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The Fed’s persistent monetary policy tightening has led to the tech-heavy Nasdaq composite losing 32.6% year-to-date. The potential impact of rising borrowing costs on tech companies’ financials has been making investors dump tech stocks this year. Tech giant Apple Inc. (AAPL) has lost 18.5% over the past nine months to close the last trading session […]

Amid the Fed’s aggressive rate hikes to battle high inflation, the tech sector has witnessed a massive sell-off this year. Technology stocks went from most loved during the pandemic to the most heavily sold. Jamie Dimon, CEO of JPMorgan Chase, cited the impact of runaway inflation, hawkish hike in rates, and Russia’s war in Ukraine,

With a $235.22 billion market cap, The Coca-Cola Company (KO) is a leading beverage company that manufactures, markets, and sells various nonalcoholic beverages worldwide. It provides sparkling soft drinks, flavored and enhanced water, sports drinks, juice, dairy, plant-based beverages, tea and coffee, and energy drinks. The company operates through a network of independent bottling partners,

The unemployment rate dropped to 3.5% in September as employers hired more workers than expected. A tight labor market might keep the Federal Reserve on its monetary policy tightening campaign for a while. New York Federal Reserve President John Williams said that the U.S. central bank has more work to do to lower inflation and

The recent jobs data released by the Labor Department revealed that the unemployment rate fell to 3.5% last month from 3.7% in August, matching a half-century low that was last reached in July. Employers added 263,000 workers in September, adjusted for seasonality. While this is a good indicator of economic strength, it could influence the

The stock market started the week on a high note with two rip-roaring rallies, and the S&P 500 witnessed its best day since 2020 on Tuesday. However, the momentum did not sustain. On the other hand, Minneapolis Federal Reserve President Neel Kashkari said that the central bank is quite away from stopping rate hikes to

Television streaming company fuboTV Inc. (FUBO) offers subscribers access to live sports, news, and entertainment content. It operates through two segments: streaming and online wagering. Its fuboTV platform enables customers to access content through streaming devices, smart TVs, mobile phones, tablets, and computers. The August consumer price index (CPI) increased 8.3% year-over-year, higher than expected.

Growing inflationary pressures, consecutive interest rate hikes, and the prospect of an economic slowdown have kept the stock market under immense pressure. However, investors lauded the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), which revealed that vacancies fell 1.1 million to 10.1 million on the last working day of August. Furthermore, according to

Historically, September has been a tough month for the stock market, and this year proved to be no exception. With the tech-heavy NASDAQ Composite down 10.4% in the past month, the road ahead looks grim. On top of it, the major U.S. equity benchmarks were down between 8% and 11% in September.  The Fed’s successive

Opendoor Technologies Inc. (OPEN) operates a digital platform for residential real estate in the United States. Its platform enables consumers to buy and sell homes online. On August 4, 2022, OPEN and Zillow Group, Inc. (Z) announced their multi-year partnership. This is expected to allow home sellers on the Z platform to request an OPEN