Tn B. Tech Minute gives you the day's top tech headlines, from the big names in Silicon Valley to the

halls of power. If it's making news in tech, we've got it. Check out Tn B. Tech Minute in the

tech news briefing feed from the Wall Street Journal.

What could the Republican National Convention mean for business and politics in Wisconsin, and why investor demand

for U.S. government bonds is staying strong, despite a growing national deficit.

Treasuries are unique and sort of what's supporting the market is that treasuries are this

tremendously loved asset across the world.

Plus, Senator Bob Menendez is found guilty of corruption charges.

It's Tuesday, July 16th.

I'm Francesca Fontana for the Wall Street Journal.

This is the PM edition of What's News,

the top headlines and business stories that move the world today.

As earning season gets in a full swing, some of America's biggest banks say their

Wall Street businesses boosted their second quarter results.

Here are three main takeaways from the latest quarterly reports. First up, investment banking is on the rebound.

Goldman Sachs, J.P. Morgan Chase, Bank of America, Morgan Stanley, Citigroup, and Wells Fargo,

all posted double digitdigit increases in investment baking revenue.

Second, lower-income consumers are under pressure.

J.P. Morgan, Wells Fargo, Bank of America, and City all say there were signs that more borrowers carried

over credit card balances from month to month in the second quarter, and more fell behind on payments.

J.P. Morgan and Bank of America also stashed away funds for potential consumer loan losses.

And third, many banks got a lift from their asset and wealth management businesses, thanks

...