Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls

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Last week was the worst week for the stock market since the crash at the onset of the COVID pandemic 💸

It was the worst week for the stock market since the crash at the onset of the Covid-19 pandemic.

The prospect of interest rate hikes by the Federal Reserve is on the cards with a meeting planned for Tuesday and Wednesday of the coming week. Investors are hoping for more guidance on the central bank’s plan to raise rates. An already dramatic crash in the crypto markets became yet more drastic as hundreds of billions of dollars were lost by investors over the week.

 

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