US tech stocks sank before the bell on Tuesday as a sell-off in Korean memory makers underscored concerns about AI circular financing deals, overshadowing a drop in oil prices and earnings optimism.
Contracts on the Nasdaq-100 (NQ=F) fell 0.9%, signaling further losses for the tech-heavy index, while those on the S&P 500 (ES=F) dropped 0.2%. But Dow Jones Industrial Average futures (YM=F) edged into the green, up 0.1%.
South Korea's Kospi (^KS11) stock benchmark tumbled over 10% on Tuesday as investors dumped shares in top memory chipmakers SK Hynix (SKHY, 000660.KS) and Samsung Electronics (005930.KS), which sank more than 14% and 13%, respectively.
Sentiment on the AI trade has soured amid reports that Nvidia (NVDA) is exploring a $250 billion funding backstop for OpenAI (OPAI.PVT), further intertwining the two companies and heightening worries about circular financing. Tech traders also grew nervous that Chinese competition is narrowing the AI gap with US companies, undermining prospects for a payoff.
Oil prices, meanwhile, continued to retreat after the US and Iran halted active fighting and President Trump said the two sides were in diplomatic talks. "There's a good chance that something could happen, and if it does, good," Trump said aboard Air Force One on Monday. "If it doesn't, we go back to doing what we were doing."

#sank #circular #financing #further

A tribute to Lyon's culture.
This Tuesday morning, Olympique Lyonnais unveiled their new third kit for the 2026-27 season.
The shirt draws inspiration from funk, a musical style for which Lyon is the official capital in France.
Circular patterns referencing vinyl records define the style on the back of the garment, but the masterstroke comes in the crest and the branding: pure psychedelia.
Do you like the shirt?

#shirt #circular #tribute #culture

A tribute to Lyon culture.
This Tuesday morning, OL unveiled its third kit for the 2026-27 season.
A jersey directly inspired by funk, of which Lyon is unofficially the French capital.
Circular patterns, referencing vinyl records and their grooves, have been added to the background of the shirt.
But the real original touch is found on the OL crest, the Adidas logo, and the three stripes on the sleeves. All three elements are very colorful, with psychedelic patterns typical of funk music.

#funk #tuesday #french #circular

By Aditya Soni and Rashika Singh
July 22 (Reuters) - Advanced Micro Devices will sell Anthropic tens of billions of dollars' worth of AI servers and invest as much as $5 billion in the Claude ‌maker, in a deal that would strengthen its foothold in a market dominated by rival Nvidia.
The ‌announcement on Wednesday marks the latest so-called circular deal in the AI industry, where chipmakers invest in AI firms that are among their biggest customers. Nvidia has been in talks to invest $30 billion in ChatGPT creator OpenAI.
Buying AMD chips would secure Anthropic much-needed AI computing capacity. The startup has emerged as one of the leaders in Silicon Valley's artificial intelligence race, thanks to strong adoption of its enterprise tools such as Claude Code.
"It's strategically significant, as each win deepens AMD's credibility as the ‌number-two to Nvidia and supports the slow, ⁠steady share gains underpinning its AI growth story," said Emarketer ****** yst Jacob Bourne.

#NVIDIA #deal

Alphabet (GOOG, GOOGL) earnings out later today will likely mark a moment of truth for tech investors.
That is, whether to stick with a renewed "Magnificent Seven" bull trade or buy the steep sell-off in semiconductor stocks and perhaps load back up on both by the year's end.
Quick insight: Over the past month, the performance gap between semiconductor stocks and Magnificent Seven stocks has expanded, as seen in the Yahoo Finance AlphaSpace chart below.
The Magnificent Seven comprises Apple (AAPL), Alphabet, Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA).
The divergence reflects investor indecision on whether the previously virtuous circular relationship between chips and hyperscaler capex is sustainable, given that hyperscaler forward free cash flow is likely to turn negative in this quarter, Evercore ISI strategist Julian Emanuel explained in a new note on Wednesday.

#semiconductor

Now that the 2026 World Cup is over, we are a month away from the domestic seasons getting underway in Europe. The Premier League, Bundesliga, Serie A, and La Liga are among the leagues that will be resuming play as the end of summer approaches.
Every summer also means new kit season, where clubs all over the world release their new jerseys for the upcoming season. Some of the designs released so far have been inspired by previous looks, friendships between cities and even the sport of baseball.
Check our ranking below of some of the top kits that have been released this offseason, and for more, click on the following team names: Napoli, Man United, Roma, Inter, Real Madrid, Athletic, Red Bulls, Chelsea, Torino, Girona, Bayer Leverkusen, AC Milan Home, AC Milan Away, Bayern Munich and Juventus.
Inter Milan's away kits this year are heavily influenced by the sport of baseball, as evidenced by the pinstripes. The club crest has been reimagined as a monogram with the "I" and "M" free from the circular crest.
Crystal Palace's iconic slash, first introduced in 1976, is once again featured on the Premier League side's home kit. The badge has been given a retro feel with a circular crest that the club first used in 1973.

