U.S. stocks surged to record highs on Friday as major indexes climbed, fueled by data revealing even milder-than-expected inflation last…
Tag: U.S. inflation
Apple and pretty much everyone else brace for supply chain disruptions as U.S. east coast dockworkers strike
U.S. dockworkers at ports from Maine to Texas went on strike early Tuesday, demanding higher wages and opposing automation…
Wall Street retreats on fears of slumping U.S. economy
The U.S. stock market’s main indexes slumped on Thursday, weighed by mega-cap tech and chip stocks, while small-caps bore the brunt…
S&P 500 falls from record as investors rotate out of 2024 tech winners
The S&P 500 pulled back from its record high after a slightly lower than expected U.S. inflation report was released…
Dow plummets 500 points as sell-off intensifies amid U.S. inflation concerns
Stocks sold off and the Dow dropped 500 points Friday as U.S. inflation and geopolitical worries once again weighed on investor sentiment…
U.S. inflation accelerated in March for the third straight month likely delaying interest rate cuts
Inflation accelerated in March for the third straight month, with prices already painfully high for millions of Americans and likely…
Amid historic inflation, Fed likely to keep interest rates higher until corporate profit margins crack
Rising corporate profit has accounted for almost half the spike in euro zone inflation since the start of 2022, according to the IMF…
U.S. inflation rose hotter-than-expected 3.1% in January, dimming hopes for Fed rate cuts
U.S. inflation rose 3.1% in January, a hotter-than-expected increase that dims hopes that the Federal Reserve will begin cutting interest…
Stocks futures drop as yields rise after U.S. Fed signals higher-for-longer interest rates
After the U.S. Federal Reserve signaled that another rate hike was in the offing this year, stock index futures fell on Thursday pressured…
Apple stock is still a ‘Buy’ despite potentially impending recession
Consumer confidence numbers have declined sharply since 2020, which is a negative for consumer discretionary companies like Apple…
Dow futures plummet on hotter-than-expected U.S. inflation data
U.S. stock futures fell Friday morning as key key U.S. inflation data came in hotter than expected across the board…
U.S. stocks fall as hotter than expected jobs data fans higher interest rate fears
Wall Street’s main indexes edged lower on Friday after data showed the economy added jobs at a hot pace last month, addding to fears…
Why Apple is the only tech giant that still hasn’t announced layoffs
Many of the biggest technology companies are laying off staff amid rampant inflation and fears of a looming recession rise. But, those cuts…
Apple, other stocks falls as U.S. recession worries mount
Apple and stock indexes fell on Monday as investors feared that tamping down rampant U.S. inflation could lead to double-dip recession …
Apple shares tumble on U.S. recession worries
Shares of Apple slid on the Nasdaq Thursday as investors processed the latest Federal Reserve interest rate hike and as investors worry…
Mighty Apple keeps the stock market from breaking
Despite inflation and recession, the stock market dipped again for a couple of days this week, but it didn’t break, thanks to Apple, which…
Stocks drop, dollar strengthens as markets eye U.S. inflation data
Stock prices dipped as the dollar strengthened on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s interest…
U.S. jobs report key for market rally as Apple plunges
The stock market rally, now under pressure, continued to digest Fed chief Jerome Powell’s hawkish comments that the peak or “terminal” fed…
U.S. Fed implements 0.75 point interest rate in attempt to quell rampant inflation; warns rates will peak at higher level than expected
U.S. Federal Reserve Chairman Jay Powell warned U.S. interest rates would peak at a higher level than expected after hiking its main interest…
Apple said to freeze most hiring amid rampant inflation, recession fears
Amid rampant U.S. inflation and recession fears, Apple has frozen hiring for roles across corporate divisions, three sources…
Rampant U.S. inflation has passed the point of no return
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…
This is the worst year for U.S. stock market investors since 1969
To date this year, both the U.S. stock and bond markets have posted significant declines not seen since the way back to 1969, according…
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 …
Fed’s preferred gauge shows rampant U.S. inflation hotter than expected in August
According to new data released on Friday, the U.S. Federal Reserve’s preferred inflation gauge accelerated again in August…
U.S. stock futures fall on growing worries of economic downturn
U.S. stock index futures fell on Thursday on worries of rampant U.S. inflation, recession, a global economic downturn from…
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 …
Tech stocks drag stock market lower on growth concerns
The U.S. stock market’s main indexes fell on Thursday, extending declines for a third straight session, as investors worried that the…
Fed raises interest rates, pledges more hikes amid rampant inflation; warns of recession
The Fed raised interest rates and indicated it will keep hiking well above the current level as it attempts to tamp down rampant inflation …
Goldman Sachs: Rampant U.S. inflation could cause further 27% drop in the S&P 500
It’s not just that the U.S. Fed is going to be aggressive after the latest shocking U.S. inflation figure, still running at 40-year highs…
Dow plummets 1,200 points on rampant U.S. inflation
U.S. stocks fell sharply on Tuesday, with the Dow plummeting 1,200 points, after a key August inflation report came in hotter than…
Dow futures drop 400 points on hotter-than-expected U.S. inflation
A hotter-than-expected CPI report resulted in a quick reversal in stock futures Tuesday morning. Dow futures, which were…
Wall Street in the red amid rampant inflation, persistent rate hike concerns
Wall Street’s indexes slipped on Tuesday as expectations that the Federal Reserve will keep raising interest rates due to rampant inflation …
Stocks set to extend losses on U.S. inflation, interest rate worries
U.S. stock indexes were set to open lower on Monday on worries over the Fed’s interest rates hikes to combat rampant U.S. inflation 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 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…
Fed mulls historic 100 basis-point interest rate hike to battle rampant U.S. inflation
U.S. Fed may debate a historic one percentage-point rate hike this month following yet another dismal report of rampant U.S. inflation …
Rampant U.S. inflation even hotter than expected, rises 9.1% in June to new 40-year high
The U.S. consumer price index, a broad inflation measure of everyday goods and services, soared 9.1% year-over-year, above even…
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…
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…
