Fading hopes that the Federal Reserve will soon stop raising interest rates has caused jitters in stocks
Tech companies saw exceptional growth in both revenue and employee head counts through the pandemic. But now, they are cutting thousands of jobs. WSJ explains the macro—and micro—reasons for the industry’s massive layoffs.
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Not Tesla lol
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Source: amNewYork - 🏆 336. / 59 Read more »
Stocks fall as Fed signals interest rates need to go still higherStocks closed lower on Wall Street and Treasury yields rose Thursday after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control
Source: latimes - 🏆 11. / 82 Read more »
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