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Shoppers Likely Spent More Last Month as Inflation Eased
Economists expect June retail sales growth to be the strongest since January. Source link
AT&T Shares Fall to Lowest Price Since 1993
Telecom stocks continue slide after WSJ investigation into toxic lead cables. Source link
Stocks Rise to Kick Off Week of Earnings Reports
Major indexes ride momentum from last week’s encouraging reports on inflation and bank earnings. Telecom shares, however, fell to multiyear lows. Source link
Restricting Chip Sales to China Could Backfire on U.S., Industry Group Says
The potential limits threaten to undermine new government investments in chip-making in the U.S., the Semiconductor Industry Association warns. Source link
Big Banks' Earnings Had Some Bad News for Smaller Banks
Regional lenders due to report results this week will likely be hit harder by rising deposit costs. Source link
Binance Cuts Back Employee Benefits, Citing Decline in Profit
The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items. Source link
H&M Now Wants to Sell You Makeup, Sofas and Crocs
The retailer is moving further beyond its clothing label, doubling down on beauty products, housewares and selling other brands to draw in more shoppers. Source
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for
Stocks Rise for Week as Inflation Fears Calm
The S&P 500 edged lower for the day as bank earnings season kicked off, but finished the week with a broad-based 2.4% gain. Source link
Companies and the Terrible, Horrible, No Good, Very Bad Earnings Season
What the 18th-century economist Adam Smith wrote about self-interest still applies. Source link