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Big tech is not the haven some claim, so it’s time to raise cash, says this hedge fund
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MarketWatch - Business
Hedge fund selling of tech stocks has limited potential for crash, JPMorgan says
Hedge funds in June sold off tech stocks at their fastest rate on record. This sell-off has limited the potential for a crash, JPMorgan said. -
The New York Times - Top stories
Some of Biden’s Upcoming Fund-Raising Events Face New Uncertainty
Plans for a late July fund-raiser in Wisconsin are now off, and it’s unclear whether another event in Texas will proceed, following President Biden’s disastrous debate performance.Joe Biden -
Financial Times - Business
British Airways owner IAG warns airfares must rise to fund carbon cuts
Company’s chief Luis Gallego expects cost implications of switch to cleaner fuel to hit passenger demand -
The Wall Street Journal - World
This Ex-Hedge Fund Manager Is Trump's Secret Fundraising Weapon
‘Duke’s magic is he coaxes out multiples of what you intended to contribute’Donald Trump -
CNBC - Business
We're taking some profits in our bank stocks after big runs and ahead of a tricky time
"The positions were built and forged in tougher times. I think they should be trimmed," Cramer said Friday. -
The Wall Street Journal - World
The Top Stock Mutual Funds Have a Familiar, Tech-Heavy Feel
After a small-cap fund took first last quarter, large-cap growth funds rode most of the “Magnificent Seven” to dominate the latest survey. Only 15 of 1,218 funds lost money. -
The Wall Street Journal - World
Stock Funds Slipped in Second Quarter, but Don't Blame Tech
Investors still hold solid gains for the year so far, on average, as tech names flourish. Plus: A flashback to the 80th anniversary of the Bretton Woods monetary agreement. -
The Wall Street Journal - World
Earnings Season to Test Investors' Faith in Big Tech Stocks
S&P 500 companies are expected to report the biggest quarterly profit jump since early 2022. -
CNBC - Business
Stop worrying and learn to love the triumph of Big Tech over everything
Don't believe the naysayers: The ascension of the mega-caps is good for the overall market.
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French stocks and bonds slip after deadlocked election
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MarketWatch - Business
PBOC to conduct temporary repo, reverse repo operations
China’s central bank has said that it will conduct temporary open market operations in the afternoon, on top of its traditional morning operations, in a bid to improve their effectiveness.