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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
Stocks Slip as Fed Minutes Reinforce Rate Expectations
Major stock indexes edged lower after the release of the Federal Reserve’s June meeting minutes and weak economic data out of China. Source link
EV Sales Growth in First Half Slowed From Torrid Pace
Rising inventory on dealership lots will offer test of future demand for electric vehicles. Source link
Home-Builder Stocks Are Booming as Homeowners Stay Put
The top three publicly traded builders have seen their share of new-home sales rise from 22% to 31% over roughly the past five years. Source
The AI Boom Isn't Breaking the Memory-Chip Slump—Yet
Samsung Electronics forecast a 96% drop in its operating profit for its second quarter—a sign that even the world’s largest maker of memory chips isn’t
Stocks Withstand Earnings-Day Declines From Goldman Sachs, Johnson & Johnson
Bank of America was among the other big companies reporting Tuesday. Source link
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Source link
Lockheed Martin Wrestles With Supply-Chain Issues to Arm Ukraine
Sales of the defense company’s long-range missiles known as the Guided Multiple Launch Rocket System fell in the latest quarter from a year ago. Source