#premier #Milan #World #home

The Royal Belgian Football **** ociation (RBFA) has said it is "astonished" by FIFA's decision to declare Folarin Balogun eligible for Monday, July 6's United States-Belgium match.
The Belgian federation has already announced that it is "exploring all potential options" in response to FIFA's decision.
FIFA is basing its decision on Article 27 of the Disciplinary Code, which allows the Disciplinary Committee to suspend the enforcement of a previously imposed sanction. The RBFA argues in response that Article 66.4 of the same code states that a sending-off automatically results in a suspension for the next match, as has happened with all the other red cards in the tournament.
The Belgian federation adds that the decision also contradicts Article 10.5 of the 2026 World Cup Competition Regulations, which sets out an automatic suspension following a straight red card or a second yellow. The same criterion, the RBFA notes, was reaffirmed in World Cup Circular No. 16, distributed to all federations on May 12, 2026.

PHILADELPHIA (AP) — Fireworks crackled and jets roared ahead of the France-Paraguay World Cup game in Philadelphia on Saturday as fans celebrated the double joy of soccer's biggest tournament on home soil and the 250th anniversary of American independence in the nation's birthplace.
A pregame show celebrating the city's history included Tony Award winner Idina Menzel singing “The Star-Spangled Banner” a star-shaped stage. The Philadelphia-formed hip-hop band The Roots also performed, backed by dancers, including a “Lady Liberty” draped in a monumental gown, and fireworks in red, white and blue. The Philadelphia Boys Choir & Chorale then sang an a cappella rendition of “America the Beautiful.”
Fans clad in the wavy, flag-inspired stripes of the U.S. national team chanted “USA!” next to France and Paraguay supporters — all of them in the red, white and blue colors of the flags of all three countries. Their chants in the sweltering afternoon heat were only ****** led by the roar of a flyover of VFA-11 and VFA-81 squadrons from Naval Air Station Oceana in Virginia Beach, Virginia. On the field, banners were unfurled to reveal words from the Declaration of Independence, which was adopted by the Continental Congress in Philadelphia on July 4, 1776.
America’s 250th birthday was also celebrated in Houston, where Morocco beat Canada earlier Saturday in the World Cup Round of 16. About 45 minutes before the game, video boards featured a message from astronauts aboard the International ****** e Station wishing fans a happy July Fourth.
Later, a circular banner with the number 250 and stars and stripes printed on it was unfurled at midfield as “America the Beautiful” played. “The Star-Spangled Banner” was then performed before the banner was removed so that the flags of Canada and Morocco could be placed on the field for their national anthems.

Kate Middleton recently reportedly held a private meeting with a high-profile American guest, Melinda French Gates, at Windsor Castle. The interaction highlights the British royal's efforts to stay busy despite the lack of scheduled public engagements.
The Princess of Wales hosted Melinda French Gates at Windsor Castle on Tuesday, June 23, 2026. Middleton met with the philanthropist in her role as patron of the Royal Foundation. Co-founded by her husband and fellow patron, Prince William, it addresses issues like early childhood, homelessness, conservation, and mental health. Court Circular, the official record of past royal engagements, later recorded this meeting.
However, the specifics of their get-together are unclear. Moreover, photographs were also not shared. It's likely that they convened to discuss charity. Gates, who formerly co-founded the Gates Foundation with her ex-husband and Microsoft co-founder, Bill Gates, before resigning from her role as co-chair, represented Pivotal Ventures. This is a group of organizations focused on accelerating the pace of social progress for women and youth, both in the United States and around the world.
This marked Gates and Middleton's second face-to-face interaction. They previously got together for a private discussion at Windsor last year, around June 2025. In it, Middleton represented the Royal Foundation.
Notably, the meeting is reportedly an example of Middleton's private approach to royal life. While speaking with ****** o! Magazine's A Right Royal Podcast, Catherine Mayer, who authored the book, Divide & Rule, noted that Middleton has smartly "[adapted] to the institution."

