Tuesday Afternoon Links

[CNBC] S&P 500 falls into the red as unraveling Iran situation overhangs market: Live updates

[AP] US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

[Reuters] Auto loans hit record high and some other consumer debt rising, New York Fed says

[CNBC] Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds

[Axios] Why "chipflation" is here to stay

[Bloomberg] Nvidia Credit Risk Eases After CEO Clarifies $500 Billion Plan

[Bloomberg] Chicago Mayor Demands Data Center Moratorium After Backlash

[Bloomberg] Key US Munitions Are ‘Dangerously Low,’ Bloomberg Economics Says

[NYT] The Perils of Wall St.’s Race to Pour Billions More Into A.I.

[WSJ] Behind High Credit-Card Delinquencies: Stale, Charged-Off Loans