Alibaba IPO Valued Near $20B; Kroger to Hire 20,000 More Workers

Weekly Wrap Up


The S&P 500 continued its record setting run, ending with yet another record finish on Friday to close out the week. The August jobs report was released on Friday, and it missed the mark. It was estimated that at least 200,000 jobs would be added last month, but in reality only 142,000 jobs were added in August. The unemployment rate did fall slightly, from 6.2% to 6.1%.

Alibaba is expected to debut its IPO on September 19th, or shortly after. The Chinese internet company is slated to raise around $20 billion from its IPO, with its shares debuting within the $60 to $66 range.
Kroger (KR) announced on Friday that it is looking to hire 20,000 permanent employees as the company continues to grow. While there is no timeline in place as to when all the jobs will be filled, the supermarket chain does hope to fill them as soon as possible.

Economic News


U.S. Job Growth Slips in August After Months of Bigger Gains
With only 142,000 jobs added, August was the first month since January in which the economy failed to add at least 200,000 jobs. Unemployment fell slightly to 6.1 percent. (Source: New York Times) Click here to read the full article

This Was the Perfect Jobs Report for the Bulls
Here's one take on today's Jobs Report: Jefferies strategist David Zervos says the jobs report is "perfect" for risk assets (like stocks). (Source: Business Insider) Click here to read the full article

Business News


Five Stocks to Watch in September
The U.S. stock market ended August with a bang as the S&P 500 index made its fourth record high in five days Friday and ended August +3.8 percent higher, its best monthly gain since February. (Source: InvestorGuide) Click here to read the full article

(JNJ)
Shares of Johnson & Johnson (JNJ) were up +0.03 or +0.03 percent to $103.79 per share in premarket trading early Thursday, after news that the company will fast track the development of a new combination vaccine regimen against the Ebola virus. (Source: InvestorGuide) Click here to read the full article

Kroger Says it will Hire 20,000 More Workers
Supermarket chain Kroger said Friday it will hire about 20,000 workers to fill permanent jobs. (Source: Fox Small Business) Click here to read the full article

Technology Focus


(TSLA)
Shares of Tesla Motors Inc. (TSLA) were trading down -2.04 or -0.71 percent to $284.00 per share in premarket trading this morning, after news late yesterday that the company had confirmed the state of Nevada to build its new Tesla Gigafactory. (Source: InvestorGuide) Click here to read the full article

What's at Stake for Apple, Tim Cook Next Week
Investors and Apple fans only have to wait 103 more hours until they can see firsthand what products will be in stores this fall. (Source: Yahoo Finance) Click here to read the full article

Your Money


5 Reasons Your Budget is Failing You
It can be extremely difficult to stick to a budget. Sometimes, an emergency or unexpected expense will come around, and you will have to spend more than you intend. (Source: Personal Finance Cheat Sheet) Click here to read the full article

17 Books About Money Everyone Should Read in Their 20s
Now that we're all headed back to the office to buckle down for fall, it's a great time to work on a little self-improvement. (Source: Business Insider) Click here to read the full article

Published on Sep 5, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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