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Business & Finance
U.S. Treasury Secretary Scott Bessent reportedly told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war in Ukraine continues
US stocks declined on Monday after the US attacked Iran for the first time in weeks, fueling a rise in oil prices and increased bets that the Federal Reserve would raise interest rates at its September meeting
Of late, Micheal Burry has been skeptical on the developments in the technology sector. Recently, Burry disclosed short positions in Oracle (ORCL) and Nebius Group (NBIS) citing “rising leverage risks linked to off-balance-sheet commitments across the technology and cloud sectors.”
Positives have started to emerge in beaten-up tech stocks that could entice investors to jump back in despite a host of concerns.
GOOGL dropped 7% despite a 199% EPS surprise and 24% revenue growth, creating a buying opportunity at just 16x earnings
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The Federal Reserve is expected to hold interest rates unchanged at its upcoming July meeting — as higher energy prices and renewed tensions with Iran have complicated the picture for Fed Chairman Kevin Warsh, despite cooler inflation data
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Earnings season kicks into high gear this week. AstraZeneca (AZN) and Nucor (NUE) report on Monday, with results from SK Hynix (SKHY), Visa (V), Coca-Cola (KO), Boeing (BA), Ford (F), ExxonMobil (XOM), and Chevron (CVX) coming later in the week