Many of the biggest technology companies are laying off staff amid rampant inflation and fears of a looming recession rise. But, those cuts…
Tag: U.S. recession
Why Apple stock is doing better than other Big Tech companies
Like most U.S. stocks of late, Apple isn’t doing great, but it’s doing better than other Big Tech companies due to myriad reasons…
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…
Stock futures fall on growing recession fears
U.S. stock index futures fell on Wednesday after warnings of a looming recession from major Wall Street bankers offset any optimism…
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…
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…
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…
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…
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…
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…
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…
