“Some of the most important companies in the world like Apple [AAPL], Microsoft [MSFT] or Nike [NKE] have already reported slowdowns in sales, and Tesla [TSLA] has indicated that layoffs will come soon. These are clearly negative headlines, which combined with higher food and fuel prices, make people be careful about their savings,” Ortiz-Olave said, explaining that a slowdown in consumer spending would lead to a loss of revenue for major companies.
Related posts
-
Ethereum, Solana dominate, CryptoPunks lead the pack
In the week ending July 6, the NFT market finally hit a green patch, with impressive... -
Aims To Reclaim $0.50 After Plunge
The XRP community is abuzz with excitement after a whale, a major investor, acquired a hefty... -
Robert Kiyosaki Predicts $10 Million Bitcoin and $15,000 Gold After Major Market Crash
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant...