2 trillion in stock market wiped amid global recession fears; Apple stake reduced by Buffett.
$2 trillion wiped from stock market as investors fear global recession; Apple stake reduced by Buffett; cash reserves at $277B. Key factors behind stock market meltdown: inflation, interest rates, geopolitics, tech stock declines (Amazon, Meta, Google, Apple, NVIDIA). Causes remain complex, no single entity to blame.
August 05, 2024
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