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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
Business

Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition

The world’s richest man has more than once drummed up cash from his empire of companies without having to permanently part with shares. Source link

Why the Fed Isn't Ready to Declare Victory on Inflation
Business

Why the Fed Isn't Ready to Declare Victory on Inflation

Officials remain concerned about whether wages and price growth can slow enough without an economic downturn. Source link

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue
Business

Wall Street Wrestles With Dealmaking, Trading Slump

Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Source link

Stocks Extend Winning Streak as Bank Earnings Spur Optimism
Finances

Stocks Extend Winning Streak as Bank Earnings Spur Optimism

U.S. indexes were boosted by banks as well as artificial-intelligence related companies such as Microsoft and Nvidia. Source link

Bonds Are a Problem, and One Solution, for Bank of America
Finances

Bonds Are a Problem, and One Solution, for Bank of America

Trading bonds is working out better than holding them. Source link

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue
Finances

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue

Results show that Wall Street-style businesses like investment banking and trading are still in the doldrums. Source link

Markets Appear Convinced Fed Can Do a Soft Landing
Business

Markets Appear Convinced Fed Can Do a Soft Landing

Stocks surged this past week on evidence that inflation is cooling. Source link

Markets Appear Convinced Fed Can Do a Soft Landing
Finances

Markets Appear Convinced Fed Can Do a Soft Landing

Stocks surged this past week on evidence that inflation is cooling. Source link

Is the Banking Crisis Over? We Could Be About to Find Out
Finances

Is the Banking Crisis Over? We Could Be About to Find Out

Banks’ earnings for the second quarter will show whether the recent failures of three lenders and a slowing economy are eroding what has been a

Rebound in Rates Puts Pressure on Banks
Finances

Rebound in Rates Puts Pressure on Banks

U.S. banks are poised for a rebound in unrealized losses on their bond and loan portfolios, after a surge in market interest rates. Source link