According to a new report from Deutsche Bank analysts, rampant U.S. inflation, running at 40-year highs, has passed the point of no return…
Tag: U.S. economy
U.S. inflation surges more than expected; core prices jump 6.6%, the fastest since 1982
Inflation ran hotter than expected in September as high prices continued to squeeze U.S. households. Consumer priceswere up 8.2% from…
Rampant U.S. wholesale inflation rises more than expected in September, with prices jumping 8.5%
Squeezing businesses and inflicting real pain on millions of American households, U.S. inflation at the wholesale level rose…
All three major U.S. stock indexes post third straight quarterly loses on rampant U.S. inflation, recession fears
The S&P 500 wrapped up its steepest September decline in two decades on Friday, ending a quarter besieged with historically hot inflation …
Tech stocks face another 10% drop or more as rampant U.S. inflation eats into profits
The great stock selloff of 2022 is far from over as investors in tech stocks brace for earnings misses due to U.S. inflation at forty-year…
U.S. stock futures slide more than 1% on rampant inflation, recession worries
Investors fretted over the prospect of an economic downturn and a hit to corporate earnings amidst 40-year-high inflation …
Apple and Amazon’s strength gets bulls buying despite U.S. recession
Apple and Amazon.com reported strong results after the latest Federal Reserve interest rate hike and the U.S. Commerce Department…
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. stocks swoon, Dow set for worst first-half since 1962
U.S. stocks swooned on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that rampant U.S. inflation…
U.S. stock futures tumble as S&P 500 heads for worst first half in 52 years
U.S. stock futures tumbled, with the major averages on track to post steep June declines and the worst first half in 52 years as inflation…
U.S. GDP contracted 1.6% in Q1 amid rampant inflation; stocks head for worst 1H since 1970
The final revision of first-quarter gross domestic product confirmed a larger contraction of the U.S. economy than earlier readings…
U.S. consumer sentiment falls to all-time record low
U.S. consumer sentiment deteriorated to the lowest level ever recorded due to rampant inflation, dim prospects for the American economy…
Goldman Sachs now sees U.S. recession risk as ‘higher and more front-loaded’
Goldman Sachs strategists are beginning to get a clearer look at the potential for a U.S. recession, seeing the risk now as “higher and more…
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…
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…
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…
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…
How resilient will Apple’s subscription services will be if a recession hits?
How would Apple’s subscription services — with 825+ million subscribers at last count — fare if a recession hits America…
Apple plummets 22% from January peak as tech stock selloff spreads
Apple shares fell on Thursday, with the stock now some 22% below its January peak as a selloff in technology stocks spreads to the…
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…
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…
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…
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…
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…
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…
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 …
Expert: To stop inflation, the Fed would need to hike rates to nearly 6%
Higher interest rates are coming soon from a Federal Reserve behind the curve on inflation. If the Fed really wanted to stop inflation, it…
U.S. inflation surges 7% in December, highest rate in 40 years
U.S. inflation rose at the fastest pace in nearly four decades in December, at a level not seen since since 1982, before President Reagan…
U.S. job growth misses badly, sharply missing economists’ expectation
U.S. job growth faltered in December the Labor Department said in its monthly payroll report released Friday. Payrolls in December rose by…
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.
Wall Street tumbles as investors eye hot inflation data
Wall Street tumbled as the S&P 500 and the Nasdaq each fell more than 1% on Tuesday after hot inflation data showed…
U.S. inflation surges to 39-year high as consumer prices continue to soar
Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from…
Wall Street extends sell-off on fears of long-term high inflation
Wall Street’s main indexes fell on Wednesday as a surge in U.S. consumer prices last month deepened fears that high inflation is here to stay…
