Salesforce signage outside office building in New York. Scott Mlyn | CNBC With markets up big year-to-date, bulls and bears seem to have completely diverged in their hypotheses on the upcoming end of the fiscal year. Some see a potential for a dot com bubble-esq surge, and others only expect a pullback. […]
Street
Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images The S&P 500 fell into correction territory Monday, which has Wall Street buzzing over whether the economy is facing a recession, or whether the stock market drop is nothing but a temporary panic-fueled correction. […]
David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs is getting into the cloud computing business. The bank is opening up access to […]
Tim Cook, Apple’s chief executive, has a longstanding philosophy that Apple should continue to invest for the future amid a downturn. It more than doubled its staff during the Great Recession and nearly tripled its sales. Lately, it has increased bonuses to some hardware engineers by as much as $200,000, […]
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HONG KONG/LONDON/NEW YORK, May 9 (Reuters) – Bitcoin plunged to its lowest level since July 2021 on Monday, dropping in tandem with slumping U.S. equity markets amid concerns about the Federal Reserve’s aggressive tightening path. The world’s largest cryptocurrency by market capitalization, bitcoin dropped to as low as $30,331.28, falling […]
VMware at the NYSE, Dec. 14, 2021. Source: NYSE Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the Federal Reserve’s move […]