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Consumer discretionary stocks sink after surprisingly strong inflation data

The consumer discretionary sector was trading broadly lower Wednesday, after data showing inflation surprised to the upside in June and wages fell as a result. The SPDR Consumer Discretionary Select…

Apple, Amazon, Tesla stocks dive into the red after inflation data

Shares of technology behemoths, and electric vehicle maker Tesla Inc. , pulled sharp U-turns in premarket trading to dive into negative territory after data showing that inflation rose more than…

Google plans to scale back hiring this year: report

Joining a long list of tech firms, Alphabet Inc.’s Google intends to reduce hiring for the rest of 2022 with the threat of recession, company Chief Executive Sundar Pichai said…