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Tag: recession

Google, Microsoft each laying off more than 10,000 employees

Friday, January 20, 2023 1:28 pmFriday, January 20, 202314 Comments

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’

Monday, November 14, 2022 2:29 pmMonday, November 14, 20221 Comment

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

Wednesday, October 26, 2022 8:15 am3 Comments

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

Tuesday, August 16, 2022 9:39 am8 Comments

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

Tuesday, July 26, 2022 9:31 amTuesday, July 26, 20222 Comments

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

Monday, July 18, 2022 4:00 pm22 Comments

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

Thursday, June 16, 2022 3:25 pm35 Comments

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

Thursday, June 16, 2022 9:23 am10 Comments

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

Monday, June 13, 2022 11:10 am46 Comments

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

Monday, June 8, 2020 6:26 pm3 Comments

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

Thursday, April 2, 2020 3:27 pm17 Comments

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

Wednesday, August 14, 2019 4:27 pmWednesday, August 14, 20199 Comments

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

Wednesday, August 14, 2019 4:11 pm1 Comment

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

Wednesday, August 14, 2019 8:49 amWednesday, August 14, 20197 Comments

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

Tuesday, February 2, 2016 1:04 pm16 Comments

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

Wednesday, December 26, 2012 12:32 pmWednesday, December 26, 201229 Comments

Stocks added to their gains to trade near session lows in thin trading Wednesday…

Euro zone falls into second recession since 2009

Thursday, November 15, 2012 10:01 am26 Comments

The debt crisis dragged the euro zone into its second recession since 2009…

It’s not Apple, it’s the ‘fiscal cliff,’ stupid

Friday, November 9, 2012 1:02 pm55 Comments

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

Thursday, November 8, 2012 4:04 pmThursday, November 8, 201228 Comments

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

Tuesday, October 9, 2012 4:30 pmTuesday, October 9, 20125 Comments

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

Monday, August 1, 2011 2:21 pmMonday, August 1, 201184 Comments

Last week’s news on GDP shows the double dip has arrived…

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