Global investment banks got a second-quarter revenue boost from a surge in Asian stock trading. But given China’s market volatility and stock declines in some other countries, those revenue gains may be hard to replicate.
Technology companies whose earnings disappoint investors are paying an unusually large toll this quarter, highlighting Wall Street’s high expectations for the sector at a time of uneven economic growth.
The commercial promise of drones has been limited by their short battery lives and propensity for flying off. Now some companies believe they have a solution: tie the drones to the ground with tethers hundreds of feet long.
“Mission: Impossible—Rogue Nation” opened in first place at the box office with an estimated $56 million, a terrific boost for the spy series and its star, Tom Cruise. Audiences, however, didn’t go with “Vacation,” the latest National Lampoon installment.