With a market cap of $23.3 billion, Smurfit Westrock Plc (SW) is a leading sustainable packaging partner, offering an extensive portfolio of innovative packaging solutions worldwide. With more than 500 packaging and support facilities, 57 mills, and operations across 40 countries, the company combines global scale with deep industry expertise.
Companies valued at $10 billion or more are generally considered "large-cap" stocks and Smurfit Westrock fits this criterion perfectly. Committed to the circular economy, Smurfit Westrock uses renewable, recyclable, and recycled materials to create sustainable packaging solutions that support customers and the environment.
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Saint Petersburg, Florida-based Jabil Inc. (JBL) provides engineering, manufacturing, and supply chain solutions. Valued at a market cap of $39.2 billion, the company's expansive product and service capabilities span complex electronic design, industrial design engineering, rapid prototyping, and automated ***** embly, as well as advanced circular economy fulfillment and global logistics management.
Companies valued at $10 billion or more are typically classified as "large-cap stocks," and JBL fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the electronic components industry. The company's primary strength stems from its highly adaptable, ***** et-light operational model and its massive, intelligent global procurement network, which insulates Jabil and its partners from severe supply chain bottlenecks and localized macroeconomic shocks.
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On the eve of Scotland’s group stage matchup against Morocco at 6 p.m. Friday at Boston Stadium, Providence’s section of the now-beloved Tartan Army made its biggest donation of the World Cup.
Hundreds of doctors and members of the Tartan Army gathered in the outdoor garden of Hasbro Children’s Hospital to celebrate the Tartan Army’s donation of $10,000 to the facility.
“The Providence Tartan Army are delighted and proud to be able to support this place and what it stands for because it aligns 100 percent with our values,” Providence Tartan Army member Ian ***** said. “When the Tartan Army comes — some people say invades — we sing, we make friends and we hope to leave a place just a little bit better than we found it.”
The ceremony started with a march in which bagpipers and drummers led the more than 100-person army to the outdoor garden. The large group outlined the circular garden when the march had finished.
After a brief introduction, Providence Mayor Brett Smiley talked about the significant impact the Tartan Army has had across Providence in such a brief amount of time.

More shelter and extra seats will be provided at this year's Royal Ascot, with the 5-day event starting on Tuesday.
An additional 1,580sqm of shade and rain cover has been installed, while 1,789 more seats have been provided - an increase of almost a fifth from last year.
A new circular structure, which has been used at the Tomorrowland music festival in Belgium, has also been installed in the Village enclosure.
Spokesperson Will Aitkenhead said the extra seating was "due to customer feedback from last year".
In 2025, dozens of people required medical ******* istance because of heat-related illness.

Lexie Hull's pregame outfit still has Fever fans talking a day later originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Winning games has become a habit for the Indiana Fever. Turning heads before those games might be becoming a habit for Lexie Hull. More than 24 hours after Indiana's 83-71 Commissioner’s Cup victory over the Atlanta Dream, Fever fans were still buzzing about Hull's eye-catching pregame outfit that quickly became one of the most talked-about tunnel looks of the week.
The Fever guard has quietly developed a reputation as one of the WNBA's most consistent fashion standouts, and her latest appearance may have raised the bar yet again.
Arriving at Gainbridge Fieldhouse before Thursday night's matchup, Hull stepped out in a bright yellow matching set that immediately grabbed attention. The look featured a strapless fitted top and matching mini skirt, accented by a row of circular cutouts down the center that gave the outfit a distinctive flair.
She completed the look with platform heels and a colorful knit handbag, creating a bold combination that stood out even among the increasingly competitive world of WNBA tunnel fashion.

Why are short sellers comparing Nvidia to Enron?
What specific vendor financing allegations is Nvidia facing?
What broader AI market concerns do critics raise?
How is Nvidia defending against these market concerns?
Nvidia (NVDA) sent a memo to Wall Street **** ysts over the weekend arguing that it is not engaged in vendor financing, a controversial practice in which suppliers invest in or extend loans to their own customers.

https://finance.yahoo.com/...

Nvidia's (NVDA) latest AI partnership with Microsoft (MSFT) and Anthropic underscores the chipmaker's torrid pace of dealmaking this year, even as circular artificial intelligence agreements have set off alarm bells among investors.
Nvidia invested $23.7 billion in firms in the ***** e through 59 deals between the start of 2025 and Monday, according to Pitchbook data. For the entirety of 2024, Nvidia inked a total of 54 deals worth $22.8 billion.
Nvidia’s investments in AI firms — totaling roughly $53 billion and amounting to 170 deals between 2020 and 2025 — span the entire AI ecosystem, ra