Tuesday Digest: Federal probe targets Coinbase; Bay Area homes hit by price declines


Good morning, Bay Area. Starting off the day with the global political economy, the International Monetary Fund has just cut its global growth outlook for the year — from 3.6% to 3.2% this year — warning that the world economy may soon be on the brink of a full-on recession. With that said, Google parent Alphabet Inc. will report its second quarter earnings today, and there are expectations that it will be the slowest quarterly sales growth in two years. On the other side of the coin, one area…

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