Weekly Wrap Up
The S&P 500 finally ended the day above 2000 for the first time in history. Throughout the week it continued to push further into record territory. August is the best months for U.S. stocks since February, partially due to the S&P 500 and the Dow Jones posting gains for 4 straight weeks.
Burger King (BKW) announced this week that they will be merging with Canadian restaurant chain Tim Hortons and relocating their corporate headquarters to Canada. This move will help the fast food restaurant minimize its U.S. tax bill while creating the world’s third largest fast food company. SnapChat also received additional funding this week from one of Silicon Valley’s most powerful investors. The company that created the popular photo app is now valued at $10 billion, much higher than the $3 billion that Facebook (FB) offered.
The Fed Should ‘Give Money Directly to the People’: Economist
For those who want the central bank to do more to try to boost the economy or think its current policies haven’t been effective enough, here’s a novel idea: The Federal Reserve could print money and give it away to the public. (Source: Yahoo Finance) Click here to read the full article
Economic Report: Consumer Sentiment Bounces in August
A gauge of consumer sentiment rose this month, reversing a drop in July, as views on the current economy brightened. (Source: MarketWatch) Click here to read the full article
Digital Ally (DGLY) Stock Up Big on Ferguson Unrest
Shares of Digital Ally Inc. (DGLY) were up +$1.25 or +10.0 percent to $13.75 per share in premarket trading this morning, after having traded as high as $14.50 or up +80 percent yesterday. (Source: InvestorGuide) Click here to read the full article
Splunk (SPLK) Shares Up on Better than Expected Earnings
Shares of Splunk Inc. (SPLK) were trading up +3.70 or +8.19 percent to $49.00 per share in premarket trading on Friday, after the company announced better than expected earnings yesterday after the market close. (Source: InvestorGuide) Click here to read the full article
Salesforce.com Wants to be the New LinkedIn (CRM)
Salesforce.com officially rolled out a new and improved version of its enterprise chat product on Thursday, a tool it calls Community Cloud. And it wants to take on, or at least mimic, LinkedIn with the new product. (Source: Business Insider) Click here to read the full article
What to Expect at Apple’s Upcoming Event
After months of speculation, the world’s most secretive consumer technology company has finally sent out the official invites to an event on September 9, where the unveiling of the iPhone 6 is expected to take place. (Source: Yahoo News) Click here to read the full article
A Smart Necklace from Samsung? Really?
While rumors are heating up that Apple (AAPL, Tech30) may debut the long-rumored iWatch at a big event (that it finally officially announced) on Sept. 9, the maker of iEverything is late to the wearable party. (Source: CNN Money) Click here to read the full article
How to Actually Commit to a Budget: 7 Tips for Success
Making a budget generally the easiest part of getting (and keeping) your finances on track. It’s sticking to the budget you created that can be tricky. (Source: Personal Finance Cheat Sheet) Click here to read the full article
30 Ways to Waste Your Money
Almost all of us have holes in our budgets. And as with other kinds of leaks, you may have hardly noticed some of them. (Source: Yahoo Finance) Click here to read the full article