Date: 2018-08-08 00:00:00
S&P 500 (SPY) — open: 285.39, high: 286.01, low: 285.24, close: 285.58, volume: 43196600, daily change: 0.0033
News headlines:
China Consumer Inflation Hits Four-Month High
GE to Sell Energy Debt Finance Business
Richmond Fed President Says Continued Low Interest Rates Are Tough to Justify
Luxury Hotel Group Eyes Sale
Slack Nears Close of Financing Round at $7 Billion Valuation
Oil Prices Plunge as Stockpiles Jump
The Money Laundering Hub On the U.S. Border? It’s Canada
Puerto Rico Bondholders Agree on Sales-Tax Split
Letgo Receives $500 Million More From Naspers
Reserve Bank of New Zealand Pushes Back Expected Rate Changes
Upstart Poaches GE Executives as It Chases Predix Customers
U.S. Dollar Edges Lower Amid Focus on Japan
Hostess Sales Suffer as Walmart Rearranges Shelves
Mylan to Re-Evaluate Strategy as Sales in North America Slide
Stech’s Take: New TMA CEO Scott Stuart Brings Diverse Background
Toys ‘R’ Us Settlement With Creditors Wins Court Approval
Madoff Feeder Fund Seeks Sale of Liquidation Claim
Bankrupt Retailer Samuels Jewelers Seeks a Buyer
U.S. Stocks Waver, Pressured by Utilities and Energy Firms
Stech’s Take: New TMA CEO Scott Stuart Brings Diverse Background
Gold Drifts on Dollar; Aluminum Bounces
The Role of Contagion in the Transmission of Financial Stress
Stop & Shop Owner Ahold to Streamline U.S. E-Commerce Platforms
Domino Data Raises $40 Million for Data-Science Tools
Good Catch Lands $8.7 Million Series A for Fish-Free Seafood
Third Rock, Takeda Launch Regenerative Medicine Startup for Liver Diseases
Pricey Housing Markets in West Are Cooling Off Most Quickly
CVS Chief: Don’t Blame Us for Higher Drug Prices
IRS Cracks Down on the ‘Crack and Pack’
Southern Co. Earnings Hurt by Cost Overruns at Nuclear-Power Plant
Puerto Rico Loses Challenge to Board Overseeing Its Spending
Investors Doubt Turkey Will Easily Fall Into IMF Safety Net
Sinclair Profit Drops on Higher Expenses
Insys to Pay $150 Million to Settle Justice Department Investigation
HNA Unit Raises $2.2 Billion Selling Stake in Aircraft Lessor
Online Pharmacy Capsule Looks to Expand Nationwide
Casper, a Web Pioneer, to Open 200 Stores
Traders Pile Into Bets That Stock Rally Will Continue
Miners Spend on Shareholders, Not Projects
Zinsli’s Take: A Top-Down Approach to Growing the Agtech Sector
Crowdfunding Exits, Despite Profits, Spur Headaches for Some Investors
Timiraos’s Take: What Worries Powell? Cyberrisks, Not Credit Bubbles, Rank High
Facing a Critical Shortage, Airlines Scramble to Hire New Pilots
Goldman Sachs in Talks to Buy a Tanker of Liquefied Natural Gas
Ultralow Rates Hit Italians’ Incomes More Than Germans, Says ECB
Axios to Create Limited-Run Series for HBO
‘We Are at the Limit’: Trump’s Tariffs Turn Small Businesses Upside Down
Ford Bid to Reverse China-Sales Drop Starts With New SUV
China’s Imports Jump as It Digs In for a Trade Fight
Glencore Notches Record Profit on Commodities Recovery
Disney Lays Out Plan to Fight Back Against Streaming Giants
Bank of Thailand Holds Interest Rates Steady
San Francisco Retailer Gump’s Files for Chapter 11
Not Just Trade: Interest Rates Are Also Dragging China’s Yuan Down
Randles’s Take: Lucky Dragon Bankruptcy Puts EB-5 Investments in Limbo
Whole Foods Launches Online Grocery Pickup
RBA Gov Expects Next Move in Rates Likely Up
Market direction: Neutral