The Wall Street Journal: North Korea thought to be developing submarine that can launch nuclear weapons

The Wall Street Journal: North Korea thought to be developing  submarine that can launch nuclear weapons
SEOUL—North Korea is thought to be developing a new submarine capable of launching nuclear-armed ballistic missiles, a senior South Korean lawmaker said, signaling an increased threat to U.S. and allied forces while raising doubts about the regime’s pledges to disarm. Evidence gathered by South Korea’s military suggests Pyongyang is working on the submarine on its east coast, said Kim Hack-yong,... Read More

Currencies: Dollar remains lower after jobs report, hovers vs. yuan as China tariffs kick in

Currencies: Dollar remains lower after jobs report, hovers vs. yuan as China tariffs kick in
The dollar index traded lower Friday, with most major rivals strengthening against the buck, after June data showed a stronger-than-expected rise in nonfarm payrolls as investors monitored the escalation of the U.S.-China trade skirmish. The ICE U.S. Dollar index DXY, -0.46% which measures the greenback against six other currencies, fell 0.5% to 94.012, versus a level around 94.289 just ahead of... Read More

Record high for Facebook stock pushes Zuckerberg past Buffett

Record high for Facebook stock pushes Zuckerberg past Buffett
A record high for Facebook Inc. stock has reportedly pushed Chief Executive Mark Zuckerberg’s wealth beyond that of famed investor Warren Buffett. Facebook FB, +2.41%  shares closed up 2.4% Friday at $203.23, notching a record close for the social-networking company. Facebook stock has been on a steady climb, hitting several records in June and July, despite pressure from lawmakers in... Read More

Economic Report: U.S. adds 213,000 jobs in June as unemployment makes surprise rise

Economic Report: U.S. adds 213,000 jobs in June as unemployment makes surprise rise
Businesses can’t find enough talent to fill a record number of job openings, but they are still hiring aggressively. The numbers: The U.S. created 213,000 new jobs in June, another hearty gain that shows companies are finding ways to fill open jobs despite a dwindling pool of skilled workers. The gain in hiring topped the 200,000 forecast of economists polled... Read More

Market Extra: Washington’s ‘political climate’ seen as the biggest risk to stocks, survey says

Market Extra: Washington’s ‘political climate’ seen as the biggest risk to stocks, survey says
For the past several months, the stock market has faced pressure because of worsening relations between the U.S. and its major trading partners. However, a bigger risk could be the tense relationship between the two major U.S. political parties. According to a new survey from Wells Fargo and Gallup, the “political climate in Washington” is seen is the biggest threat... Read More

Market Snapshot: Stock market ends week solidly higher after jobs report; Biogen logs best day since 2004

Market Snapshot: Stock market ends week solidly higher after jobs report; Biogen logs best day since 2004
U.S. stocks closed solidly higher Friday, helping the three main benchmarks book a second straight session of gains after a read on the labor market came in stronger than expected, supporting the thesis that economic fundamentals remain healthy despite trade-war anxieties. What are the main benchmarks doing? The Dow Jones Industrial Average DJIA, +0.41% rose 99.74 points, or 0.4%, to... Read More

NewsWatch: Here’s why stock investors should rejoice over Trump’s second year in office

NewsWatch: Here’s why stock investors should rejoice over Trump’s second year in office
MARKETWATCH FRONT PAGE Second years of presidential terms typically favor stock investors, writes Mark Hulbert. See full story. Founder of world’s largest hedge fund says ‘first day of the war’ with China has begun Ray Dalio, founder of hedge fund Bridewater Associates implies that a trade war may have just erupted. See full story. Workers still not earning big pay... Read More

The big reason why consumers are happy that Amazon bought Pillpack

The big reason why consumers are happy that Amazon bought Pillpack
Health-care companies and their investors might be concerned about the Amazon.com Inc. acquisition of Pillpack, but customers, anticipating lower prices, welcomed the agreement. According to a report from GlobalData, the majority of Americans (54%) are happy about the deal, while fewer than a quarter (24%) disapprove and the remainder are neutral. GlobalData says approval was “fairly even” across demographics. “onsumers... Read More