U.S. stocks closed lower on Friday with the Nasdaq Composite dropping over 100 points amid a decline in Amazon.com, Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL) shares.
Stubbornly high inflation and the sagging economic growth have left investors worried, as the Federal Reserve has signaled more rate hikes could come.
“Rich Dad, Poor Dad” author Robert Kiyosaki took to Twitter on Sunday to warn of what lies ahead for the economy and investors.
Economic expansion cannot continue unhindered and physical limits may soon end the current phase of development, according to a new analysis looking back at the 1972 report “The Limits to Growth,” which was shared on Twitter by the scientific journal Nature.
After the headline Consumer Price Index (CPI) rose 8.3% in August, down from 8.5% in July, the SPDR S&P 500 (NYSE: SPY) started trending lower, heading towards June's lows.
The Consumer Price Index (CPI) was up 8.3% in August and remains at multi-decade highs despite the best efforts of the Federal Reserve to get inflation under control.
U.S. stocks closed mostly higher on Wednesday with the Nasdaq 100 gaining around 100 points amid a rise in Amazon.com, Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL) shares.