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Tech weakness sends weekly global equity fund inflows sharply lower

June 26 (Reuters) - Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S. Federal Reserve cooled risk appetite. Investors purchased a net $7.51 billion worth of global equity funds ...
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Wall St futures fall as chip stocks resume slide after Micron-led rally

June 26 (Reuters) - Futures tied to the tech-heavy Nasdaq led Wall Street losses on Friday, as chip stocks came under renewed pressure after a sharp rally in the previous session, while some megacap technology names also slipped. Memory chipmaker Micron Technology shed 4.8% in ...
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Fed Chair Warsh taps veteran economists as advisers, WSJ reports

June 26 (Reuters) - Federal Reserve Chairman Kevin Warsh has tapped Daniel Covitz and Eric Engstrom, two veteran central-bank economists, to serve as advisers, the Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters could not immediately confirm the report. ...
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China Eastern Airlines to buy 25 Airbus A330 neo jets for $9.4 billion

BEIJING, June 26 (Reuters) - China Eastern Airlines plans to buy 25 A330 neo jets from Airbus for a catalogue price of about $9.4 billion, it said in a filing to the Shanghai Stock Exchange on Friday. The aircraft are scheduled to be delivered in ...
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Jobs data, rate bets in focus as US stocks close solid first half

By Lewis Krauskopf NEW YORK, June 26 (Reuters) - Jobs data in the coming week will shed light on the U.S. economy's strength, which could raise prospects for near-term interest rate hikes, adding potential volatility to a stock market already on edge from swings in ...
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Russell rebalance could add to SpaceX volatility

By Noel Randewich June 26 (Reuters) - Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars' worth of Elon Musk's internet and rocket company to their holdings. After a blockbuster ...
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Asia shares retreat as Apple price hikes rain on chip parade

By Stella Qiu SYDNEY, June 26 (Reuters) - Asian shares pulled back on Friday after a stellar quarter, as Apple's hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices ...
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Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

By Mohi Narayan and Sam Li NEW DELHI, June 26 (Reuters) - Crude prices sank 2% on Friday and were headed for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was ...
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Kioxia shares slump 12% as AI-related stocks fall

TOKYO, June 26 (Reuters) - Shares of Japanese chipmaker Kioxia slid 12% on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares. Kioxia, previously called Toshiba Memory and carved out of Toshiba in ...
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Morning Bid: Chipflation

A look at the day ahead in European and global markets from Ankur Banerjee Just as investors were settling into the idea that the AI rally still had legs, Apple delivered a reality check that someone has to foot the bill. While iPhone prices ...
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Italy regulator probes Microsoft over ‘Microsoft 365’ price hike

ROME, June 26 (Reuters) - Italy's antitrust authority said on Friday it had opened an investigation into Microsoft over alleged unfair commercial practices linked to the price hike of its "Microsoft 365" subscription. The regulator said the Windows maker did not adequately inform consumers ...
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Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI

BANGKOK (AP) - Shares plunged Friday in Asia, led by heavy losses in Japan and South Korea as traders sold to lock in gains from recent rallies in stocks related to artificial intelligence. U.S. futures also declined, while oil prices fell. Tokyo's Nikkei 225 index ...
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