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WTI crude futures fell $4.00 intraday to $77.91/barrel, down 4.88%.

2026-07-29

WTI crude futures fell $4.00 intraday to $77.91/barrel, down 4.88%.

Other News
2026-07-28

BlackRock: Will raise $12.5 billion in debt financing to fund some of its investments.

BlackRock: Will raise $12.5 billion in debt financing to fund some of its investments.
2026-07-28

UBS analysts noted in a report that the recent pullback in Microsoft's (MSFT.O) stock price has mitigated some of the risks associated with its fourth-quarter earnings, limiting downside potential. However, they maintained a "buy" rating on Microsoft

UBS analysts noted in a report that the recent pullback in Microsoft's (MSFT.O) stock price has mitigated some of the risks associated with its fourth-quarter earnings, limiting downside potential. However, they maintained a "buy" rating on Microsoft while lowering their price target from $510 to $480. This was attributed to the possibility that Microsoft might revise its capital expenditure outlook upwards while maintaining rather than raising its Azure growth guidance—a combination of high spending and limited revenue growth expectations that seems less appealing to the market. Beyond discussions about capital expenditures and ROI, Microsoft may face pressure from several sources: its exposure to OpenAI, the potential for substitution from open-source models, and questions surrounding its flagship productivity software business. The analysts wrote, "In conclusion, we maintain our 'buy' rating but take a more balanced view of this earnings report."
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