Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal

US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows With Case-Shiller reporting existing home price declines in half of America's largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May's ugly declines... and they did, but only very modestly. New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May's 7.3% MoM decline was revised up to a mere 4.3% MoM decline. However, this bounce was not enough to get annual...

China's Memory-Chip Challenger Faces A Test Of How Far US Curbs Can Reach ChangXin Memory Technologies is approaching a turning point. The Chinese memory-chip maker has advanced far enough to draw interest from some of the world's largest technology companies, including Apple Inc., which has considered using its chips. But the same growth that has raised CXMT's commercial standing has also made it a more prominent target in the widening technology confrontation between Washington and Beijing. The Pentagon has blacklisted the state-backed company over alleged links to China's military. In South Korea,...

"Analysts have warned that the sell-off in Japanese bonds could lead to higher US Treasury yields and discourage investors from buying U.S. bonds."