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Wednesday, August 13, 2014

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August 13, 2014
Republicans Create Fake News Sites To Attack Democratic Candidates Republicans Create Fake News Sites To Attack Democratic Candidates
by Caitlin MacNeal on Aug 13, 2014, 9:05 AM
The National Republican Campaign Committee has...


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Boots on the Ground: White House weighs Iraq rescue mission, yet claims no 'combat role'

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Boots on the Ground: White House weighs Iraq rescue mission, yet claims no 'combat role'
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Greeks Unearth Biggest Ancient Tomb (Newser Happy Hour 6-pack)

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


Greeks Unearth Biggest Ancient Tomb

Greeks Unearth Biggest Ancient Tomb

(Newser) - Archaeologists in Greece are nearly ready to enter what they say is the biggest ancient tomb ever unearthed in the country. The tomb at the ancient site of Amphipolis in the Macedonia region, around 65 miles northeast of Thessaloniki, dates from around 300 BC—the time of Alexander the Great,... More  »

 
Teen Drinks 4 Gallons of Water and Gatorade, Dies

Teen Drinks 4 Gallons of Water and Gatorade, Dies

(Newser) - Hours before he was supposed to start his first day of his senior year of high school in Georgia, 17-year-old Zyrees Oliver collapsed and was rushed to the hospital in a helicopter. He'd consumed 2 gallons of water and 2 gallons of Gatorade after football practice last Tuesday and... More  »

 
Girl Missing 9 Months Had 'Horrific' Experience: Lawyer

Girl Missing 9 Months Had 'Horrific' Experience: Lawyer

(Newser) - The survival of Abigail Hernandez through a "horrific" nine-month abduction is being called a miracle by her family. "For many months, she suffered numerous acts of unspeakable violence," one of her lawyers says in a new statement on behalf of the family. "Through her faith, fortitude,... More  »

 
Cops Unamused by Man's 'Police Maserati'

Cops Unamused by Man's 'Police Maserati'

(Newser) - A Massachusetts driver with a Maserati painted like a police car was stopped by a police officer who realized that even the cops in Monaco don't drive Maseratis. The Braintree driver, who was charged with impersonating a police officer, had made the $100,000 luxury Italian car look like... More  »

 
Guy Asked Siri for Help Hiding a Body: Cops

Guy Asked Siri for Help Hiding a Body: Cops

(Newser) - You know how people like to ask Siri jokey questions, like how to hide a body ? Apparently Pedro Bravo, now on trial in Florida for the strangulation death of 18-year-old roommate Christian Aguilar, didn't get the memo, reports the Atlanta Journal-Constitution . Police say that on Sept. 20, 2012,... More  »

 
US Sends More Troops to Iraq

US Sends More Troops to Iraq

(Newser) - Another 130 Marines and special operations forces have been sent to Iraq to help rescue tens of thousands of Yazidi refugees still trapped on a mountain, but this "is not a combat boots on the ground kind of operation," Defense Secretary Chuck Hagel says. Speaking at California's... More  »

 

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STOCKS RALLY: Here's What You Need To Know

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Closing Bell
 

August 13, 2014

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Stocks surged despite some disappointing economic data, both from the U.S. and overseas.

First, the scoreboard:

  • Dow: 16,651.80, +91.3, (+0.5%)
  • S&P 500: 1,946.72, +13, (+0.7%)
  • Nasdaq: 4,434.13, +44.9, (+1%)

And now, the top stories on Wednesday:

1. Retail sales for July were flat compared to June, the worst reading in six months. Economists were expecting retail sales to climb 0.2%. Excluding autos and gas, retail sales were up 0.1%, missing expectations for a 0.4% gain. "Clothing increased 0.4% primarily on the extreme discounting at related stores as many retailers rid the shelves of summer apparel, making way for the back-to-school season — the second largest season after Christmas holiday spending," said Bloomberg economists Richard Yamarone and Josh Wright. Ian Shepherdson of Pantheon Macroeconomics said the report was "A bit disappointing but the trend is OK and August should be better." 

2. Overnight, Japan reported second quarter GDP that fell 6.8% on an annualized basis. The drop was expected, as Japan enacted a new consumption tax in April, but is still a severe decline for the world's third-largest economy, which grew 6.1% annualized in the first quarter.

3. In addition to the poor retail sales report, retail giant Macy's reported earnings and revenue that disappointed, and shares of the company fell more than 5%. Macy's reported earnings per share of $0.80, missing the $0.86 that was expected by analysts on revenue of $6.27 billion, which also missed the $6.3 billion Wall Street was looking for. Macy's said it failed to make up for its poor sales performance in the first quarter, and now sees full-year sales up 1.5%-2%.

