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(Bloomberg) -- As Wall Street debates whether the billions of dollars being plowed into artificial intelligence will ever pay off, hedge fund manager Val Zlatev is making record profits for his firm by betting on the picks and shovels used to power the AI rush.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Pus

The future looks a lot different after Warsh made his policy goals clear for the Federal Reserve.

(Bloomberg) -- Christopher Bejnar has spent the last couple of months combing through the fine print of exchange-traded funds, emailing financial advisers and moving money into European stocks – all to keep SpaceX out of his $1 million portfolio.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlas

By Haripriya Suresh and Bharath Rajeswaran BENGALURU, July 6 (Reuters) - India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure,

India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and ‌global geopolitical turmoil continue to weigh on growth, nine brokerages said. The April-to-June quarter is usually ‌a strong one for India's $315 billion IT sector, helped by higher billing days and new project starts, but analysts expect a ​slow start to the fiscal year that would push back hopes of a recovery. India's largest IT services company, Tata Consultancy Services, kicks off earnings on Thursday with peers Infosys, HCLTech and Wipro reporting later this month.

Strategy the bitcoin-hoarding company led by Chairman Michael Saylor, is caught in a math trap of its own making. Saylor has trained investors to believe Strategy’s model for acquiring bitcoins would work so long as the market valued the company at a premium to the value of its bitcoin holdings. Strategy even created a bespoke metric called mNAV to track the premium.

SpaceX will officially join the Nasdaq-100 on Tuesday, and investors holding some funds tied to the index will end up exposed whether they like it or not. Mutual and exchange-traded funds with a collective $800 billion in assets under management that track Nasdaq’s flagship tech index, including the popular ETF, are set to buy SpaceX shares at Monday’s closing price in order to mirror the index’s performance.

Old Dominion Freight is set to announce its second-quarter earnings this month, and Wall Street expects a double-digit rise in its profits.

(Bloomberg) -- The options market is sending a bearish signal on the yen, with interest-rate differentials remaining firmly in favor of the dollar and the Japanese authorities avoiding intervention for now.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbl

(Bloomberg) -- US stocks will struggle to reach new highs as investors rotate out of some of this year’s biggest winning technology trades, according to Morgan Stanley strategists.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Rekindle Fears

If you have been watching the monthly jobs numbers and wondering why they keep disappointing, Goldman Sachs may have part of your answer. June payrolls came in at just 57,000, less than half of what economists expected. April and May were revised down by a combined 74,000. And a growing number of ...

U.S. stock futures were higher in early European morning trading while changes in the dollar and Treasurys were limited as both continued to trade on last week’s jobs data.

(Bloomberg) -- Apple Inc. supplier Luxshare Precision Industry Co. is poised to raise HK$24.3 billion ($3.1 billion) after telling prospective investors it wants to price shares for its Hong Kong listing at the maximum amount it had set, according to people familiar with the matter.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’

Honeywell spinoff Solstice Advanced Materials is in talks to merge with Element Solutions in a deal ‌that could create a chemicals company valued at about $27 ‌billion including debt, the Financial Times reported on Monday. The talks happen as both ​companies seek to capitalize on growing demand for specialty chemicals used in AI data centers and semiconductor manufacturing. Solstice and Element Solutions are discussing a merger of equals and a deal, likely to be ‌mostly stock with ⁠some cash, could come together as soon as this week, the FT report said, citing people familiar ⁠with the talks.

It was priced for perfection.

Investors are looking ahead to Wednesday—when minutes from the Federal Reserve’s latest meeting will be released—in hopes they might provide clues as to where interest rates are headed. They’ll also be watching for Thursday’s weekly jobs numbers and any changes to the fragile truce in the Middle East.

Warsh is intent on implementing major changes at the Fed.

Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon ‌and Disney. Sky CEO Dana Strong said the deal, announced on Monday and confirming a recent Reuters story, was a "defining moment", ‌one of the biggest in the history of British broadcasting. The combination of Britain's biggest free-to-air commercial broadcaster and the pay-TV ​company Sky would have been unthinkable just a few years ago, but the rise of YouTube and the streaming giants, has left traditional companies exposed.

(Bloomberg) -- Singaporean prosecutors filed additional charges including money laundering against a key suspect in an AI server fraud case, part of the Southeast Asian nation’s growing efforts to clamp down on Nvidia Corp. chips being diverted illicitly to other locations including China. Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Globa

Honeywell spin-off Solstice Advanced Materials is in talks to merge with Element Solutions, potentially striking a deal that would create a ...

So far, the results haven't lived up to the hype.

KeyBanc maintained its ‘Overweight’ rating despite lowering its price target.

July 6 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole.

The spinoff has investors taking a fresh look at the sector, now split between old-school telecom and the AI-heavy giants crowding into the space.

Enterprise customers have begun to doubt the burdensome cost of pay-per-use token consumption and are looking to cheaper models.

Samsung Electronics (OTC:SSNLF) on Tuesday is expected to deliver another record-breaking quarter as surging AI-driven demand for memory chips continues to lift prices, though higher employee bonus costs could weigh on reported earnings. AI Memory Boom Expected to Drive Another Record Quarter Samsung is expected to report an operating profit of about 86 trillion won ($56.35 billion) for the April-to-June quarter, according to an LSEG SmartEstimate based on forecasts from 30 analysts, Reuters rep

(Bloomberg) -- South Korean lawmakers are increasingly sounding alarms over the risks of single‑stock leveraged exchange‑traded funds, with an opposition party member now calling for such products to be delisted.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great

Semiconductor maker Penguin Solutions (NASDAQ:PENG) will be reporting earnings this Tuesday afternoon. Here’s what to look for.

Micron Technology (MU) broke ground Saturday on a ¥1.5 trillion, or $9.3 billion, expansion of its memory chip plant in Hiroshima, Japan, according to a Bloomberg report. Japan’s government is absorbing a meaningful share of the bill, unusual even for an industry used to public subsidies. The ...

(Bloomberg) -- ByteDance Ltd. and Alibaba Group Holding Ltd. are pulling the plug on features that let users build and chat with AI companions, preparing for new Chinese regulations governing human interactions with artificial intelligence.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests Af