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.
Saudi soccer dominance could still take ‘decades’ despite reported $332 million Mbappé bid
Saudi Arabian soccer club Al-Hilal has reportedly tabled a world record 300 million euro ($331.9 million) bid for Paris Saint-Germain star Kylian Mbappé.
China removes Qin Gang as foreign minister after one-month absence
China has appointed top diplomat Wang Yi to succeed Qin Gang as foreign minister, after the latter’s one-month absence, Chinese media reported Tuesday.
Spotify shares fall 14% on revenue miss and weak guidance
Spotify released second-quarter results that missed analysts’ estimates for revenue and offered weaker-than-expected guidance.
