High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
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TSMC Delays Start of First Arizona Chip Factory, Citing Worker Shortage
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Mining Deploys Innovative Tech to Find Copper, Other EV Metals
Miners are turning to machine learning, cutting-edge chemistry and other innovative means to increase the supply of critical materials such...
Tesla Profit Jumps 20% as Price Cuts Help Lift Deliveries
The EV maker sought to boost demand with less expensive offerings, but Chief Executive Elon Musk cautions more reductions may...
Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth
The streaming giant says the Hollywood strikes will lead to less content spending and increased free cash flow this year....
Microsoft and Activision Blizzard Extend $75 Billion Merger Deadline
The extension, until mid-October, allows the companies to continue with efforts to gain regulatory approval in the U.K. Source link
Microsoft and Activision Blizzard Still Committed to $75 Billion Merger
The companies plan to continue work to resolve lingering regulatory issues. Source link
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing...
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
U.S. Companies Score Partial Reprieve From Global Minimum Tax Deal
Changes to the deal will delay or reduce taxes set to be paid to foreign countries. 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...
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....
China’s Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June,...
Tom Cruise’s New ‘Mission: Impossible’ Falls Short of Other Summer Hits
The film’s opening-weekend results lagged behind the performances of Spider-Man and other franchises. Source link
Call of Duty Will Stay on PlayStation After Microsoft-Activision Deal
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A Buoyant Global Economy Is Starting to Sag
Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt...
Markets Appear Convinced the Fed Can Pull Off a Soft Landing
Stocks surged this past week on evidence that inflation is cooling. Source link
United Pilots Would Get Raises of Up to 40% Under Preliminary Deal
The pact follows agreements at Delta and American that included significant raises for pilots. Source link
Canada Woos American H-1B Visa Holders Fed Up with U.S. Immigration System
A move to start offering work permits to foreigners on U.S. H-1B visas seizes on the frustrations of many in...
