Snap’s warning about a rapidly sliding economy sent shock waves through the stock market.
The management team at Snap Inc. minced no words May 23, saying “the macroeconomic environment has deteriorated further and faster than anticipated.” That led the company to say it will miss the low end of its month-old guidance for second-quarter revenue.Snap’s... The management team at Snap Inc. minced no words May 23, saying “the macroeconomic environment has deteriorated further and faster than anticipated.
Another sign of investors’ flight to safety was purchase volume that pushed the yield on 10-year U.S. Treasury notes TMUBMUSD10Y down 13 basis points to 2.74%.More about Snap’s warning and its aftershocks:
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Asia stocks weighed by inflation concerns, China tech sellingAsian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
Les mer »
Americans' net worth has plunged in 2022, billionaires fare the worstInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Guggenheim's Minerd says S&P 500's decline could double from here if Fed keeps hiking ratesScott Minerd sees the stock market decline continuing throughout the summer.
Les mer »
The Top 50 Richest People Have Lost More Than Half a Trillion Dollars This YearElon Musk, Jeff Bezos, Bill Gates and others have seen their wealth drop as the stock market flirts with the first bear market since the beginning of the Covid-19 pandemic.
Les mer »
Stagflation fears rising, with 77% of investors forecasting economic stormA majority of investment fund managers now say they see “below-trend growth and above-trend inflation”— aka stagflation — happening this year.
Les mer »
Why is SIGA Technologies stock soaring on Monday?SIGA Technologies is soaring again on Monday as the company continues to benefit from the spread of monkeypox throughout the globe. Monkeypox is a vir
Les mer »