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Goldman’s Garrett Warns Investors Are Reducing Exposure to Mag 7 Stocks
Brian Garrett, head of equity execution on Goldman Sachs’s Cross Asset Sales desk, has been flagging the same signal for months, and the data behind it is now impossible to ignore. Goldman’s prime brokerage desk shows clients unwinding gross positions into all-time highs, with the largest weekly gross unwinding in seven months. Simultaneously, Goldman’s analysis…
AI Chip Stocks Extend Selloff as Micron, Western Digital Drop 2.1% Amid Meta Pivot Fears
AI chip stocks stayed under pressure on July 2, 2026, with Micron Technology and Western Digital each falling about 2.1%. The decline added to a wider selloff across semiconductor stocks after reports raised fresh questions about Meta’s long-term AI infrastructure plans. That prompted investors to rethink expectations for future spending on memory chips and AI…
Super Micro Reveals Taiwan Staff Questioned in AI Server Export Probe Involving Nvidia Chips
On July 2, 2026, Super Micro Computer confirmed that employees at its Taiwan unit were questioned as part of an investigation into AI server exports involving Nvidia chips. The company said it is cooperating with authorities and is not the primary focus of the probe. The investigation comes as governments tighten restrictions on advanced AI…
Samsung Group Announces 140 Trillion Won Investment to Expand Display and Semiconductor Manufacturing
Samsung Group announced on July 2, 2026, that it will invest 140 trillion won, or more than $100 billion, to expand semiconductor and display manufacturing in South Korea. The investment focuses on AI memory chips, advanced packaging, and next-generation OLED and XR display technologies. New production facilities are planned for the Chungcheong region. The announcement…
Lloyds Banking Group to Phase Out Halifax Branding Across 190 UK Branches; LLOY Shares lost 0.54%
Lloyds Banking Group confirmed plans to retire the 173-year-old Halifax brand from UK high streets. The bank will rebrand 190 Halifax branches under the Lloyds name throughout 2027. LLOY shares lost 0.5% to close at 111.59 pence on July 1, 2026, giving Lloyds a market capitalization of £65 billion. The move ends one of Britain’s…
NS&I Premium Bonds July Results: 44 Big Winners Claim £5,000 and £10,000 Prizes
The NS&I Premium Bonds July 2026 results are out, giving millions of UK savers another chance to see if they’ve won a tax-free prize. This month’s draw paid out more than 6.2 million prizes, including 44 winners who received £5,000 and £10,000, as well as two new £1 million jackpot winners. With your original investment…
Trump Wealth Reaches New Heights Through Crypto Ventures and Digital Assets
Trump’s wealth has climbed sharply in 2026, driven largely by cryptocurrency. Forbes puts his net worth at $6.5 billion as of March 2026. That figure has nearly tripled since 2024, when it stood at $2.3 billion. Digital assets now sit at the center of this growth story. Crypto Now Drives Trump Wealth Crypto holdings account…
Google Ordered to Pay $1.5 Billion to Klarna’s PriceRunner in Swedish Antitrust Damages Case
Google faces a major antitrust penalty in Sweden today, July 1, 2026. Stockholm’s Patent and Market Court ordered Google to pay 14.3 billion Swedish crowns, roughly $1.5 billion, to PriceRunner. Klarna Group (NYSE: KLAR), which owns PriceRunner, had sought $8.3 billion in its original claim. The ruling caps a case built on a 2017 European…
Tesla Registrations Surge in France and Sweden but Plunge 43% in Norway Ahead of Q2 Delivery Report
Tesla’s latest European registration data has delivered mixed signals just ahead of its closely watched second-quarter delivery report. On July 1, 2026, new figures showed registrations surged in France and Sweden but dropped 43% in Norway, one of the company’s strongest electric vehicle markets. These contrasting results could shape investor expectations for Tesla’s Q2 performance….