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Analyst cuts Coinbase price target 40% ahead of Q2 earnings
TheStreet14d agobearish
Analyst cuts Coinbase price target 40% ahead of Q2 earnings

On July 23, Citi lowered its target to $235 from $400, a roughly 41% reduction, while reiterating its Buy rating. The move follows a similar downgrade from JPMorgan on July 17, which cut its target to $196 from $283 while keeping an Overweight rating. Coinbase is scheduled to report Q2 ...

Verizon shuts down longtime customer support option after layoffs
TheStreet14d agobearish
Verizon shuts down longtime customer support option after layoffs

Verizon is discontinuing a customer support option it has offered for 18 years, a move that comes after recently announcing a series of layoffs. The carrier has undergone a transformation under new CEO Dan Schulman in recent months as it works to slow customer losses in its wireless business. This ...

Alphabet's Post-Earnings Plunge Adds to Dow's 500-Point Dive
Barrons.com14d agobearish
Alphabet's Post-Earnings Plunge Adds to Dow's 500-Point Dive

Alphabet, the newest addition to the Dow, dove on its latest quarterly results and it's weighing on the blue-chip index. The Dow is down 1.1%, or 563 points. Alphabet was the worst performer in the Dow, contributing a roughly 142-point drag on the index, Dow Jones Market Data showed.

Factbox-Major European regulatory probes into Big Tech
Reuters14d agobearish
Factbox-Major European regulatory probes into Big Tech

July 23 () - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent ‌years.Below are some of the most significant cases: GOOGLE The European Commission said ‌on July 23 it fined Google a total of 890 million euros ($1 billion) for breaching European ​Union rules aimed at curbing the power of Big Tech.

Missile Orders Give RTX, Lockheed Stock a Boost
The Wall Street Journal14d agobearish
Missile Orders Give RTX, Lockheed Stock a Boost

Shares of Lockheed Martin and RTX are surging premarket after both companies reported swelling order books driven by strong demand for military hardware. Defense contractor Lockheed Martin lifted its full-year estimate of sales, per-share earnings and free cash flow as its book of orders for jets, missiles and other military products hit a record $230 billion.