As tech companies look forward to big opportunities in AI, this latest earnings season seemed to reveal some cracks in their present-day armor.
The Tell: Will August stock-market stumble turn into a rout? Here’s what to watch, says Fundstrat’s Tom Lee.
Fundstrat’s Tom Lee sees a typically choppy August pullback. Here’s what would change his mind.
: Informatica CEO Amit Walia innovated ‘from the inside out’ to ensure company’s survival
CEO Amit Walia’s multibillion-dollar gamble has paid off for Informatica, which turned to cloud computing in 2016 and never looked back.
: Troubled Country Garden will be dropped from Hong Kong’s Hang Seng Index
Hang Seng Indexes announced Friday that after a quarterly review, Country Garden shares will be dropped from the main Hang Seng Index.
Market Extra: The second half of the year for stocks rides on this ‘Magnificent Seven’ tech ringleader
Can tech ringleader Microsoft maintain new highs? If no, Bank of America predicts a “sell-the-rip” move is coming for markets.
Earnings Results: Deere & Co. profit and guidance beat forecasts, but stock falls
Company’s outlook suggests that company could fall short of fourth-quarter estimates after it beats third-quarter forecasts, analyst notes.
: WeWork announces 1-for-40 reverse stock split to regain compliance with NYSE listing rules
WeWork will conduct a reverse stock split after stock closed at 16 cents on Thursday.
Futures Movers: Oil prices post first weekly loss since June
Oil futures snapped a run of seven straight weekly gains as worries about Chinese demand, rising bond yields and a stronger dollar take a toll.
: This cartoon about the U.S. economy by a Chinese state propaganda organ has everyone confused
Sometimes the unvarnished truth comes from one’s harshest critics, but a cartoon on the U.S. from the Chinese government has everyone puzzled.
Need to Know: Bond yields hold the key to an emotional market that can change on a dime, says this strategist
Recent moves for stocks have been based on attitudes towards multiples. That’s an ’emotional’ response that is currently being led by bond yields.
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