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Markets
Emerging Markets: India Hit
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Nike earnings, ADP data, and Thursday jobs report set a volatile, holiday-short week
June jobs report arrives Thursday, a day early, with payrolls and wage growth set to shape the Fed’s rate path as markets close Friday for Independence Day.
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Big Tech AI spending tests cash flow after $2.7 trillion June drop
The Magnificent Seven, Broadcom, and Oracle lost about $2.7 trillion in market value in June as investors reassessed AI spending.
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Big Tech loses roughly $2.7 trillion as investors repriced AI build-out
Investors are focusing on the cash needed for data centers, chips, networking gear and power, not just the AI revenue promise.
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