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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…
Gas Prices Surprise Drivers With Highest Independence Day Average in 4 Years
Gas prices are hitting drivers hard just before the July 4th weekend. The national average sits at $3.847 per gallon as of July 1, 2026. That marks the second-highest Independence Day price on record. Only 2022 saw higher pump prices, when costs topped $5 a gallon. This year’s spike traces back to the Iran conflict,…
AlzeCure Shares Soar 71% to Highest Since 2022 on $2.2 Billion Alzheimer’s Drug Licensing Deal
AlzeCure shares surged 71% on June 30, 2026, reaching their highest level since early 2022 after the Swedish biotech company announced an Alzheimer’s drug licensing agreement valued at more than $2.2 billion, excluding royalties. The deal gives global development and commercialization rights to its lead candidate, ACD856, and marks a major milestone for the company….
Microsoft Layoffs: MSFT Cuts Up to 2.5% of Jobs, Targets Xbox and Sales Divisions
Microsoft is preparing another round of layoffs as it begins its 2027 fiscal year, with reports on June 30, 2026, indicating that up to 2.5% of its global workforce could be affected. The planned cuts are expected to focus on Xbox, sales, and consulting teams while the company continues investing heavily in artificial intelligence. The…
Abivax Shares Soar 27% After Ulcerative Colitis Drug Shows Strong Results in Hard-to-Treat Patients
Abivax shares surged sharply after new clinical trial results for its ulcerative colitis treatment, obefazimod, showed strong performance in patients who previously failed standard therapies. The stock reaction reflects renewed investor confidence in the biotech pipeline and growing hopes for a breakthrough therapy in a difficult disease area. The move also comes at a time…
Gold Falls 1.3% to $3,965.51, Posting a 12.8% June Drop and Worst Month Since 2008
Gold extended its brutal slide on June 30, 2026, falling 1.3% to $3,965.51 per ounce. The precious metal is on course to lose more than 11% this month and around 14% this quarter, marking its steepest quarterly decline on record. Reuters flagged gold’s biggest quarterly slide since the June quarter of 2013. This June drop…
DoorDash Not Working? Thousands Report DoorDash Outage on Sunday
DoorDash (DASH) went dark for thousands of users on Sunday, June 28, 2026. Reports on outage-tracking service Downdetector surged around 6:25 PM Eastern Time. Users across the US experienced login failures, app errors, and delivery delays. One confirmed outage was detected between 11:16 PM and 11:30 PM, lasting roughly 13 minutes. The disruption rattled Dashers…
Amazon’s Rapid Delivery Push Wipes Out Over $15 Billion in Value for Eternal and Swiggy
India’s quick commerce market entered a new phase in June 2026 as Amazon stepped up its rapid delivery expansion, shaking investor confidence. The move triggered a sharp sell-off, wiping out more than $15 billion in the combined market value of Eternal and Swiggy within days. Analysts believe tougher competition could increase spending and delay profits…
Persistent Systems Share Price Falls 9% to Hit 52-Week Low of ₹4,404; Stock Under Pressure After IT Selloff
Persistent Systems shares came under heavy selling pressure after falling nearly 9% to a 52-week low of ₹4,404 in late June 2026. The sharp decline reflects growing concerns across the Indian IT sector, where several technology stocks have been hit by weak investor sentiment and fears of slower global spending. With the stock now trading…