Here’s what to expect from the Federal Reserve meeting Wednesday
The Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022.
LVMH earnings suggest luxury spending is suddenly slowing in the U.S.
LVMH sales rose in Asia and Europe, but the luxury goods company struggled in the U.S. during the second quarter.
Snap shares plunge more than 17% on weak forecast
Snap reported second-quarter results that topped analysts’ estimates but provided a weaker-than-expected forecast for the current period.
Big investors sold tech stocks ahead of key earnings reports, Bank of America says
Bank of America clients sold a record amount of single stock positions last week.
Don’t chase the Coinbase rally as regulatory risks still linger, analysts warn
Despite the ways Coinbase and the crypto industry can benefit from the XRP ruling, the dark cloud of regulatory uncertainty hasn’t gone away yet.
Goldman sees increased risk of a drawdown in tech stocks and tells clients to use this hedge
Betting against this tech ETF can help investors shore up their portfolios, according to Goldman Sachs.
Microsoft shares dip after quarterly revenue guidance misses expectations
Microsoft’s public cloud Azure has reached scale, and its growth has slowed in recent months as customers make their existing workloads more efficient.
Alphabet reports better-than-expected quarterly results driven by growth in cloud
Alphabet reported earnings after the bell. Here are the results.
IMF raises global growth forecast despite China’s recovery ‘losing steam’
The International Monetary Fund on Tuesday raised its growth forecast for the global economy, turning slightly more positive despite slowing momentum from China.
A decaying oil tanker posed a ‘catastrophic’ risk. Now, a major operation is underway to avert disaster
The UN estimates that a potential spill of the FSO Safer’s cargo would result in $20 billion of cleanup costs.
