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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 25, 2016
Page
6
Verizon plans to acquire Yahoo for nearly 5 billion dollars in a move that ends Yahoo’s era as a dotcom landmark. Verizon previously bought AOL for 4.4 billion last year and has declined comment while balancing competition with Google and Facebook.
History shows a strong link between the S&P 500’s three month run up to Election Day and who wins. Data from Strategas Research Partners finds the market correctly predicted 19 of 22 elections since 1928, with eight straight wins, while a plunge near votes favors the challenger.
Quincy Krosby at Prudential says a strong stock market signals economy health and can aid the incumbent party. Bill Stone of PNC notes the market as a referendum on incumbents, while Jim Paulsen of Wells Capital says stocks may sway less this year as foreign and domestic concerns shift voter focus. Economic issues may be less dominant than disgust with government and anti establishment sentiments in this campaign.
The resignation of Roger Ailes as CEO of Fox News follows Gretchen Carlson’s sexual harassment suit, with advocates saying his exit may embolden victims to come forward. The move comes as Fox faces internal inquiries and public scrutiny while Rupert Murdoch and family pledge a respectful work environment.
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