On Tuesday, major tech companies continued to sell off following Monday’s losses. Julie Hyman, Brian Sozzi, and Myles Udland break down the factors contributing to the price action in big tech.
The Zacks Analyst Blog Highlights: Google, Adobe, Microsoft and DocuSign
Alphabet Inc's Google has launched international money transfer partnerships with remittances firms Wise and Western Union Co for users of its U.S. payments app, the companies said on Tuesday. Google Pay users in the United States can now transfer money to app customers in India and Singapore, with plans to expand to the 80 countries available via Wise, and 200 via Western Union by the end of the year. Google's foray in the $470 billion remittance market, marks a further step by the technology company to expand its financial services offering, ramping up competition in the digital payments sector.