Author: Charlotte

Wall Street is pulling the plug on technology stocks, and the implication could stretch well beyond just traditional markets. Hedge Funds have aggressively reduced exposure to the US information technology sector, recording net sell-offs in six of the last eight weeks. According to Goldman Sachs Goldman Sachs The Goldman Sachs Group is a securities, investment banking, and investment management company founded in 1869 and primarily based in New York City, United States. The company offers underwriting services for public offerings, convertible and exchangeable securities, investment-grade debt, high-yield debt, emerging market debt, sovereign and municipal debt, bank loans, asset-backed securities, and…

Hedge funds have slashed holdings of US technology stocks by a record amount over the last two months, according to Goldman Sachs, as investors scale back exposure to AI-related companies following months of strong gains. Goldman said the sector was sold in six of the previous eight weeks, resulting in an overall 10% reduction in hedge fund positioning, the steepest decline recorded by the bank’s Prime Services business. The selling has been driven by sharp declines across semiconductors, memory manufacturers and AI infrastructure companies. Goldman said the prolonged weakness points to significant position unwinding and early signs of investor capitulation.…

3SAN ANTONIO — Local developer Koontz Corp. has sold two industrial buildings totaling 187,200 square feet in San Antonio. Built on 17 acres in 2023, the rear-load buildings comprise Phase I of Westport Industrial Park, a 374,400-square-foot development on the city’s northwest side. The buyer was Nuveen Real Estate. JLL brokered the sale. At the time of sale, the buildings were 79 percent leased on average to tenants such as Primo Brands, Farsound Aviation, Southern Glazer’s Wine & Spirits and office furniture company Texas Wilson. Source link

Lower gas prices bring inflation down to 2.8 per cent in June: StatCan | National News | kelownadailycourier.ca We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact csr@ok.bc.ca or call (250) 763-4000. Source link

Engineered Performance Technologies Group acquired Hondata in May.   Hondata offers Honda and Acura owners the ability to tune their engine control units. Engineered Performance Technologies Group already owns Cobb Tuning, PRL, and AutoMeter.   Sad news: another aftermarket tuner has been bought by private equity. Hondata, a company that offers Honda and Acura owners the ability to tune their engine control units, has been acquired by Engineered Performance Technologies (EPT) Group.   We were first tipped off to the story by The Drive, citing a questionable press release from a Facebook group. But after a bit of digging—it’s true. EPT…

SACRAMENTO, Calif., July 20, 2026 (GLOBE NEWSWIRE) — The convergence of artificial intelligence and blockchain technology is rapidly evolving from speculative concept to functional software infrastructure. Solana Unchained is positioning itself at the center of this transformation by developing a comprehensive ecosystem where token utility is directly integrated into essential web3 operations. By prioritizing software execution over market hype, the project has established a roadmap focused on long-term sustainability and practical user demand. As the platform enters the final 48 hours of Phase 10, the project is finalizing its distribution schedule before the public exchange listing. This critical juncture provides…

Greenidge Generation Holdings is rebranding as Vulcan Infrastructure and Power and has secured approximately $39.4 million in strategic financing to accelerate its transformation into a power and digital infrastructure platform focused on supporting artificial intelligence and high-performance computing (HPC) data centers. The capital raise, backed by affiliates of Machine Investment Group and Atlas Holdings, along with Conversant Capital and certain company insiders, marks a significant strategic shift away from the company’s legacy bitcoin mining operations toward acquiring, developing and operating energized sites that can supply power to AI infrastructure while continuing to support local electric grids. As part of the transition, the…

NEW YORK and FRESNO, Calif., July 20, 2026 /PRNewswire/ — Paine Schwartz Partners (“Paine Schwartz”), the largest private equity firm dedicated to sustainable food chain investing, today announced the sale of Lyons Magnus (the “Company”), a leading manufacturer of ingredients, beverage, and healthcare nutrition solutions for the foodservice industry, to Truelink Capital (“Truelink”), a Los Angeles-based private equity firm. Following the signing of a definitive agreement in June 2026 and the receipt of all necessary regulatory approvals, the transaction closed on July 20, 2026, with Truelink assuming full ownership of Lyons Magnus on a go-forward basis. Terms of the transaction…

Indian IT companies signal a foggy recovery in Q2 amid macroeconomic uncertainty Moneycontrol.com Source link

Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,663.59 holder, raised its cash reserve by roughly $225 million last week after selling common stock, bolstering liquidity while leaving its bitcoin holdings unchanged.Michael Saylor, executive chairman of the firm, said Monday that Strategy now holds a U.S. dollar reserve of $3.225 billion alongside its 843,775 BTC stash. A regulatory filing showed the company sold over 2.7 million MSTR shares for roughly $263.5 million through its at-the-market equity program.MSTR was 1.2% higher at $96 in pre-market trading alongside a small rise in the price of bitcoin over the weekend to the current $64,700.The…