Economic growth was starting to slow after a solid rebound from early effects of the pandemic in 2021, but Russia's invasion of Ukraine added to that slowdown. The Federal Reserve's promise to aggressively hike interest rates this year in an attempt to fight inflation is only adding to the worry. Read More...
TheStreet.com
Black Friday for The FAANG Who May Lose a Member
While concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech tenors would provide some reassurance on the outlook for companies much more established. There was the hope that Apple , Amazon , Google (Alphabet) could make people forget the possible underperformance of Facebook (Meta) , or even Netflix . From the first quarter results of Facebook, Apple, Amazon, Netflix and Google, the famous FAANG, it appears that fears about a possible recession are well founded.
