Hedge funds dumped chip stocks for a fourth week as AI shares sold off
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Hedge funds dumped chip stocks for a fourth week as AI shares sold off

By Nell Mackenzie LONDON, July 6 (Reuters) – U.S. hedge funds sold tech hardware stocks for a fourth week in ā€Œa row, according to a client note from Goldman ā€ŒSachs on Friday, in line with a recent decline in global chip shares ​and just before many of these companies will report earnings. Tech shares and…

Financial services AI dangers highlighted by regulator’s review
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Financial services AI dangers highlighted by regulator’s review

By Phoebe Seers LONDON, July 6 (Reuters) – Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions. In a review commissioned ā€Œby the Financial Conduct Authority and published on Monday, the watchdog’s executive director, Sheldon Mills,…

South Korea’s SK Hynix launches  billion US listing to ride global AI wave
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South Korea’s SK Hynix launches $28 billion US listing to ride global AI wave

July 6 (Reuters) – South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major investors, as it capitalises on the global AI boom with one of the world’s largest new share sales. Baillie Gifford…

Morning Bid: From payrolls to profits
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Morning Bid: From payrolls to profits

By Anna Szymanski July 6 (Reuters) – What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets began the week on a mixed note, with Asian shares easing and Wall Street futures ticking up before the bell on Monday ahead of the first wave of second-quarter earnings reports this…

Stocks Set to Open Higher on Tech Boost, Fed Minutes Awaited
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Stocks Set to Open Higher on Tech Boost, Fed Minutes Awaited

September S&P 500 E-Mini futures (ESU26) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.10% this morning, pointing to a higher open on Wall Street after the long weekend. Stock index futures were supported by a rebound in technology stocks at the start of a week that will once again test investors’…

Stock market today: S&P 500, Nasdaq, Dow futures climb after record-setting week
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Stock market today: S&P 500, Nasdaq, Dow futures climb after record-setting week

US stock futures rose following a record-setting week for the Dow, with tech and hardware stocks driving the gains. Futures linked to the S&P 500 (ES=F) rose 0.5% as contracts tied to the Nasdaq 100 (NQ=F) jumped 1.4%. Dow Jones Industrial Average futures (YM=F) traded flat Last week saw strong gains across the three major…

A Hedge Fund Dumped Establishment Labs Shares Worth .6 Million. Here’s a Closer Look at the Transaction.
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A Hedge Fund Dumped Establishment Labs Shares Worth $6.6 Million. Here’s a Closer Look at the Transaction.

Hedge fund JW Asset Management, LLC reported the indirect sale of 90,533 shares of Establishment Labs Holdings Inc. (NASDAQ:ESTA) across multiple open-market transactions from May 26, 2026 through May 28, 2026, totaling approximately $6.64 million in proceeds according to the SEC Form 4 filing. Transaction summary Transaction value based on SEC Form 4 weighted average…

Five Energy Stocks Riding Texas’s Data Center Power Boom
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Five Energy Stocks Riding Texas’s Data Center Power Boom

Fly into Abilene, Amarillo or Midland this year and you’ll see the buildout before you land: cranes over half-finished turbine halls, miles of freshly trenched pipeline right-of-way, and fenced-off scrubland that a year ago grew nothing but mesquite and cotton. Texas has become the epicenter of America’s AI data center boom, and unlike a lot…

EXCLUSIVE: Reddit Isn’t a Social Media Company, CFO Says It’s a True ā€˜1-of-1’
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EXCLUSIVE: Reddit Isn’t a Social Media Company, CFO Says It’s a True ā€˜1-of-1’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Reddit Inc is known mostly as a social media company, but Chief Financial Officer Drew Vollero says while the company shares similarities to others in the field, it’s a true “1-of-1.” Reddit’s Unique Position and Strengths Since going…

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