The stock market rally, now under pressure, continued to digest Fed chief Jerome Powell’s hawkish comments that the peak or “terminal” fed…
Tag: U.S. Fed
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…
Cash-rich Apple to earn $4 billion more on its cash by 2023 thanks to higher interest rates
With its enormous cash reserves now earning next to nothing, Apple could be one of the bigger corporate beneficiaries of the Fed’s…
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.