Monthly Archives

June 2022

Stocks rebound as recession fears rise

US stocks tumbled after Federal Reserve Chairman Jerome Powell reiterated his commitment to curb inflation and acknowledged the risk of recession, even as some traders now expect the central bank to watch closely the impact of its rate…

Apple loses $800 as tech stocks plunge

After briefly surpassing $3 trillion in January, the iPhone maker lost more than $800 billion in market capitalization as tech stocks plunged. As fears grow that interest rate hikes by the Federal Reserve could tip the United States into…