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  • Consumers spending less; Apple's big reveal; Netflix pays big for 'Blacklist'

    Yahoo Finance at Hot Stock Minute4 hrs ago

    Americans are spending less and making less. The Commerce Department reported that personal spending fell last month for the first time since January. Consumer spending slipped 0.1% in July compared to the previous month, mainly due to a big drop in purchases of autos.  Meanwhile, personal spending rose 0.2% in July.  Economists were expecting personal spending to rise 0.2% and income to increase by 0.3% in July. 

    Stocks are mixed in early trading. August has been a great month for investors, with stocks set to post their biggest monthly increase since February.

    The guessing game is over. Apple (AAPL) finally sent out invites to its next much-anticipated event. Mark your calendars, the date is September 9 th .  That's when many people expect that long-awaited, bigger-screen iPhone 6 to be revealed.

    “This event is going to be the greatest event since the Super Bowl” said Yahoo Editor-in-Chief Aaron Task. “I’m being facetious of course, but this is a big deal… if this thing is a big hit, you could see that stock continue to surge into the end of the year.”

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