US stock future indexes are trying to start August off on a positive note being up, but flat (SPY +0.1%). The oil market is oversupplied, Asia mostly higher; Nikkei 225 up 0.40%, Europe traded at 11-month highs today, amid indications major central banks will add to stimulus in the coming months.
Here is the current market situation from CNN Money
European markets are lower today with shares in France off the most. The CAC 40 is down 0.59% while London's FTSE 100 is off 0.33% and Germany's DAX is lower by 0.13%.
(Reuters) - Tesla Motors Inc said on Monday it had reached a deal with SolarCity Corp to buy the solar panel installer for $2.6 billion, a big step in Chief Executive Elon Musk's plan to offer consumers a one-stop clean-energy shop.
NUSA DUA, Indonesia (Reuters) - The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fading.
LONDON/SYDNEY (Reuters) - British manufacturers slammed on the brakes last month after the Brexit vote and growth eased in the euro zone, surveys indicated, with factories in China, Japan and elsewhere in Asia offering only crumbs of comfort.
LONDON (Reuters) - Kweku Adoboli, the rogue trader jailed in 2012 for the biggest fraud in British history, has said his crimes could be repeated because bankers still faced the same pressure to make profits "no matter what".
JERUSALEM (Reuters) - Israel's tax authority, looking to crack down on unreported capital, said on Monday it has received a list from French authorities of more than 8,000 Israeli customers that held bank accounts at the Swiss arm of HSBC.
Concluding a vicious, money-losing ridesharing price war in China, overnight Didi Chuxing, the dominant ride-hailing service in China, announced it would acquire Uber's operations in the country, ending a battle that cost the two companies billions as they competed for customers and drivers.
As reported early in the overnight session, Didi said it would Uber's brand, business and data in the country. Uber will receive 5.89% of the combined company with preferred equity interest equal to 17.7 percent of the economic benefits. According to the Didi statement, Uber China's other shareholders, including search giant Baidu Inc., will get 2.3% of the economic interest in Didi Chuxing. Didi founder Cheng Wei and Uber Chief Executive Officer Travis Kalanick will join each other's boards.
After the merger, Uber will become the largest shareholder in Didi. The Chinese ride-hailing company will also invest $1 billion in Uber as part of the deal, a person familiar with the matter said.
As Bloomberg reports, "the truce brings to an end a bruising battle between the two companies for leadership in China's fast-growing ride-hailing market. Uber has been spending at least $1 billion a year to gain ground in China, while Didi offered its own subsidies to drivers and riders to build its business."
"Didi Chuxing and Uber have learned a great deal from each other over the past two years," said Cheng, who is also CEO, in the statement. "This agreement with Uber will set the mobile transportation industry on a healthier, more sustainable path of growth at a higher level."
Bloomberg adds that Didi's valuation after the deal will be $35 billion.
The deal is the latest consolidation in China's critical ridesharing industry. Last year, China's ride-hailing leaders Didi and Kuaidi j ...
If Nintendo is to make Pokémon Go stick around, it will need to get accustomed to hunting whales—mobile-game parlance for the type of player who buys a lot of in-game items. The problem is such players are a loyal but rare breed.
-- this post authored by Olivier Armantier, Luis Armona, Giacomo De Giorgi, and Wilbert van der Klaauw
At some point in its life a household's total debt may exceed its total assets, in which case it has "negative wealth." Even if this status is temporary, it may affect the household's ability to save for durable goods, restrict access to further credit, and may require living in a state of limited consumption.
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