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Apple has signed a chip supply agreement worth more than $30 billion with Broadcom through 2031, strengthening its long-term partnership with the semiconductor company. The deal is expected to boost Broadcom’s revenue visibility, support US manufacturing expansion and reinforce Apple’s reliance on Broadcom’s wireless connectivity technology.

US homebuilder sentiment unexpectedly weakened in July, falling two points to 34. Elevated mortgage rates and economic uncertainty continue to weigh on housing demand. Builders are increasingly relying on discounts and incentives to boost their sales. A recently enacted housing affordability law aims to increase housing supply. This weaker sentiment could weigh on US homebuilder…