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BofA’s Hartnett Says Global Stocks Are Close to Sell Signal

(Bloomberg) -- Global stocks are getting close to triggering a technical “sell” signal after reaching a record this week, warns Bank of America Corp. strategist Michael Hartnett, saying the market is running too hot after surging 20% in just two months.Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Docu

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Broadcom Stock Slips 4% as Earnings Only Slightly Beat Wall Street's Estimate Despite Strong AI Chip Sales

In fiscal Q2 2025, revenue met and earnings slightly beat Wall Street's estimates. Fiscal Q3 revenue guidance was in line with the analyst consensus estimate. Shares of Broadcom (NASDAQ: AVGO) declined 4% in Thursday's after-hours trading, following the semiconductor and infrastructure software maker's release of its report for the second quarter of fiscal year 2025 (ended May 4).

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Wall Street Has a Hot Way to Sell Private Assets to the Masses

(Bloomberg) -- The push to put private assets in the hands of individual investors is breathing new life into a relatively quiet corner of the asset management industry: interval funds.Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnTrump Said He Fired the National Portrait Gallery Director

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