- Chinese regulator ordered Microsoft Corp (NASDAQ:MSFT) search engine Bing to suspend its auto-suggest feature for a week for undisclosed reasons, Reuters reports.
- It marks Bing’s second regulatory suspension since December.
- “Bing is a global search platform and remains committed to respecting the rule of law and users’ right to access information,” Bing said.
- Recently China assured about bringing stability in capital markets, supporting overseas stock listings, resolving risks around property developers, and completing the crackdown on Big Tech as soon as possible.
- Alibaba Group Holding Ltd (NYSE:BABA) and the other Chinese tech stocks have produced lackluster results thanks to the domestic tech crackdown.
- Price Action: MSFT shares traded lower by 0.59% at $298.67 on the last check Monday.
4 Stocks Insiders Are Buying
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