4. SeaWorld shares got absolutely crushed, falling more than 32% after the theme-park operator reported disappointed earnings and revenue. Attendance at the company's park also continues to lag in the wake of CNN's controversial documentary "Blackfish," which brought to light questions regarding the treatment of Orca whales. In the second quarter, SeaWorld's attendance was up 0.3% from the prior year, but this compared to year-ago attendance that fell 9%. Year-to-date, attendance at SeaWorld parks is down 4.3%.

5. Brazilian presidential candidate Eduardo Campos was killed in a plane crash on Wednesday as it was preparing to land in bad weather. Following the report, Brazil's Ibovespa stock index fell as much as 2%, but eventually pared most of these losses. Campos was currently third in the polls, and Tony Volpon at Nomura said these developments don't change his view of the election, which he expects to be won by Aécio Neves.

6. Deere & Co. shares fell more than 2% after the agribusiness giant said it expects revenue to fall 6% compared to last year. The company also gave an update on its view of the global agriculture market and the global economy.

7. Shares of King Digital fell more than 23% after the maker of the popular Candy Crush mobile game last night reported revenues that disappointed. The company also announced a surprising $150 million special dividend and said its revenue for the full-year would be below current expectations. Analysts at Deutsche Bank downgraded shares of King following the report, noting that among other games, the Kim Kardashian: Hollywood game creates intense competitions for the company.

8. The latest mortgage applications report from the Mortgage Bankers Association showed that, on a seasonally adjusted basis, mortgage applications fell 2.7% for the week ended August 8. Following the report, Quicken Loans vice president Bill Banfield said, "While bond pricing was relatively flat and mortgage-backed security prices did little to move interest rates around last week, we did see a slight drop in both refinance and purchase activity. Overall, purchase volume has been unable to reach last year's levels."

Don't Miss: Low Pay And A Horrible Lifestyle: The Real Reasons The Trucking Industry Is Short On Drivers »

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The Connected TV Landscape: Why Smart TVs And Streaming Gadgets Are Conquering The Living Room

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August 13, 2014
The Connected TV Landscape: Why Smart TVs And Streaming Gadgets Are Conquering The Living Room The Connected TV Landscape: Why Smart TVs And Streaming Gadgets Are Conquering The Living Room

Understanding the connected TV industry and how the market will evolve.
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 THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market
THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market
 RTB will account for 33% and $18.2 billion of U.S. digital ad sales in 2018.  Read»
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Brazil's Embraer Is Looking Good As Smaller Private Jets Become Popular
Brazil's Embraer Is Looking Good As Smaller Private Jets Become Popular
Brazilian aircraft manufacturer Embraer is Benefitting from some good...  Read»
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Cisco Beats!
Cisco Beats!
Cisco just reported its earnings for last quarter. Here's the score....  Read»
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Iraq's Yazidis Who Fled To Refugee Camps Say They Will Never Go Home
They walked miles, spent days in blazing heat without shelter and food...  Read»
This Quote Perfectly Sums Up How Yahoo Killed Flickr
There was a time when Yahoo was one of the most successful internet...  Read»
This Map Of US And Russian Arms Sales Says It All
They say the Cold War is over, but Russia and the U.S. remain the...  Read»
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Soon, There May Only Be 2 Types Of Jobs — People Who Code Computers, And People Who Get Bossed Around By Computers
Soon, There May Only Be 2 Types Of Jobs — People Who Code Computers, And People Who Get Bossed Around By Computers
People who know how to program computers have job security, and that...  Read»
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The 10 Most Important Things In The World Right Now
The 10 Most Important Things In The World Right Now
Good morning! Here's what people will be chatting about on Wednesday...  Read»
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Police Express Sympathy For Officer Who Killed Unarmed Teen In Ferguson, Missouri
Police Express Sympathy For Officer Who Killed Unarmed Teen In Ferguson, Missouri
Riots have gripped Ferguson, Missouri, since the shooting death of...  Read»
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Not Even Doctors And Lawyers Are Safe From Machines Taking Their Jobs
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Robots, software, and automatons of any sort don't need to be perfect to...  Read»
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See Also
Meet The Drug Lords And Foot Soldiers Who Have Transformed Colombia's Coke Business
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Since the death of notorious drug lord Pablo Escobar in 1993, the...
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8 Money Excuses To Stop Making Today
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After two decades of personal finance reporting, I've heard every...
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