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MarketWatch First Take: Intel confirms it will be a long slog for its foundry business

Intel tells Wall Street analysts that the first customer for its foundry business will likely be announced in the second half of this year.

SportsWatch: Here’s how much Victor Wembanyama and other 2023 NBA draft picks will earn on their rookie contracts

Victor Wembanyama will make an estimated $54 million from his rookie contract, if he's selected No. 1.

The Fed: Fed should leave interest rates unchanged for the rest of the year, Bostic says

Atlanta Fed President Raphael Bostic on Wednesday said his baseline view is that the central bank's holds interest rates steady for the rest of the year.

The Tell: Deutsche Bank sees U.S. inflation improving by more than Fed expects this year

Deutsche Bank expects the Federal Reserve's favorite inflation gauge to fall further than the central bank thinks by year-end.

In One Chart: Here’s how investors will know if the stock-market rally has legs, even if the S&P 500 slides further

The S&P 500 is set to log its third-straight daily drop on Wednesday, its first such losing streak since May 4, according to FactSet data, but that doesn't mean the index's "bullish breakout" is canceled. More likely, it's just getting started.

: Investors are still evaluating ‘one-of-a-kind’ Virgin Galactic, says space consulting firm Caelus Partners

“The recent stock moves reflect the difficulty for investors trying to evaluate a one-of-a-kind company,” says Micah Walter-Range of Caelus Partners.

: Nearly 22 million households spend more than they can afford on rent, Harvard report says

Low-income households and households of color are especially affected.

: Despite high prices, Americans are looking at pricier dining options — and other fun events

Between March 2021 and March 2022, Americans started looking for more dining and entertainment options. That trend accelerated over the past year.

: The cost of building a new home is rising at an ‘unprecedented rate,’ Bank of America says

The median sale price for a new house in the U.S. hit $457,800 in 2022, according to a Bank of America report.

In One Chart: Wait for T-bills to cheapen as Treasury keeps up issuance deluge, says BofA Global

'Our core message to front end investors: be patient in the face of elevated supply,' says BofA Global rates strategists.

The Ratings Game: A Microsoft in the making? Oracle’s cloud momentum is giving one analyst flashbacks.

With its $330 billion-plus valuation, Oracle is hardly small. But might it be a "mini Microsoft?"

The Fed: Goolsbee says Fed has to ‘do more sniffing’ on inflation before raising rates again

The Chicago Fed chief said the vote to skip an increase in interest rates last week was a "close call" and he's not sure if he would support a hike in July.
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