STOCKS RISE: Here's what you need to know
Advertisement
Scott Olson/Business Insider
Advertisement
Here's the scoreboard:
- Dow: 21,330.85, +95.18, (0.45%)
- S&P 500: 2,441.17, +11.78, (0.48%)
- Nasdaq :6,222.95, +47.49, (0.77%)
- Sears is cutting 400 jobs at its corporate offices as it works towards reducing costs by $1.25 billion in fiscal 2017. The cuts will primarily affect workers at Sears' headquarters in Hoffman Estates, Illinois, the retailer said Tuesday. Also, Sears Canada said it was running out of cash and revealed there's "significant doubt" it can stay in business.
- Uber CEO Travis Kalanick will take a leave of absence from the company to "work on myself" and to deal with a recent family tragedy, according to an email he sent to the company. The CEO had been weighing whether to step away from the company, which has been grappling with a series of crises.
- Marissa Mayer has resigned as Yahoo's CEO since Verizon's $4.48 billion acquisition of Yahoo has closed. After running the company for about five years, she'll walk away with a $23 million package.
Additionally:
BANK OF AMERICA: There's one big difference between now and the 1999 tech bubble
A cryptocurrency for weed is soaring in value after it sponsored Dennis Rodman's trip to North Korea
Advertisement
Traders haven't been this nervous about tech stocks in 14 years
Traders are loading up on bets against Apple
GOLDMAN SACHS: Bitcoin is looking 'heavy'
The Trump administration sure sounds like it's getting ready for a government shutdown in September
TIM COOK: There is a 'major disruption looming' for autonomous driving
Advertisement
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance