'This is a dicey moment': Amazon, Apple, other tech giants lose billions in value as market wobbles

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The trillion-dollar club is getting smaller. Apple, Microsoft, Amazon, Tesla and Alphabet have lost a combined $3.4 trillion in valuation this year as the Fed squeezes the economy and recession fears grow.

As the holiday season quickly approaches, here's how high inflation could benefit you when shopping for gifts.The trillion-dollar club is losing members as tightening from the Federal Reserve leads the most valuable companies in the country to lose trillions in market capitalization.

“It’s a lot of money,” said David Musto, a finance professor at the University of Pennsylvania’s Wharton School of business. “There’s still a lot of confidence left , but this is a dicey moment.”has fallen more than 33% year-to-date amid high inflation, rising interest rates and growing fears of a recession.Which tech company has the highest market cap?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Enjoy the fact that your overlords are a frail old woman and a tiny baby.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU opens investigation into Microsoft, Activision Blizzard mergerThe European Commission's investigation was opened out of concern that Microsoft “may foreclose access” to Activision’s popular games.
Source: washingtonpost - 🏆 95. / 72 Read more »