Alphabet’s Worst Day Ever Rattles Tech as Intel and Amazon Slide, and Asian Stocks Tumble
A selloff in technology shares spread from Wall Street to Asia as investors reacted to disappointing earnings from some of the biggest names in tech....
Tag : PCE inflation
Alphabet Slide Dents Tech Rally as Korean Chip Shares Retreat After Record Run
Technology shares lost momentum in Asia on Thursday after a disappointing earnings report from Alphabet and a pullback in South Korea’s chipmakers cooled a rally...
Fed Holds Rates but Two Officials Back a Hike, as Warsh Cuts Back Rate-Setting Meetings
The Federal Reserve held interest rates steady on Wednesday. A split vote and a change to its meeting calendar showed a central bank still divided...
Five Central Banks Decide in Three Days as Oil-Fuelled Inflation Tests Rate Makers
Global borrowing costs face a crowded few days. Five major central banks will announce interest-rate decisions within roughly 50 hours this week, just as oil...
Wall Street Edges Lower as Treasury Yields Near 2007 High and Rate-Hike Bets Firm
Wall Street ended a subdued session slightly lower on Tuesday as another climb in long-term Treasury yields offset the support of technology heavyweights, leaving investors...