TechDownturn

Baillie Gifford's Investment Funds Hit Hard by US Tech Sector Downturn

2 months ago

In a recent financial update, Baillie Gifford, a prominent Scottish investment management firm, reported significant losses across its range of investment funds amidst an ongoing downturn in the U.S. tech sector. According to sources, some of their funds have experienced declines of up to 19%, reflecting the broader challenges faced by technology investments in a fluctuating market.

Tech Sector's Troubling Downturn: A New Threat to U.S. Economic Growth

3 months ago

The recent downturn in the technology sector has triggered significant financial repercussions that could pose fresh challenges to the U.S. economic outlook. With tech stocks experiencing a notable decline, the wealth effect that typically fuels consumer spending and investment is coming under pressure. This trend comes as investors reassess the risks associated with high-flying tech valuations amidst rising interest rates and a potential economic slowdown.