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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…
German Ruling Coalition Unveils Major Tax, Labour and Pension Reforms
On July 2, 2026, Germany’s ruling coalition unveiled a wide-ranging package of tax, labour, and pension reforms designed to strengthen Europe’s largest economy. The proposals come at a time when the country is dealing with weak economic growth, rising costs for businesses, an aging population, and persistent labour shortages. The government believes the changes will…
Kospi Index Slides Nearly 8% as SK hynix Plunges 14% and Samsung Drops Over 9%
The Kospi Index dropped nearly 8% on July 2, 2026, marking one of its steepest daily declines this year as a sharp selloff hit South Korea’s semiconductor sector. SK hynix tumbled about 14%, while Samsung Electronics lost more than 9%, dragging the broader market lower. The decline came as investors reacted to growing concerns about…
Google Fine Upheld: EU Court Confirms Record €4.1 Billion Android Antitrust Penalty
The Google fine over Android practices is now final. The EU Court of Justice dismissed Alphabet’s appeal on July 2, 2026. Judges upheld the €4.125 billion penalty tied to Android distribution deals. The European Commission first imposed a €4.34 billion fine in 2018. That figure fell to €4.125 billion after a 2022 General Court review….
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…
Abivax Shares Jump 3.91% After $920 Million Stock Offering Grows Beyond Expectations
Abivax shares climbed 3.91% on Nasdaq on July 2, 2026, after the French biotech confirmed its $920 million American Depositary Share offering. Underwriters exercised their full option, pushing gross proceeds well past the original $600 million target. The ADS offering priced at $125.00 apiece on July 1. Abivax (Nasdaq: ABVX, Euronext Paris: ABVX) said the…
Euro Bond Yields Rise After ECB’s Hawkish Sintra Remarks Cool Rate Cut Expectations
Euro bond yields rose on July 2, 2026, after European Central Bank (ECB) officials struck a hawkish tone at the annual Sintra Forum in Portugal. Their comments prompted investors to dial back expectations for additional interest rate cuts over the coming months. Markets responded quickly, pushing benchmark government bond yields higher across the Eurozone. The…
NVDA Stock Is Down 11.33% in 4 weeks, But Nvidia Just Crossed a $5.5 Trillion Market Cap
NVDA stock has fallen 11.33% over the past four weeks, yet Nvidia reached a historic milestone by crossing a $5.5 trillion market capitalization in early July 2026. That contrast has drawn plenty of attention on Wall Street. Some investors have taken profits after Nvidia’s strong rally, while others remain focused on the company’s long-term 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…