Yahoo Finance Live anchors discuss the issues Salesforce is facing.
Technology stocks reverted to their old ways this week and were declining as investors grew increasingly concerned that the Federal Reserve's commitment to interest rate increases could end up pushing the economy into a recession. Investors were also responding to less-than-stellar news for Salesforce news this week, and an analyst's downgrade for Shopify's stock. Investors were generally pessimistic as they considered Federal Reserve Chairman Jerome Powell's comments last week.
(Bloomberg) -- Salesforce Inc. co-Chief Executive Officer Marc Benioff touted new software product features in a keynote speech to customers without acknowledging his company is experiencing a wave of executive turnover and investor skepticism.Most Read from BloombergCeline Dion Brings Attention to Stiff Person Syndrome: Here’s What It IsTesla's Troubles Are Piling Up While Elon Musk Is Distracted With TwitterPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingElon Musk’s Bankers Con