Bank Stocks Make a Comeback After Sharp Sell Off

Since the end of June, five of the six largest U.S. banks have outperformed the S&P 500's 13% gain. Shares of Morgan Stanley and Goldman Sachs are up 20% and 19%, respectively.

 
Kohl's Cuts Outlook Blaming Inflation. The Stock Is Down.

The company said sales are now expected to decline to a range down 5% to down 6% in 2022 from the prior year.

 
Browsers Are Back in the Antitrust Hot Seat

Google's Chrome and Apple's Safari browsers have escaped the brunt of antitrust attention so far, but competitors have grown more vocal in their complaints to regulators.

 
Tether Switches Accounting Firm

The biggest stablecoin issuer has been promising a full audit of its investments since at least 2017 but has yet to deliver.

 
Renesas Will Drive Around the Chip Downturn

With the increasing automation of cars, the semiconductor maker looks likely to cruise through to more clement weather.

 
Rising Rates Put Squeeze on Fintech Lenders

Lenders such as Upstart, Mosaic and Carvana are finding money harder to come by as the Fed's rate-hiking campaign affects all corners of the economy.

 
Ending Bad Cholesterol With a Single Injection-an Opportunity for the Brave

Verve's effort to lower patients' levels of bad cholesterol with a single injection is gradually making clinical progress and would be a significant upgrade from statins and other medicines currently available.

 
Americans Spent More Time Streaming Than Watching Cable TV in July-a First

Americans spent more of their TV-viewing time streaming content on services like Netflix, YouTube and HBO Max than they did watching cable TV, according to Nielsen.

 
Geely Automobile Profit Falls on Higher Costs

The Chinese car maker expects sales and profitability in the second half to be pressured by intense competition in the China auto market, rising raw-material and battery prices and a global shortage of chip supply.

 
Galaxy Entertainment Swings to Loss  as Lockdowns Weigh

Galaxy Entertainment Group swung to a net loss in the first half as revenue and profitability plunged, worsened by a temporary suspension of its Macau operations in July.

(END) Dow Jones Newswires

August 18, 2022 09:15 ET (13:15 GMT)

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