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…
Tag: U.S. 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…
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…
Fed announces rate hike not seen in decades in attempt to fight rampant U.S. inflation
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points in an attempt to cool inflation not seen in…
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…
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…
Bad news for the market: Apple stock has broken down
In an ominous sign for the market, Apple (–4.68%, $139.60) stock is in a world of hurt, trading now below a price that investors couldn’t…
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…
Apple’s inflation double whammy
Inflation has risen over the past several quarters to a level the U.S. hasn’t seen in four decades. Inflationary pressures can affect Apple …
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. 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…
PCE inflation gauge rose 5.4% in March, the highest in nearly 40 years
The Fed’s preferred inflation gauge, the core personal consumption expenditures price index increased 5.4% from a year ago, the largest…
U.S. retail sales come up short in February as inflation hits Americans
U.S. retail sales rose just 0.3% in February, below the 0.4% estimate as inflation negatively impacted American consumer spending…
Dow Jones tumbles as U.S. inflation soars; Apple shares swoon
The Dow Jones Industrial Average on Thursday fell as U.S. inflation reached its highest level since 1982. Apple was among the worst…
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…
Nasdaq officially enters bear market; Apple seen as a refuge
The Nasdaq is officially in a bear market. The Nasdaq tumbled 3.6% on Monday, pressured by soaring oil prices, rampant inflation…
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…
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…
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…
U.S. producer price inflation jumps 8.6% YOY in October, matching the largest increase on record
Inflation at the wholesale level jumped 8.6% in October from a year earlier, matching September’s record YOY gain. U.S. inflationary pressure…
Dow Jones drops as U.S. inflation heats up
The Dow Jones Industrial Average dropped 200 points Wednesday, as a key inflation gauge came in higher than expected…
U.S. consumers suffered a ‘stunning loss of confidence’ in early August
The University of Michigan’s gauge of U.S. consumer confidence plunged to a “stunning loss of confidence” with a preliminary August…
S&P 500 and Dow indexes fall as U.S. weekly jobless claims hit a two-month high
The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap tech…
