Major share indices were deep in the red in Asia on Monday as fears the United States could be heading for recession triggered mass risk aversion and wagers interest rates will have to fall sharply, and quickly, to support growth. Investors stared where they finished on Friday by knocking Nasdaq futures down 1.28%, while S&P 500 futures dropped 0.79%. Treasury futures were off 5 ticks, but that followed a huge rally on Friday where yields dived 18 basis points to the lowest since November.
Recession fears are gripping the market. Warren Buffett's Berkshire halved its Apple stake. Nvidia reportedly has delayed its next AI chip.One dead in motorcycle crash on Milwaukee's east sideOTTAWA — Canada's Foreign Affairs Minister Melanie Jolie and her G7 counterparts have issued a joint statement calling for a de-escalation of tensions in the Middle East.ANAHEIM, Calif.
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