we’re now dealing with a significant global recession. The duration is the most important factor…
Dow plunges 800 points in worst day of 2019
A selloff in U.S. stocks accelerated into Wednesday afternoon after the bond market flashed its brightest warning signal…
Analyst: Goldman Sachs spends $350 for every Apple Card customer; may lose money on credit card in the next recession
An analyst estimates that Goldman Sachs spends $350 to acquire each new Apple Card holder and thinks the bank will begin to break even on a customer after four years…
U.S. Treasury bond curve inverts for first time since 2007 in recession warning
In a classic sign of investor concern that the world’s biggest economy could be heading for recession, the U.S. Treasury bond yield curve inverted on Wednesday for the first time since 2007…
Apple could offer investors shelter in a recessionary storm
It couldn’t be a more fitting Groundhog Day…
Apple down, stocks add to losses as ‘fiscal cliff’ looms; extremely weak U.S. holiday shopping reported
Stocks added to their gains to trade near session lows in thin trading Wednesday…
Euro zone falls into second recession since 2009
The debt crisis dragged the euro zone into its second recession since 2009…
It’s not Apple, it’s the ‘fiscal cliff,’ stupid
Anyone who has been in the stock market long enough knows that ‘uncertainty’ is its worst enemy…
U.S. stocks fall to lowest level since August; Apple extends plunge to 23 percent off all-time September high
U.S. stocks fell, sending the Standard & Poor’s 500 Index toward its lowest level since August…
U.S. stocks fall hard on earnings caution, global recession concern
U.S. stocks fell sharply Tuesday, with the S&P 500 index and Nasdaq extending losses…
10 signs the U.S. double-dip recession has begun
Last week’s news on GDP shows the double dip has arrived…
