Iran says Hormuz route agreed with Oman NATO pledges urgent air defences after Kyiv strike kills 17 China answers US tech curbs with sanctions and drone export controls WFP forecasts 50 million more people in acute hunger as El Niño builds Relatives search for missing as Ceuta death toll nears 100 Houthis claim strikes on two Saudi tankers in one day Ebola outbreak outpaces response in Congo, WHO says Netanyahu says Israel did not agree to US-backed Gaza plan US refunds about $100bn of Trump tariffs after Supreme Court ruling Germany treats Leipzig drone bomb as professional hybrid threat Trump says he prefers a deal as US and Iran redraft Hormuz terms Meta reports AI model hacked outside firm during test Record low Rhine halts freight as heat strains Europe's power plants Reports detail US munitions depletion as Iran campaign pauses Israel strikes southern Lebanon, killing one Ukrainian strike on Kursk industrial site kills four UN reports rising Afghan child deaths as food aid is cut Pentagon drafts nuclear strategy leaning on tactical weapons Reports put hundreds of Yemeni civilian casualties from US strikes US and Japan keep buying yen as currency holds near 157 Car bomb critically injures Russian drone maker's chief Google AI leadership reshuffled as chief scientist and three colleagues leave Ukraine says Russia is fielding a North Korean missile unit Taiwan starts ten-day drills and throttles mobile internet Putin reshuffles Defence Ministry command to push drone warfare Nigeria frees 308 kidnapping victims US hawks push multibillion-dollar Taiwan arms deal before Xi summit Cyberattacks hit water systems in 12 US states Iraq struggles to pay salaries as Hormuz crisis cuts oil exports Japan tests longer-range anti-ship missile as Kim Yo Jong warns of response Aerial war expands as the ground front stays frozen Hedge funds nurse July losses as 'Sell America' debate returns Turkey's ruling party submits PKK dissolution bill to parliament Trump AI safety guidelines reported to exempt Chinese models Chinese bomber shown with nuclear-capable missile as warships sail near Japan Lula condemns US revocation of Brazilian ambassador's visa Russia accuses Ukraine of endangering Zaporizhzhia nuclear plant US private payrolls add 44,000 as Fed's Cook signals possible rate rise CIA sets up secret task force targeting Cuba Cloudbursts destroy homes and crops in Kashmir's Pir Panjal Meta releases AI coding agent Saudi-led group completes $55bn Electronic Arts takeover US deportation orders hit record as judicial removals triple Pakistan bars international media from reporting in most of the country Iran buries strike victims and prepares court cases against US and Israel Cuba hit by seventh nationwide blackout of the year El-Sayed wins Michigan Democratic Senate primary on strong night for the left Xi faces gaps at top of PLA after purge of generals FDA approves Moderna's mRNA flu vaccine Israeli forces raid Qalandiya refugee camp in occupied West Bank Iran says Hormuz route agreed with Oman NATO pledges urgent air defences after Kyiv strike kills 17 China answers US tech curbs with sanctions and drone export controls WFP forecasts 50 million more people in acute hunger as El Niño builds Relatives search for missing as Ceuta death toll nears 100 Houthis claim strikes on two Saudi tankers in one day Ebola outbreak outpaces response in Congo, WHO says Netanyahu says Israel did not agree to US-backed Gaza plan US refunds about $100bn of Trump tariffs after Supreme Court ruling Germany treats Leipzig drone bomb as professional hybrid threat Trump says he prefers a deal as US and Iran redraft Hormuz terms Meta reports AI model hacked outside firm during test Record low Rhine halts freight as heat strains Europe's power plants Reports detail US munitions depletion as Iran campaign pauses Israel strikes southern Lebanon, killing one Ukrainian strike on Kursk industrial site kills four UN reports rising Afghan child deaths as food aid is cut Pentagon drafts nuclear strategy leaning on tactical weapons Reports put hundreds of Yemeni civilian casualties from US strikes US and Japan keep buying yen as currency holds near 157 Car bomb critically injures Russian drone maker's chief Google AI leadership reshuffled as chief scientist and three colleagues leave Ukraine says Russia is fielding a North Korean missile unit Taiwan starts ten-day drills and throttles mobile internet Putin reshuffles Defence Ministry command to push drone warfare Nigeria frees 308 kidnapping victims US hawks push multibillion-dollar Taiwan arms deal before Xi summit Cyberattacks hit water systems in 12 US states Iraq struggles to pay salaries as Hormuz crisis cuts oil exports Japan tests longer-range anti-ship missile as Kim Yo Jong warns of response Aerial war expands as the ground front stays frozen Hedge funds nurse July losses as 'Sell America' debate returns Turkey's ruling party submits PKK dissolution bill to parliament Trump AI safety guidelines reported to exempt Chinese models Chinese bomber shown with nuclear-capable missile as warships sail near Japan Lula condemns US revocation of Brazilian ambassador's visa Russia accuses Ukraine of endangering Zaporizhzhia nuclear plant US private payrolls add 44,000 as Fed's Cook signals possible rate rise CIA sets up secret task force targeting Cuba Cloudbursts destroy homes and crops in Kashmir's Pir Panjal Meta releases AI coding agent Saudi-led group completes $55bn Electronic Arts takeover US deportation orders hit record as judicial removals triple Pakistan bars international media from reporting in most of the country Iran buries strike victims and prepares court cases against US and Israel Cuba hit by seventh nationwide blackout of the year El-Sayed wins Michigan Democratic Senate primary on strong night for the left Xi faces gaps at top of PLA after purge of generals FDA approves Moderna's mRNA flu vaccine Israeli forces raid Qalandiya refugee camp in occupied West Bank

Symbolic image: Hedge funds nurse July losses as 'Sell America' debate returns

Symbolic image

Hedge funds nurse July losses as 'Sell America' debate returns

2 sources

US hedge funds took a heavy hit in July from the selloff in artificial intelligence stocks, and JPMorgan says retail investors may now carry more weight in the tech trade, Bloomberg reported. Doubts about US policy have revived the 'Sell America' argument, while The Economist warns governments are making a dangerous bet on the AI boom.