By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS, July 2 (Reuters) – Alphabet’s Google on Thursday lost its long-running fight against a record EU antitrust fine for using its Android mobile operating system to block rivals, a court ruling which is seen as likely to boost Europe’s crackdown on Big Tech. The European Commission, the…
By Abhirami G July 2 (Reuters) – A consortium including Microsoft and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world’s fastest-growing data markets. The consortium, whose other members include Tata Communications,…
Business school alumni remain proud of where they studied, but their connection to their former institutions is weakening across almost every measure, according to the latest Alumni Matters study from CarringtonCrisp, produced in association with EFMD. The research, conducted among nearly 2,000 alumni from 41 countries, finds that just over three-quarters (76%) of respondents say…
US stocks rose on Thursday as investors assessed a June jobs report that tempered expectations for the next move in interest rates. The Dow Jones Industrial Average (^DJI) ticked up roughly 0.5%, while the S&P 500 (^GSPC) nudged up 0.3%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2% following Wednesday’s chip sector-led slide. The spotlight is…
By Rodrigo Campos and Danilo Masoni NEW YORK/MILAN, July 1 (Reuters) – A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said inflation expectations have fallen but policy won’t be loose, while oil prices fell as optimism over U.S.-Iran talks eased supply…
By Anirban Sen NEW YORK, July 1 (Reuters) – Bridgewater Associates’ flagship Pure Alpha macro fund posted a gain of 8.1% after braving a volatile market backdrop during the first half of the year, people familiar with the matter said on Wednesday. Top hedge funds have grappled with turbulence in financial markets this year on…
Issuer AUM ($, mm) Net Flows ($, mm) % of AUM YTD 2026 Net Flows($,M) BlackRock, Inc. 4,563,526.69 381.60 0.01% 300,691.75 Vanguard 4,474,685.09 213.54 0.00% 259,730.71 State Street 1,736,759.15 -8,311.16 -0.48% 26,894.24 Invesco 975,369.65 -3,881.43 -0.40% 49,040.62 Charles Schwab 579,748.34 525.71 0.09% 33,892.57 JPMorgan Chase 326,160.28 379.51 0.12% 37,353.83 Dimensional 297,832.11 387.00 0.13% 26,371.39 First…
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.22%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.54%. September E-mini S&P futures (ESU26) fell -0.21%, and September E-mini Nasdaq futures (NQU26) fell -1.57%. Stock indexes settled lower on Wednesday, with the S&P 500 falling from a…
Summary The major indices are lower at midday as Wall Street starts a new month and quarter. Traders may be awaiting the June jobs report, out tomorrow, and then markets are closed on Friday for the Fourth of July holiday. Crude oil is at $68 per barrel,
Japan’s JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said on Wednesday. The new company, JERA Global Energy Solutions (JERA GES), will be the Japanese utility giant’s response to increasingly volatile and complex energy markets. JERA…
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