Five things you need to know
Alphabet is falling 7.3% in premarket trading after the Google parent reported disappointing revenue because of a slowdown in its cloud business. The results raise concerns about Alphabet’s AI spending.
China’s antitrust watchdog is laying the groundwork for a potential probe into Apple’s policies and the fees it charges app developers. The move risks becoming another flashpoint in the trade war with the US. Apple shares are down 2.6%.
US equity futures dropped along with stocks in Europe after disappointing earnings from Alphabet and Advanced Micro Devices. Disney, Harley-Davidson, Uber and Stanley Black & Decker report this morning, with insurers MetLife and Aflac scheduled for after the close.
Nissan is pulling out of its deal with Honda to combine both brands, the Nikkei newspaper reported. Nissan shares slumped 4.9% in Tokyo while Honda jumped 8.2%.
Gold rose to a record high above $2,870 an ounce as the opening salvos of the US-China trade war stoked haven demand.
Alphabet is falling 7.3% in premarket trading after the Google parent reported disappointing revenue because of a slowdown in its cloud business. The results raise concerns about Alphabet’s AI spending.
China’s antitrust watchdog is laying the groundwork for a potential probe into Apple’s policies and the fees it charges app developers. The move risks becoming another flashpoint in the trade war with the US. Apple shares are down 2.6%.
US equity futures dropped along with stocks in Europe after disappointing earnings from Alphabet and Advanced Micro Devices. Disney, Harley-Davidson, Uber and Stanley Black & Decker report this morning, with insurers MetLife and Aflac scheduled for after the close.
Nissan is pulling out of its deal with Honda to combine both brands, the Nikkei newspaper reported. Nissan shares slumped 4.9% in Tokyo while Honda jumped 8.2%.
Gold rose to a record high above $2,870 an ounce as the opening salvos of the US-China trade war stoked haven demand.