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Stocks rise after Fed keeps interest rates unchanged
NEW YORK — U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. A modest rebound in Chinese stocks also helped push the market higher. The Dow Jones industrial average rose 121.12 points,...
By Ken Sweet The Associated Press FULL STORY
 
Fed holds steady on rates, seeks further economic gains
WASHINGTON — The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee ...
By Martin Crutsinger The Associated Press FULL STORY
Facebook 2Q results soar as user base, mobile ads grow
NEW YORK — Facebook surpassed expectations on all fronts in the second quarter, growing not just profit and revenue but its already-massive user base, mobile advertising and usage of its “family” of non-Facebook apps like Instagram and WhatsApp. Even so, its stock price slid after the results...
The Associated Press FULL STORY
 
Twitter stock tumbles as user growth stalls
NEW YORK — Tepid user growth and ongoing uncertainty about its leadership dragged Twitter’s stock to its lowest level in over a year Wednesday, even though the short-messaging service reported sharply quarterly higher revenue. Twitter is “not satisfied” with its user growth, co-founder Jac...
The Associated Press FULL STORY
Tesla offers first incentive in owner referral program
DETROIT — Electric car maker Telsa Motors Inc. is offering its first incentive, $1,000 to new-car buyers who are referred by current Tesla owners. Owners who make a referral also will get $1,000 in their Tesla account that can be spent on a car purchase, service or accessories. CEO Elon Musk sa...
The Associated Press FULL STORY
 
SolarCity reports 2Q loss
SAN MATEO — SolarCity Corp. on Wednesday reported a loss of $22.4 million in its second quarter. On a per-share basis, the San Mateo-based company said it had a loss of 23 cents. Losses, adjusted for non-recurring gains, came to $1.61 per share. The results matched Wall Street expectations. The ...
The Associated Press FULL STORY
Shutterfly reports 2Q loss
REDWOOD CITY — Shutterfly Inc. on Wednesday reported a loss of $23.8 million in its second quarter. The Redwood City-based company said it had a loss of 63 cents per share. Losses, adjusted for amortization costs, came to 56 cents per share. The results topped Wall Street expectations. The avera...
The Associated Press FULL STORY
  
 
  


 
 
 
Daily Journal Quick Poll
 
Do you think cities and the county should regulate services like airbnb that rents out rooms and homes?

Yes, homes are not hotels
No, let the free market be
Maybe a little to make sure people using the service are legit
Not sure

 

 
 
 
 
 
 
 
 
  
 
  
 
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