Speaking from COP26 in Glasgow, the U.S. treasury Secretary says inflation expectations remain ‘well anchored’ and gives her take on meeting Bono in Dublin
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. Russia’s 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. Russia’s 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 won’t be a dress rehearsal
like with [COVID-19], Peter Schiff, CEO and chief global strategist
at Euro Pacific Capital, via 'Time'
Credit: Wibbitz Top Stories Duration: 01:31Published
Police in Scotland say they are investigating allegations that two of their own officers were involved in a child abuse ring in Glasgow in 2014. Sky News
SNP Leader Nicola Sturgeon calls the local elections a "stupendous result" for her party, pointing out it is their 8th consecutive win after 15 years in government. When asked about the resurgent Scottish Labour she says they "threw the kitchen sink" at winning votes in Glasgow and "still" can't defeat the SNP, suggesting they may need to "reflect" on that. Report by Edwardst. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Scottish First Minister Nicola Sturgeon was all smiles as she met with voters and candidates at a Glasgow polling station ahead of today's local elections.
The SNP leader was joined by her husband Peter Murrell, who drew giggles after he snuck up behind his wife and gave her a squeeze as she posed for photos. Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Treasury Secretary Janet Yellen tells CNN’s Bianna Golodryga for Amanpour that policy makers have learned from history and can avoid supply shocks like those in the 1970s.
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