Markets Rally on Greek Optimism Pushes Global Stocks Higher
Global markets rallied on hopes that a revised Greek proposal could unlock more aid and negotiations. The Dow rose about 104 points to 18,120, the Nasdaq hit a record high near 5154, and the Greek Athens index jumped over 6 percent amid concessions on pension obligations.
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Europe
Alexis Tsipras
Angela Merkel
Jeroen Dijsselbloem
Greece
Dijsselbloem
Brussels
Bloomberg
Standard & Poor
London
Swift forces Apple to reverse indie artist pay stance
Apple Music gained free publicity after Taylor Swift publicly shamed the company over indie artist royalties during a three month trial. Swift’s open letter on Tumblr led Apple to promise payment to indie artists, with executives Tim Cook and Eddy Cue announcing a reversal amid industry pressure. Analysts say the move could boost Apple Music as a major streaming rival to Spotify.
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Apple
Taylor Swift
New York
Apple Music
Spotify
Swift
Tim Bajarin
Creative Strategies
Bajarin
Love Taylor
Eddy Cue
AppleMusic
Cue
Tim Cook
ReCode
Digitalmusicnews.com
Paul Resnikoff
Digital Music News
Beats Electronics
Jimmy Kevine
Trent Reznor
Resnikoff
Ted Cohen
Tag Strategic
Richard Doherty
Envisioneering Group
Eddy
Home sales rebound in May with 5.1 percent rise
Home sales accelerated to a 5.35 million annual pace in May, the fastest uplift in nearly six years, signaling recovery after April’s dip. The gain exceeded economists' projected 5.25 million, per the National Association of Realtors.
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National Association of Realtors
NAR
Bloomberg
Hello Kitty Greets EVA Air New Houston Taipei Route
Hello Kitty greeted EVA Airs launch of the Houston to Taipei service on Friday with a Hello Kitty themed experience. EVA Air will operate four weekly flights featuring more than 100 branded items including kids meals toilet paper seat covers and pillows.
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Houston
Hello Kitty
EVA Air
Taiwan
Taipei
EVA
Firms wary of South Carolina despite high profile flag debate
The presence of the Confederate flag controversy after the Charleston church shooting has not attracted new business to South Carolina. Only 18 Russell 3000 companies are based there, about 0.4 percent, and they generate roughly 0.1 percent of total Russell 3000 revenue. California leads in both share of firms and revenue, while South Carolina remains home to 3D Systems in Rock Hill, with CEOs from major firms criticizing the flag display.
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Charleston
South Carolina
U.S
USA Today
S&p Capital IQ
Bing
Arkansas
Russell
Walmart
California
Russell 3000
3D Systems
Rock Hill
S.C
Salesforce.com
Marc Benioff
Twitter
SCANA
Sonoco
SON
South State
Benefit Focus
BNFT
Denny’s
Denn
USA Today Research
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Marco Della Cava
Edward Baig
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