Daily Stock Market Update — Thursday, Aug. 16
The S&P 500 rose 22 points to 2,841; Dow Jones jumped 396 points to 25,559; Nasdaq rose 32 points to ...
Sales Boom in Walmart Stores and Online; Musk Proposes LA Tunnel to Dodger Stadium
Average US mortgage rates fall; 30-year at 4.53%; Housing starts rose slight 0.9% in July.
J.C. Penney Stock Tanks After Massive 2Q Losses
The company also cut its full-year forecast again as its shares plunged 24 percent Thursday morning.
Tighter Regulations Could Take Big Bite Out of Airbnb Profits
The short-term rental company is offering a counter-measure: a $10 million contribution to charities.
SEC Subpoenas Tesla About CEO’s Bombshell Buyout Announcement
Musk surprised investors with an Aug. 7 tweet announcing he has the financing to buy all of Tesla's stock.
Constellation Brands Invests in Cannabis Company Canopy Growth
The Corona maker will pay $4 billion in Canopy with the option to expand its stake even further.
Uber Narrows Quarterly Loss In Lead Up to Planned IPO
Gross bookings on the ride-hailing service brought in $12 billion, up 41 percent from a year ago.
Macy’s Raises Profit Forecast, Shares Still Plummet 12%
Shares tumbled in their biggest one-day drop in over a year, perplexing analysts.
Retail Rebound: Sales Rise ‘Robust’ 0.5% in July
On average, Americans are saving more, which may encourage future spending.
US Productivity Grows at Fastest Rate in Three Years
It was the strongest advance since a 3.1 percent gain in the first quarter of 2015.
Here’s How the US Federal Reserve Created Turkey’s Economic Crisis
The flight of capital into higher-yielding U.S. investments has sent emerging-market currencies tumbling.
Warren Buffett Increases Stake In Apple, Dumps These Stocks
Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March.
Coca-Cola Investing in Sports Drink Maker BodyArmor
BodyArmor will get access to Coca-Cola's bottling system, which could help increase distribution.
Icahn Ends Campaign to Stop Cigna/Express Scripts Merger
Health insurer Cigna added 1.7 percent and Express Scripts picked up 1.8 percent.
2 Ways to Trade Turkey
These kinds of setups where trades can be structured to take in so much credit is rare.
China Complains After Trump Expands Scrutiny of Foreign Investments
Other governments including Germany and Britain also are uneasy about rising Chinese investment.
German Economy Continues to Grow Despite Trade War Tariffs
In year-on-year terms, the economy expanded by 2.3 percent in the second quarter.