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CNBC World News

Tech stocks just had their worst week since March 2020 as Peloton and Netflix scared investors

A man walks in front of a Peloton studios on May 05, 2021 in New York.John Smith | VIEW press | Corbis News | Getty ImagesPeloton fell below its IPO price, Netflix suffered its steepest drop in a decade, and chip stocks continued...

Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined

People wait in line to be tested for COVID-19 at Union Station on January 7, 2022 in Los Angeles, California.Mario Tama | Getty ImagesA 35-year-old man returned to the U.S. from Wuhan, China on Jan. 15, 2020 and fell ill with a cough...

The biggest travel trend of 2022: Go big, spend big

'New sense of urgency' to hit the roadThere's a "new sense of urgency" to travel, said Stephanie Papaioannou, a vice president at the luxury travel company Abercrombie & Kent. "Guests feel they have lost two years, and older clients are concerned about having fewer...

Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory

U.S. stocks tumbled on Friday, closing out a losing week and continuing a rough start to 2022. The Nasdaq Composite was hit the hardest with Friday's selling sending the tech-heavy index to its worst week since 2020.The Nasdaq Composite declined 2.7% to 13,768.92...

Markets are expected to remain on edge as the Fed meets in the week ahead

Traders on the floor at the NYSE, Jan. 13, 2022.Source: NYSEMarket turbulence is likely to continue in the week ahead as the Federal Reserve meets and the biggest of big tech —Apple and Microsoft — report earnings.Stocks on Friday closed out their worst...

Amazon stock just had its worst week since 2018

Amazon CEO Andy JassyF. Carter Smith | Bloomberg | Getty ImagesShares of Amazon fell 12% for the week, as a broader market sell-off pressured technology stocks.It marks Amazon's worst one-week performance in four years, since Dec. 21, 2018, when the shares fell 13.4%.Markets...