U.S. dollar holds strong amid market sell-off, all S&P 500 sectors in the red

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Google CEO Sends Worrying Warning About the Economy

Alphabet ( ), the parent company of Google, seems to prove them right. Indeed, Sundar Pichai, the CEO, has just warned employees that the company will probably not be spared from a potential recession. The internet giant and its subsidiary Youtube, for example, could be affected by a reduction in the advertising and marketing budgets of companies seeking to reduce their costs to cope with the drop in consumer and household spending.