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Homeowners Don't Want to Sell, So Home Builders Are Booming
High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was
Antitrust Enforcers Issue Blueprint for Challenging More Mergers
Draft guidelines target deals involving technology platforms, private-equity practices and harm to workers. Source link
AT&T Halts Plans to Remove Lead Cables in Lake Tahoe
Company estimates lead-clad cables represent less than 10% of its legacy phone network. Source link
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
Microsoft and Activision Blizzard Still Committed to $75 Billion Merger
The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches. Source link
One Equity Investigated by SEC
The Securities and Exchange Commission is investigating whether private-equity firm One Equity Partners’ communications with investors about its past and future performance violated rules. Source
Oddity Prices Closely Watched IPO Above Expectations
Beauty company sells more shares than planned, signaling investors may be ready to write checks for new companies again. Source link
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
European Spyware Firms Threaten Digital Security and Privacy, U.S. Says
The Biden administration bans Cytrox and Intellexa from receiving U.S. technology amid rising concern over hacking tools Source link
Noom Picks Veteran Tech Executive as CEO
Geoff Cook would manage the digital-health platform as the company looks to seize on surging interest in weight-loss treatments. Source link