Good evening,
Stocks were up Tuesday, with the Dow and S&P 500 climbing 0.4%, and the Nasdaq growing 0.7%. …Gold prices dropped Tuesday after investors moved their money back in to stocks with a Greek deal seemingly reached. …Fed Chairwoman Janet Yellen will speak in front of Congress Wednesday to present the Federal Reserve’s semiannual monetary policy report. The Q&A portion of the testimony should prove interesting as Congress and the Fed have had a strained relationship as of late. …Be prepared for Netflix stocks to fall Thursday. The streaming service will post its second quarter results Wednesday. For the last six years, shares have dipped after every second quarter earnings report.
Twitter stocks fly high after fake story. A prankster published a fake Bloomberg story Tuesday claiming that Twitter had gotten a $31 billion buyout offer, triggering the social media company’s stock to spike. The stock fell again when the story was proven to be false. A former SEC lawyer says that these modern “pump and dump” schemes are easy to implement with the Internet. US News
Madison Square Garden moving to NYSE. MSG announced Tuesday that it is transferring its common stock listing to the NYSE from the Nasdaq, effective July 27. Shares have gained 11% so far this year. MarketWatch
Wednesday is Prime Day. It’s time for some midweek shopping. Amazon will be hosting “Prime Day” Wednesday, a 24-hour sale set to rival Black Friday available only to Amazon Prime customers. Wal-Mart couldn’t be upstaged, and is planning a sales day too, for everyone. The competing deals will only benefit consumers. CNN
Judge throws out parts of Michael Brown lawsuit. A federal judge dismissed four counts in the wrongful death lawsuit of Michael Brown, the unarmed black teen shot and killed by a white police officer last summer. Brown’s parents are seeking compensation and punitive damages. The judge allowed two counts related to state civil rights to stand. Reuters
Actor compares Comic-Con to genocide. Jesse Eisenberg, famous for his role as Mark Zuckerberg in “The Social Network,” likened his experience at Comic-Con this past weekend to genocide. The actor made an appearance for fans to promote his new role as Lex Luther in the upcoming Batman v Superman movie. Eisenberg also called journalists “pariahs,” winning hearts and minds everywhere. USA Today
Sip a frappuccino on your next safari. Starbucks will be opening its first Sub-Saharan African store in Johannesburg next year. The coffee maker says it plans to employ young people from local communities. Wal-Mart, Krispy Kreme, and others are moving into South Africa as well. BBC
Photo: Global Panorama via Flickr.