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Tuesday, August 5, 2014

Suspects in murder of Border Patrol agent arrested and deported numerous times

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Suspects in murder of Border Patrol agent arrested and deported numerous times
Suspects in murder of Border Patrol agent arrested and deported numerous times

Two illegal immigrants from Mexico who were charged with first-degree murder in the shooting death of an off-duty U.S. Border Patrol agent in front of...

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Guy Shoots, Kills Himself While Taking Selfie (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


Guy Shoots, Kills Himself While Taking Selfie

Guy Shoots, Kills Himself While Taking Selfie

(Newser) - A selfie turned deadly for a 21-year-old man last weekend, thanks to the toxic mix of alcohol and a loaded gun. After a night drinking with two friends in Mexico City, Oscar Otero Aguilar decided to take a picture of himself with his loaded .45-caliber pistol pointed at his head.... More  »

 
Scientist Commits Suicide After Research Scandal

Scientist Commits Suicide After Research Scandal

(Newser) - Respected stem cell expert Yoshiki Sasai, who was connected to a scandal accusing a researcher he advised of falsifying a stem cell breakthrough , was found dead today of an apparent suicide. Sasai, who told the Wall Street Journal in April he was "overwhelmed with shame" over the scandal, was... More  »

 
Flesh-Eating Bacteria Hits Southern Beachgoers

Flesh-Eating Bacteria Hits Southern Beachgoers

(Newser) - Not long after Florida warned beachgoers to be careful, new reports are emerging of tourists suffering from flesh-eating bacteria. The Weather Channel points to reports of at least three deaths in the state this year, while others have suffered from Vibrio Vulnificus in Alabama and Texas. A Georgia man ended... More  »

 
Dad Who Left Down's Baby Is a Pedophile: Sources

Dad Who Left Down's Baby Is a Pedophile: Sources

(Newser) - Since the story of baby Gammy went viral several days ago, the Australian government has announced that it is looking into whether it can intervene in a case described by the Australian immigration minister as "very, very murky," particularly because it took place in another country, reports the... More  »

 
Marijuana Implicated in 2 Fatal Heart Failures

Marijuana Implicated in 2 Fatal Heart Failures

(Newser) - Marijuana has a reputation for being a safe drug, but some researchers say there is mounting evidence that the drug is associated with adverse heart complications. In two new case studies, two young men in Germany—ages 23 and 28—with no drugs other than THC in their systems and... More  »

 
'Hobbit' Found Decade Ago Not New Species

'Hobbit' Found Decade Ago Not New Species

(Newser) - When a skull and several bone fragments were discovered in a cave on the Indonesian island of Flores in 2004, one scientist called it "the most important find in human evolution for 100 years." The discoverers hailed it as a previously unknown and extinct human species, which they... More  »

 

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STOCKS SLIDE AS UKRAINE WORRIES RESURFACE: Here's What You Need To Know

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August 05, 2014

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Stocks finished lower on Tuesday despite better than expected economic data this morning, as an afternoon reports indicated that Russia has stepped up its military presence along the Ukrainian border.

First, the scoreboard:

  • Dow: 16,429.47, -139.8, (-0.8%)
  • S&P 500: 1,920.21, -18.7, (-1%)
  • Nasdaq: 4,352.83, -31, (-0.7%)

And now, the top stories on Tuesday:

1. The July non-manufacturing PMI report from the Institute for Supply Management came in at 58.7, topping expectations for a 56.5 reading. This was also up from a 56.0 print in June. ISM said it was the highest reading for the non-manufacturing headline index since its inception in January 2008, and the report's new orders sub-index registered a 64.9, the best reading since August 2005. Following the report, Dean Maki at Barclays said, "The surge in the ISM activity indexes, particularly that in the employment index, is somewhat surprising given the slowdown in private service sector job growth in the July employment report; the ISM report suggests that this slowdown in job growth should not be seen as a sign of developing weakness in the service sector and bodes well for growth in this sector in H2 14."

2. The Census Bureau's latest factory orders report showed orders jumped 1.1% in June, topping estimates for a 0.6% increase. June's number, however, was revised down to show a 0.6% decline, compared to an initial reading for a 0.5% decrease. 

3. Markit's services PMI for July came in at 60.8, which was in-line with expectations and down slightly from 61 in June. "While the economy looks set to continue to expand at robust pace in the second half of the year, these summer months may turn out to represent the peaking in the rate of growth, Markit Economics' Chris Williamson said.

4. In stock news, Target announced that second quarter earnings would miss expectations. Target said soft sales are continuing in its Canadian stores, while the retailer also took a $238 million charge related to its data breach during last year's holiday season. "Since the data breach last December, we have been focused on providing clarity on the Company’s estimated financial exposure to breach-related claims," said John Mulligan, interim president and CEO, CFO of Target. "With the benefit of additional information, we believe that today is an appropriate time to provide greater clarity on this topic." Following the announcement, shares of Target fell 4.4%.

5. Apple is going to announce its next iPhone on at an event on September 9. Apple shares finished the day slightly lower. Here's everything we know about the upcoming iPhone.

6. Stocks took a deep dive just before 2:00 pm ET, with the Dow falling nearly 200 points at one point, and traders attributed the move to a Financial Times report that said Russia was increasing its troop presence near the Ukrainian border. 

7. A note from Goldman Sachs' U.S. equities team said that in the next several years there will be a "dramatic divergence" in the performance of stocks and bonds. Goldman, which says it expects interest rates to move to 4% by 2018, said that over the next several years stocks are poised to return 4% on an annualized basis, while bonds will provide investors with a -1% real return, adjusted for 2% inflation. 

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10 Classic Cocktails Everyone Should Know How To Make

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August 05, 2014
10 Classic Cocktails Everyone Should Know How To Make 10 Classic Cocktails Everyone Should Know How To Make

Some cocktails are classics for a reason. They are so tasty that they... Read »
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Billionaire Investor Peter Thiel Now Wants To Disrupt The Nuclear Energy Industry
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This App Delivers Hot Pizza To Your Door With Literally One Push
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If ordering pizza online is too much of a hassle for you, the "Push For...  Read »
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IBM's Chip-Making Business Is Doing So Poorly, It Wanted To Pay $1 Billion To Get Rid Of It
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IBM’s chip-manufacturing unit has been struggling so poorly in...  Read »
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REVIEW: Toshiba's Dirt-Cheap Windows 8 Tablet Is Surprisingly Good If You're Shopping On A Budget
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With the Encore 2, Toshiba offers a full Windows 8.1 experience in an affordable 8-inch package. But that doesn't mean it comes without flaws.   Read »
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Rupert Murdoch's Fox Is About To Make Its Most Aggressive Push For A Time Warner Deal
Rupert Murdoch's Fox Is About To Make Its Most Aggressive Push For A Time Warner Deal
Rupert Murdoch's Twenty-First Century Fox Inc. is expected to make an...  Read »
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South Korean Shipyard Workers Wear Robo-Suits For Super-Strength
South Korean Shipyard Workers Wear Robo-Suits For Super-Strength
If Daewoo Shipbuilding and Marine Engineering gets its way, employees...  Read »
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