Date: 2016-08-22 00:00:00
S&P 500 (SPY) — open: 218.31, high: 218.75, low: 217.74, close: 218.54, volume: 75443000, daily change: -0.0015
News headlines:
Oil Prices Slip as Iraq Prepares to Export More
Asian Shares Mixed
Quanergy Raises $90M, Brings Valuation to $1.59B for Self-Driving Tools
LendUp Raises Funds for Subprime Credit-Card Push
Pfizer Adds Key Cancer Drug With $14 Billion Medivation Deal
Energy Sector Drags Down Stocks
MetLife Backed by State Insurance Regulators in ‘SIFI’ Case
RBNZ Committed to Inflation Targets, Governor Says
Allied Minds, Bristol-Myers Joint-Venture Unit Raises $15M
Zoe’s Kitchen Shares Fall as Guidance Is Cut
Former Fed Staffer, Activists Detail Plan to Overhaul Central Bank
The Big Number
U.S. Loses Appeal of Decision Tossing Bank of America Fine
Regulatory Report Addresses Lack of New Banks
Wells Fargo to Pay $4 Million to Settle Student-Loan Servicing Probe
Canada’s Desmarais Clan: A New Generation Takes Control
Dollar Rises on Higher Interest-Rate Prospects
New York Says ‘Work Is Not Done’ on GE’s Hudson Cleanup
Columbus Steel Factory Faces Permanent Shutdown
Hot Weather Pushes Natural Gas to Two-Week Highs
Oil Prices Fall on Supply Expectations
Companies Responding to Panama Papers Risks, Study Finds
Help Wanted: Office Supply Chain CEO
U.S. Farmers See Possible Benefits in Syngenta Deal
Theme Parks Begin to Sprout in Persian Gulf Countries
Valeant Names Zoetis Executive as CFO
Couche-Tard to Buy CST Brands for About $3.7 Billion
GOP Lawmakers Urge Treasury to Rethink Corporate Debt Tax Proposal
Daimler to Give BAIC its Old Mercedes E-Class Platform
Activist Investor Seeks to Replace Entire Williams Board
Univision to Pay Gawker Founder Nick Denton Not to Compete
Quick Hits: ECB Keeps Buying; Hungary Central Bank Likely on Hold
LendUp Raises Nearly $50M for Subprime Credit-Card Push
Halcón Moves Toward Chapter 11 Finish
What Regulatory Reform Should Look Like
Pfizer’s Medivation Deal Latest in Long Line of Similar Acquisitions
Cybersecurity Concerns Hold Back Use of Mobile Banking
Lebanese Canadian Bank Shareholders Sue Deloitte’s Mideast Member Firm
Political Risks Loom Large on European Markets
Stability at India’s Central Bank
VoxEU Post Looks at Financial Spillover Risks
Marathon Oil CFO Departs
Canadian Bank Earnings: What to Watch
Target Cuts Ties With India Textile Company
Chicago Fed National Activity Index Rises in July
Life Partners Customers Face Tough Investment Decisions
ChemChina-Syngenta Deal Clears U.S. Security Review
Dollar Strengthens on U.S. Outlook
New York REIT to Liquidate
The Internet of Things Is Here, and It Isn’t a Thing
Eli Lilly, AstraZeneca Progress With Alzheimer’s Drug
Tracy’s Take: MetLife Case Puts Cost-Benefit Analysis on Trial
Amylyx Pharmaceuticals Raises $5M Series A for ALS Clinical Trials
Garland’s Take: Early-Stage VCs Get Back to Business
Tracy’s Take: MetLife Case Puts Cost-Benefit Analysis on Trial
Hilsenrath’s Take: Is the Fed Prepared for the Next Recession?
Subscriber Exodus
BlueScope Steeled by Turnaround Despite China Glut
Asian Shares Mixed as Traders Look to Jackson Hole
Pfizer Nears Agreement to Buy Medivation
Corrigan’s Take: Caesars Seeks Extension of Bankruptcy Shield
Corrigan’s Take: Ceasars Seek Bankruptcy Shield Extension
Asian Stocks Locked in Pre-Yellen Limbo
Kobe Bryant and Jeff Stibel Unveil $100 Million Venture Capital Fund
Market direction: Neutral