Yahoo Finance S&P 500 nears all-time highs as consumer spending, Fed in focus
You can’t keep this market down for long. Stocks rebounding near all-time highs. With the consumer spending and a big jobs report coming up, is good news finally back to being — good news? Catch The Final Round at 4 p.m. ET with Jen Rogers and Editor-in-Chief Andy Serwer.
Apple September 7 event confirmed, tax troubles ahead?
Apple confirms its big September 7 event — with “See you on the 7th” as the only text on the invitation, obviously alluding to the iPhone 7. Can big changes here for the iPhone 7 be enough to move the needle? Plus, Reuters reports the EU is going to rule against Apple’s tax deal with Europe, meaning a tax bill of close to 1 billion euros could be coming.
Winners and losers
Stocks on the move lower to start the week include Core-Mark Holding after the convenience store distributor lost a big contract with chain Circle K; Caesars Entertainment Group as a federal judge ruled the Caesars Palace operator will have to face bondholder lawsuits; and Adamis Pharmaceuticals — the drugmaker’s shares slipping after Mylan announced a generic version of the EpiPen; Adamis was looking to offer an EpiPen alternative.
Shares in the green today include Herbalife after Carl Icahn bought more shares, to Bill Ackman’s chagrin; Micron Technology as both Deutsche Bank and Stifel lift price targets for the chipmaker; and Inovio Pharmaceuticals — shares climbing after the biotech firm announced it has initiated a clinical study of its preventative Zika vaccine in Puerto Rico, where the outbreak has been declared a public health emergency.
Bill Weld makes the Libertarian case
In this year’s presidential election, it looks like anything can happen. Democrat Hillary Clinton and Republican Donald Trump are two of the most unpopular major party candidates in history. That has many people looking at alternatives like the Libertarian candidate, former New Mexico Governor Gary Johnson. Jen Rogers sat down with his running mate Bill Weld, the former Republican governor of mostly Democratic Massachusetts for much of the 1990s.
