The nation’s trade deficit fell 4% in June to $65.5 billion due to declining demand for imported goods, perhaps a sign of weakening in the U.S. economy.
The Fed: Fed may be at point where it can be patient and hold rates steady, Harker says
The Federal Reserve could be at the point where it doesn’t need to raise interest rates further, said Philadelphia Fed President Patrick Harker, on Tuesday.
: America’s cities have a ‘once-in-a-generation’ opportunity to convert office space to apartments — now comes the hard part
The great conversion could produce 171,470 new apartments, New York University and Columbia University researchers said.
The Ratings Game: Palantir’s AI story will require patience, analysts say as stock moves lower
Palantir shares have surfed a wave of enthusiasm for generative AI, but analysts say investors have to wait to see that opportunity fully manifest in results.
: Novo Nordisk’s Wegovy shows positive results in reducing risk of cardio events, not just weight loss
Obesity drug shows positive results in tackling some of the other health issues caused by being overweight.
In One Chart: German exports to Russia’s neighbors have surged
Curiously, exports from EU countries to Russia’s neighbors have surged, despite an array of sanctions on Russia.
Outside the Box: This is what tech companies, from Amazon to Apple, just told investors about AI
These companies fared best in the second quarter and have the most compelling AI story for the long term.
Peter Morici: Home buying and stocks are still attractive even with interest rates likely to stay above 5%
Many sectors that higher rates should have slowed are proving stubborn.
Earnings Results: Datadog’s stock plummets as company whiffs on revenue forecast
Datadog delivered a weaker revenue forecast for the third quarter and the full year than analysts were modeling.
Your Digital Self: Tesla’s $25,000 mystery car could open new roads for the EV maker and for drivers
Lost-cost Tesla should appeal to price-conscious buyers and could be a prototype for Tesla’s Robotaxi.
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