Bloomberg Tech

US stocks fell while government bonds advanced as traders unwound bets the Federal Reserve will cut interest rates this year.

Alphabet Inc. fell 3.3% on Monday, after UBS Group AG downgraded the Google parent to neutral from buy in the latest example of waning enthusiasm toward megacaps among Wall Street analysts.

PacWest Bancorp sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp., the latest example of a bank seeking to improve liquidity by selling assets to private investment firms.

US Treasury Secretary Janet Yellen plans to visit Beijing in early July for the first high-level economic talks with her new Chinese counterpart, people familiar with the scheduling said.

All of the Republican-led backlash against ESG investing has presented the industry with an opportunity to reinvent itself. At least that’s the view of several ESG supporters at a marquee sustainable-investing conference in Boston.

Guatemala’s presidential election is set for a runoff between two candidates promising to boost social spending and improve security in Central America’s largest economy.

Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied British carmaker and relative automotive newcomer each backed by Saudi Arabia’s sovereign wealth fund. Shares in both companies jumped.

One creditor of bankrupted cryptocurrency exchange FTX decided not to sit and wait to get their money back.

Sam Bankman-Fried’s crypto conglomerate made “false statements” to banks about accounts commingling customer funds and fired an employee who raised concerns about the practice, the new management of bankrupt FTX alleged in a report Monday.

Digital-asset investment products added $199 million last week, the biggest weekly inflows in nearly a year, as a flurry of applications for spot-Bitcoin exchange-traded funds in the US sparks renewed interest in the space.