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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
Cathie Wood's ARK Writes Down Twitter Stake by 47%
Wood is still bullish on Twitter’s long-term outlook and said her fund updates its internal valuations of private companies frequently. 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
Ford Cuts Price of EV F-150 Lightning Truck by Up to 17%
The move came after Tesla reported a surge in second-quarter deliveries that was helped by sharp price cuts and discounts. Source link
For Clues About Carvana's Future, Look to Its Past
Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. Source link
Efforts to Rein In AI Tap Lesson From Social Media: Don't Wait Until It's Too Late
Activists and officials race to shape rules and public understanding of new artificial intelligence tools. Source link
Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’
July 17, 2023 12:00 am ET Listen to article (2 minutes) Europeans are facing a new economic reality, one they haven’t experienced in decades. They
Russia Says It Is Pulling Out of Ukraine Grain Deal
The Kremlin said the deal had been “terminated” but that Russia would rejoin the agreement if its demands were met. Source link
Russia Seizes Assets of Two Western Conglomerates
Russia’s seizure of the local operations of Carlsberg and Danone, two of the world’s largest consumer-goods companies, escalates economic hostilities with the West. Source link