Tech Stocks Continue to Plummet, Stoking Fears of Recession
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Tech Stocks Continue to Plummet, Stoking Fears of Recession
Tech Stocks , Continue to Plummet, , Stoking Fears of Recession.
'Time' reports that the tech sector has suffered
deep losses as much of the population returns
to work after two years of the pandemic.
On May 9, the tech-heavy Nasdaq dipped over 4% after
a disappointing April that had the worst monthly
performance since the 2008 financial crisis.
.
On May 9, the tech-heavy Nasdaq dipped over 4% after
a disappointing April that had the worst monthly
performance since the 2008 financial crisis.
.
According to 'Time,' the slump has erased trillions of dollars in market value as investors dump shares across the spectrum of the tech industry.
.
On May 11, shares of Amazon
were trading 40% below the company's
52-week high of $3,773.08.
On May 11, shares of Amazon
were trading 40% below the company's
52-week high of $3,773.08.
Shares of Apple also have dropped 15% since January
2022, while Facebook's parent company, Meta, has
seen its stock price drop 47% since September.
Shares of Apple also have dropped 15% since January
2022, while Facebook's parent company, Meta, has
seen its stock price drop 47% since September.
U.S. Treasury Secretary Janet Yellen
warned that market turbulence
is likely to extend through the summer.
There is the potential for continued
volatility and unevenness of global growth
as countries continue to grapple with
the pandemic.
Russiaâs unprovoked
invasion of Ukraine has further
increased economic uncertainty, Janet Yellen, U.S. Treasury Secretary, via 'Time'.
There is the potential for continued
volatility and unevenness of global growth
as countries continue to grapple with
the pandemic.
Russiaâs unprovoked
invasion of Ukraine has further
increased economic uncertainty, Janet Yellen, U.S. Treasury Secretary, via 'Time'.
According to 'Time,' there are three primary factors driving the downward trajectory of tech stocks.
.
The plunge is the result of falling earnings,
rising interest rates and concerns regarding
the future outlook of the economy.
The plunge is the result of falling earnings,
rising interest rates and concerns regarding
the future outlook of the economy.
The entire U.S. economy is about
to shut down again, but this time
it wonât be a dress rehearsal
like with [COVID-19], Peter Schiff, CEO and chief global strategist
at Euro Pacific Capital, via 'Time'
In a dramatic revelation from his upcoming book, Save America, former President Donald Trump has issued a stark warning to Meta CEO Mark Zuckerberg. According to an excerpt obtained by Politico, Trump accuses Zuckerberg of plotting against him during the 2020 election and threatens him with life imprisonment if he attempts to interfere in the 2024 election. Trumpâs book, set for release next week, features a photo of him with Zuckerberg and alleges that Zuckerbergâs $420 million donation to election infrastructure was part of a scheme to undermine Trump. The former president warns that any illegal actions by Zuckerberg in the next election will result in severe consequences, reflecting his ongoing crusade against perceived election fraud.
#Trump #Zuckerberg #TrumpThreatensZuckerberg #USElections2024 #TrumpvsHarris #Meta #SaveAmerica #Election2024 #PoliticalDrama #BookRelease #TrumpVsZuckerberg #ElectionIntegrity #PoliticalThreats #TrumpBook #ZuckerbergThreat #MetaCEO #PoliticalShowdown #ElectionFraud
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The drivers were informed via text message that their employer, KM Group, had gone bankrupt, leaving them without July's salary. Unions say they also haven't received the necessary paperwork to be able to access unemployment benefit.
Credit: euronews (in English) Duration: 01:33Published
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After the âtragicâ discovery of the bodies of three young children and a man in a property in Staines-Upon-Thames on Saturday, a neighbour says the people living there were a âhappy familyâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Police cordon off Bremer Road in Staines-Upon-Thames, following the discovery of the bodies of three children and a man in a property there. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Maya Rudolph is returning to 'Saturday Night Live' to play Kamala Harris in the run-up to the 2024 presidential election. Production on Rudolph's Apple TV+ series 'Loot' was scheduled to start work on season three in late August, but it's been delayed for scheduling reasons. This helps free up her time to work on 'SNL.' Reps for NBC haven't replied to a request for comment.
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We now know when the innies of 'Severance' will return to the office. Apple just revealed that season two of the workplace thriller will premiere on January 17th, 2025. The 10-episode season will be released weekly through March 21st, 2025. Along with the date announcement, the streamer shared a short teaser for the new season.
