Stocks continued to grind higher, with the S&P 500 rising for a third straight session to within 0.6% below its Jan. 26 record high and the Dow hitting its best level since early February.
Today is a historic day for Greece as nearly a decade of external financial help and the nation’s third bailout comes to an end.
PepsiCo (NYSE:PEP) is acquiring SodaStream (NASDAQ:SODA) for $3.2B, giving the company a new line through which it can reach customers within their homes.
Stocks sprang to life late in today’s trade following a Wall Street Journal report that Chinese and U.S. negotiators are planning talks to try to end their trade dispute ahead of meetings between Pres. Trump and Pres. Xi in November.
According to the Middle East Eye, Turkish officials are prepared to release the American pastor whose house arrest is at the center of the escalating issues between the two countries.
In an emotional interview with The New York Times, Tesla (NASDAQ:TSLA) chief Elon Musk describes “the most difficult and painful year of my career … It was excruciating.”
The SEC is interested in knowing the details about how much information CEO Elon Musk shared with the board prior to his privatization-related tweet last week, writes Emily Glazer. At issue is whether the tweet’s purpose was for nothing more than scorching the shorts.
A former security employee at Tesla (TSLA -0.8%) has filed a SEC complaint against the company.The allegations include theft, failure to disclose information and spying.
Tesla’s (TSLA -0.5%) legal team is bracing the company to face billions of dollars in potential liability from private lawsuits over disclosures, tweets Fox Business Senior Correspondent Charles Gasparino.
Stocks staged a broad rally, helped by news that China and the U.S. will resume trade talks as early as next week after a two-months hiatus.
Teva Pharmaceutical (NYSE:TEVA) is up 5.7% after the FDA approves its generic versions of EpiPen (and EpiPen Jr).
Walmart is melting upwards following a big earnings beat and raised full-year guidance.That, in turn, is helping Dow (NYSEARCA:DIA) futures to a 0.8% advance. The S&P 500 is higher by 0.5% and Nasdaq by 0.65%.
Walmart (NYSE:WMT) tops sales estimates, driven higher by strong sales in the U.S. during the quarter and a 40% pop for e-commerce sales.
The U.S. and China will resume trade talks this month after formal discussions broke down last month to lead to more dueling tariffs. Asian stocks pared early losses after the U.S.-China development, with Hong Kong’s Hang Seng Index shedding 0.6% on the day and the Shanghai Composite peeling off 0.7%. The Nikkei ended the session essentially flat after being down by more than 300 points early. Traders looking at the U.S. have bid up Dow futures by 0.4% and S&P 500 futures by 0.3%.
China is sending a delegation to the U.S. to resume trade talks later in August, a renewal of discussions that broke down a couple of months ago, according to media reports.
Activist Starboard Value LP has taken a position in Symantec (NASDAQ:SYMC) with an eye to seeking five board seats and (clearly) some operational change at the antivirus software maker.
First Analysis downgrades Symantec (NASDAQ:SYMC) to Equal Weight from Overweight and lowers the price target from $35 to $23, a 21% downside to yesterday’s close.
Stocks fell for the fifth time in six sessions, as investors continue to weigh whether trade tensions and an emerging markets selloff could slow the global economy.
Verizon (NYSE:VZ) is closing in on deals with Apple (NASDAQ:AAPL) and Google (GOOG, GOOGL) to be its first video providers as it launches its 5G wireless service, Bloomberg reports.
The S&P and Dow snapped a four-session losing streak amid a rebound in the Turkish lira, which followed a nearly 25% plunge vs. the U.S. dollar in the prior two sessions with an 8% bounce, helping ease concerns over the financial health of lenders with heavy exposure to Turkey.