Apple is no longer the world’s most valuable company
Energy prices and stocks have been rising as investors sell off equities in several industries, including technology.
Financial News
Dow slips for a fourth day ahead of key inflation data
U.S. stocks seesawed Tuesday as the major averages struggled to recover from three days of heavy selling.
Stock futures are higher after S&P 500 falls to its lowest level in more than a year
Bearish investor sentiment continued to weigh on the major averages earlier on Monday.
Beijing loyalist John Lee will be Hong Kong’s next leader
John Lee, the only candidate for Hong Kong’s top post, has been elected to be Hong Kong’s next Chief Executive.
CDC investigating 109 cases of severe hepatitis in kids across two dozen states, including 5 deaths
The cases of severe hepatitis have been found across 25 states and territories.
Stocks fall on Friday to close out tumultuous week, Dow drops for sixth straight week
The moves came after stocks sold off sharply in Thursday’s session.
Dow tumbles 1,000 points for the worst day since 2020, Nasdaq drops 5%
Stocks reversed Wednesday’s rally and then fell back toward their lowest levels of the year.
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
Wednesday’s rate hike will push the federal funds rate to a range of 0.75%-1%.
The Fed is expected to raise rates by a half point. Investors wonder if it will get more aggressive
Investors are focused on whether the Federal Reserve will signal an even more aggressive rate-hiking path going forward.
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession.