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Sales of previously owned US homes rose in July, possibly indicating that lower mortgage rates are finally stimulating sales after a sluggish spring selling season.
Netflix's streaming dominance will face its biggest test this September. Soaring competition is increasingly becoming a threat in the industry.
With the sale of its 40% stake in Ashtead Technology, Forum Energy (FET) will receive $39 million of cash proceeds alongside an $8.5-million loan with a three-year maturity period.
Hormel Foods (HRL) continues to battle input cost inflation in third-quarter fiscal 2019. However, solid pricing and effective promotions offer some respite.
Given falling mortgage rates, the housing space looks attractive with existing homes sales rising on a year-over-year basis for the first time in the last 17 months.
Verizon (VZ) and AT&T (T) are deploying divergent TV service strategies, while Qualcomm (QCOM) inks a new licensing deal with LG Electronics.
Boston Beer (SAM) remains committed to the three-point growth plan. Also, the company's focus on cost savings, long-term innovation, and the revival of Samuel Adams and Angry Orchard brands bode well.