Google stock is losing a market capitalization the size of Nike in one of the five worst declines in Wall Street history

Google stock is losing a market capitalization the size of Nike in one of the five worst declines in Wall Street history

Published: October 25, 2023 at 16:58 ET Alphabet Inc.’s Wednesday stock sell-off. caused the fifth-largest one-day decline in market value of any U.S. company in history. Alphabets GOOG GOOGL shares fell 9.5% on Wednesday’s action, according to Dow Jones Market Data, wiping $166.64 billion in market value from Google’s parent company. The decline in market …

Read more

Recession will hit stocks and home prices next year: Wall Street veteran

Recession will hit stocks and home prices next year: Wall Street veteran

Harley Bassman says the U.S. economy will fall into recession next year, which will hit stock and home prices. Scott Olson/Getty Images Harley Bassman claims that the American economy will capitulate and enter a recession next year. The Wall Street veteran expects stock and home prices to fall as unemployment and mortgage defaults rise. Bassman …

Read more