Wall Street Journal

Asian Shares Mixed as Stronger Yen Caps Gains in Nikkei
Wall Street Journal
Stocks in Asia were mixed on Wednesday, in a largely muted reaction to a record high in U.S. stocks, while a stronger yen capped gains in Japan's Nikkei Stock Average. The Nikkei rose 0.3% in afternoon trade, reversing from earlier declines as the yen
Asian Stocks Slip From One-Year High as Japan Shares Drop on YenBloomberg
Asian shares hit one-year high, dollar slips on weaker U.S. dataStreetInsider.com
China and Hong Kong stock markets buck Asia gloomFinancial Times
Nasdaq –MarketWatch –CNBC –USA TODAY
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Wall Street Journal

Yelp Inc: YELP Stock Catches Fire With Surprise Q2 Profit
Nasdaq
Yelp Inc (NYSE: YELP ) had a quarter to remember, proving that social networking has not yet passed its sell-by date … and sending YELP stock up by double-digits in Tuesday's after-market trading. yelpmsn Source: Linny Heng via Flickr. For the three …
Yelp Raises Revenue Projection as It Swings to Quarterly ProfitWall Street Journal
Yelp Posts Surprise Profit In Second Quarter, Beats EstimatesForbes
Yelp (YELP) Jeremy Stoppelman on Q2 2016 Results – Earnings Call TranscriptSeeking Alpha
Fortune –Reuters –24/7 Wall St. –TheStreet.com
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Fortune

Elon Musk Says SolarCity Will Sell a Roof Integrated With Solar Panels
Fortune
“It's not a thing on the roof, it's the roof,” says Musk. Solar installer SolarCity, which is in the process of being acquired by electric car maker Tesla, plans to develop and sell a roof integrated with solar panels. Currently the company installs
SolarCity Losses Widen on Higher ExpensesWall Street Journal
SolarCity reports $250 million quarterly loss, projects sales growthLos Angeles Times
SolarCity losses grow as shareholders weigh Tesla dealThe Detroit News
SFGate –Seeking Alpha –Reuters –Benzinga
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Wall Street Journal

Disney Makes Bet on Baseball Streaming
Wall Street Journal
One year after its shares began a 12% slide driven by concerns over ESPN's growth trajectory, Walt Disney Co. DIS 0.96 % has come up with an answer for Wall Street: The media giant said Tuesday it will spend $1 billion to acquire a 33% stake in BAMTech
Disney's Movie Hits Overshadow Lackluster TV ResultsNew York Times
Walt Disney Co. buys stake in video streaming service BAMTechLos Angeles Times
Disney Hedges Its Bets on TV With BAMTech Stake and ESPN StreamingFortune
Sarasota Herald-Tribune –The Verge –MarketWatch –Washington Post
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Kansas City Star

PG&E Guilty of Safety Violations Stemming From Fatal Blast
Bloomberg
PG&E Corp. was found guilty of safety violations six years after one of its natural gas pipelines blew up and killed eight people in California. The verdict reached Tuesday by a San Francisco federal court jury stains the reputation of California's
California Utility Found Guilty of Violations in 2010 Gas Explosion That Killed 8New York Times
Pacific Gas & Electric Convicted of Misleading Investigators After Pipeline BlastWall Street Journal
Utility Giant PG&E Convicted of Violating Gas Pipeline Safety LawsNPR
Reuters –SFGate –Patch.com –The Mercury News
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Washington Post

Presidential candidates offer platitudes but no real plans to help black and Latino voters
Washington Post
To hear the presidential candidates tell it, the future for African Americans and Latinos will be great. More jobs. Better schools. Affordable housing. Fewer inmates. Less killing. More equality. But hardly anyone ever asks how they intend to make it
Blacks will take hundreds of years to catch up to white wealthCNNMoney
It Could Take 2 Centuries For Racial Wealth Disparities to DissipateCityLab
STUDY: Blacks Centuries Behind Whites in Wealth DevelopmentColorLines magazine
Wall Street Journal (blog) –CNBC –Daily Mail –Fortune
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CNBC

OPEC using 'smoke and mirrors' to boost oil prices
CNBC
Just the whiff of an OPEC meeting has driven oil prices higher, squeezed shorts in the futures market — and made further inaction by the cartel more likely. But that hasn't stopped market chatter that the Organization of Petroleum Exporting Countries
Oil Falls on US Production ForecastWall Street Journal
Oil dips on oversupply; calls for producer meeting met with scepticismReuters
Oil futures end lower as traders ponder supply, OPECMarketWatch
FuelFix (blog) –USA TODAY –Nasdaq –TheStreet.com
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Reuters

US productivity falls for third consecutive quarter
Reuters
WASHINGTON U.S. worker productivity fell for the third straight quarter in the spring this year, suggesting that corporate profits may continue to decline and wage growth may remain sluggish. The Labor Department said on Tuesday that productivity
Why Did Productivity Fall? Look To The Price of Oil and GasWall Street Journal (blog)
Productivity drop renews questions on the economy's healthUSA TODAY
U.S. Productivity Unexpectedly Falls for Third Straight QuarterBloomberg
Forbes –KOMO News –Nasdaq –Toledo Blade
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Wall Street Journal

UK Retail Sales Defy Brexit Vote
Wall Street Journal
LONDON—U. K. retail sales increased in July, according to a survey by a retail trade group, an early indicator that consumers didn't slow spending in the immediate wake of Britain's vote to leave the European Union. The upbeat data follow a series of …
UK retail spending rebounds in July by most in six months: BRCCNBC
Brexit hasn't slowed down British shoppersBusiness Insider
UK Consumers Embrace 'Feel Good Factor' After Brexit And Carry On Spending, Despite 'Project Fear'Breitbart News
Irish Examiner –BBC News –TheStreet.com –Daily Mail
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TheBull.com.au

German Industry Output Rises as Factories Shrug Off Brexit Woes
Bloomberg
German industrial production increased in June, signaling that Europe's largest economy gained momentum ahead of the U.K.'s Brexit vote. Production, adjusted for seasonal swings, rose 0.8 percent from the previous month, when it dropped a revised 0.9 …
German June industrial output stronger than seenMarketWatch
EconomyGerman factories enjoy best month since JanFinancial Times
3 Numbers: Germany Ripe For Industrial UpswingInvesting.com
RTT News –Fidelity Worldwide Investment –Reuters India –TheBull.com.au
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