Credit: The Hollywood Reporter Duration: 01:09Published
One civilian was killed and four others injured in Russian shelling overnight on Ukraine's Sumy region on the border between the two warring countries, the local Ukrainian administration said on Sunday. "During the night and morning, the Russians carried out 18 shelling of border territories and settlements of the Sumy region. 47 explosions were recorded,
#PutinStrike #SumyUnderAttack #UkraineWar #MissileAssault #DroneWarfare #RussianAggression #UkraineDefense #SumyShelling #ZelenskiyResponse #WarTornUkraine #HumanitarianCrisis #EasternUkraineConflict #MissilesAndDrones #RussiaUkraineConflict #GlobalTensions
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The U.S. has made it clear to Kyiv that additional ATACMS missiles are off the table due to severe stock shortages. In a significant setback for Ukraine, Washington's decision to withhold further deliveries of these long-range weapons comes amid ongoing discussions about military aid. The limited availability of ATACMS and the long production timeline have constrained U.S. support, leaving Ukraine's hopes for deep-strike capabilities dashed for now. This development marks a crucial moment in the conflict, impacting Ukraine's strategic options as it continues to face pressure from Russia.
#ATACMS #UkraineAid #ATACMSSupplyUkraine #UkraineATACMSSupply #RussiaUkraineWar #USDefense #MissileSupply #StockShortages #KyivSupport #MilitaryAssistance #WeaponShortages #DefenseNews #Geopolitics #USUkraine #LongRangeMissiles #UkraineCrisis #MilitaryUpdate #DefenseStrategy
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In a dramatic escalation of the ongoing conflict, Ukraine launched an overnight drone attack targeting Moscow and several other Russian regions. Despite the high-profile nature of the attack, officials reported no injuries or significant damage. Moscowâs Mayor Sergei Sobyanin confirmed the destruction of a drone near the capital, while the Bryansk and Kursk regions also reported downed unmanned vehicles. This provocative move signals a new phase in the conflict between Ukraine and Russia. Watch for detailed coverage and analysis of this significant development.
#Ukraine #Moscow #DroneAttack #Russia #Bryansk #Kursk #MilitaryConflict #Geopolitics #InternationalNews #RussiaUkraineWar
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VuÄiÄ acknowledged that Serbia had resisted falling in line with the rest of Europe in putting sanctions on Russia but did say Belgrade had repeatedly condemned the invasion of Ukraine.
Credit: euronews (in English) Duration: 01:08Published
Ukrainian President Volodymyr Zelensky is facing intense criticism from within his own ranks following significant battlefield setbacks in both the Donbass and Kursk regions. According to the Financial Times, soldiers, lawmakers, and military analysts are expressing frustration over the rapid advances made by Russian forces, which have reportedly exploited weaknesses in Ukraineâs defense strategy. The situation has deteriorated as Russian troops have breached Ukrainian lines in the Donetsk Peopleâs Republic (DPR), closing in on the strategically crucial city of Pokrovsk. This cityâs loss would have severe implications for Ukrainian military logistics, with analysts describing the current defensive situation as a âcomplete failureâ and âcomplete chaos.â
#ZelenskyUnderFire #UkrainianForces #KurskCrisis #DonbassConflict #RussianGains #MilitarySetbacks #UkraineStruggles #BattlefieldCriticism #FrontlineFail #PokrovskPressure #ZelenskyLeadership #UkrainianDefense #RussianAdvances #MilitaryAnalysis #ConflictUpdate
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The latest update from the World Health Organization (WHO) showed that between June 24 and July 21, an average of 17,358 Covid specimens were tested for.. DNA
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#bangladeshprotests #SheikhMujiburRahmanStatue #MujiburRahmanStatueVandalised #bangladeshnews #sheikhhasina #bangladeshnewsupdate #studentprotest #bangladeshantigovtprotests #bangladeshjobquotaprotest #bangladeshreservation #latestnews #breakingnews
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In a recent Economic Survey 2023-24 presented by Finance Minister Nirmala Sitharaman, the Indian economy is reported to be on a strong footing, showcasing remarkable resilience in the face of geopolitical challenges. This 476-page document highlights the consolidation of post-Covid recovery and the stability maintained by fiscal and monetary policies. Despite global volatility, India's economic growth continues to expand. Watch the full analysis and key insights from the Economic Survey 2023-24.
#IndianEconomy #EconomicSurvey #FinanceMinister #NirmalaSitharaman #EconomicGrowth #GlobalChallenges #EconomicStability #PostCovidRecovery #India2024
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Stocks Continue to Slip , on Wall Street, , Edging Closer to Bear Market.
On May 19, Wall Street saw stocks fall
in early morning trading, worsening
a slump experienced by major indexes.
On May 19,..
Credit: Wibbitz Top Stories Duration: 01:30Published
Stock Markets Advance , After Flirting With , Bear-Market Territory.
Al Jazeera reports that stocks managed
to make a minor comeback following
a chaotic week in financial markets.
Al Jazeera..
Credit: Wibbitz Top Stories Duration: 01:31Published