- Consumer prices fell in June, raising hopes for interest rate cuts. The Federal Reserve Chair called out the risks of keeping rates high for too long.
- The Magnificent 7 took a sizable hit. Microsoft and Apple ditched OpenAI board seats. AT&T and Ticketmaster acknowledged sizable data breaches. Samsung workers extended their strike indefinitely.
- Tesla’s market share fell below 50%, and it delayed its robotaxi launch.
- Citigroup and JPMorgan posted strong quarterly results, but Wells Fargo disappointed.
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Investors seeking dividend dependability to generate solid passive income streams may be drawn to Altria Group Inc. (NYSE: MO) and these other Dividend Kings.
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