Tech Down as Fed Warns on Further Rate Increases -- Tech Roundup

Shares of technology companies fell after Federal Reserve Chairman Jerome Powell warned more rate hikes could be on their way.

TikTok was championed in Congress by billionaire investor Jeff Yass, who contributed to political campaigns in an apparent effort to to protect his investment as Congress and state legislatures threatened to ban the Chinese-owned video giant.

Elon Musk's SpaceX sued the Justice Department to stop the hiring discrimination case brought against the rocket company last month.

Former CS Disco Chief Executive Kiwi Camara abruptly quit because of investigation into an allegation that he groped a female employee, The Wall Street Journal reported.

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(END) Dow Jones Newswires

09-20-23 1730ET