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Bloomberg27d agobearish
Goldman Says Hedge Funds Sell US Tech Stocks at Record Pace

(Bloomberg) -- Hedge funds pulled back from US tech stocks at a record pace over the past two months, according to Goldman Sachs Group Inc.’s Prime Services desk.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17FCC Near Rulings Against Disney Over ‘The View,’ TV LicensesTh

Bloomberg27d agobearish
Trump Lawsuits Reach Key Stages After Pair of Recent Setbacks

(Bloomberg) -- Lawyers for President Donald Trump and his sprawling business interests are heading to court this week in Florida for high-stakes hearings that follow a pair of major setbacks in their wave of multibillion-dollar lawsuits.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death

Popular brewery in historic building files Chapter 11 bankruptcy
TheStreet27d agobearish
Popular brewery in historic building files Chapter 11 bankruptcy

Manufacturing a high-quality beer doesn't always guarantee success in the craft brewery business. Award-winning craft beer maker Coldwater Mountain Brewpub LLC filed for Chapter 11 bankruptcy to restructure its debts and reorganize its business after over four years of operating. The debtor did not ...

IBM’s 25% crash reveals AI’s hidden corporate casualty
TheStreet27d agobearish
IBM’s 25% crash reveals AI’s hidden corporate casualty

IBM’s board faced an uncomfortable decision after learning that the company’s second quarter had fallen well short of expectations. Directors can now take a breather and wait until the scheduled earnings release and let executives explain the results in detail. Or they could warn investors ...

Bloomberg28d agobearish
Walmart Removes Four Taylor Farms Salads as Recalls Spread

(Bloomberg) -- Walmart Inc. said it has removed four bagged iceberg lettuce salad products manufactured by Taylor Farms as recalls tied to a cyclosporiasis outbreak expand. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseChip Stocks Slide Into Bear Market in AI Unwind: Markets WrapSpaceX Slump Wipes Out $1 Trillion in Market Value From PeakGoogle Gemini Launch Delayed as Tech Falls Short of Internal Goal

Meta, Anthropic drop bombshell news on AI market
TheStreet29d agobearish
Meta, Anthropic drop bombshell news on AI market

Last October, Mark Zuckerberg mentioned almost in passing that companies kept asking Meta if they could buy computing capacity from it, at a premium. It sounded like a hypothetical. On July 17, the New York Times turned it into a very real story. Meta and Anthropic are in early talks for a ...

Giant Eagle drops prices on 300 items before its sale
TheStreet29d agobearish
Giant Eagle drops prices on 300 items before its sale

If you shop at Giant Eagle, your grocery bill could look noticeably different this month, and the savings are broader than you might expect. The chain rolled out price cuts across more than 300 products, and those reductions will remain in effect through the first week of September. ...

China’s Moonshot AI Adds to Chip Investors’ Worries
The Wall Street Journal29d agobearish
China’s Moonshot AI Adds to Chip Investors’ Worries

The surprise release of a breakthrough artificial-intelligence model from China intensified a selloff in chip stocks on Friday, fueling concerns about competition in AI and massive corporate spending that underpins its build-out. Tech stocks led a Friday selloff that by late afternoon had broadened to envelop 10 of 11 sectors in the S&P 500 index. The latest trigger was China’s Moonshot AI, which unveiled its Kimi K3 large language model on Friday.

Nasdaq Drops Again as Chip Slump Deepens
The Wall Street Journal29d agobearish
Nasdaq Drops Again as Chip Slump Deepens

MARKETS PM NEWSLETTER This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets Today The chip-stock selloff deepened, dragging the tech-heavy Nasdaq down 1.