‘Enough is enough’: Warren officially introduces bill to cancel student debt

Warren first pitched a student debt plan as a presidential candidate in April, and then started discussing the upcoming legislation in June. Taken together, Warren's plans attack student debt in three ways: Cancelling debt, reforming the predatory — or “lousy” — student loan system that's in place, and making college free for all. I was shocked when I woke up one morning … and saw that student loan debt had eclipsed credit card debt,” Rep. Clyburn said at a press conference to unveil the legislation.

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  How much student-loan debt forgiveness would have a real impact? $10K per borrower, according to new analysis

  MarketWatch
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  27 Student Loan Terms All Students and Parents Should Know

  Motley Fool

Snap's 2Q user growth tops expectations

Snap (SNAP) added more users than expected in its fiscal second quarter, reflecting the company's efforts to attract and retain users on the disappearing photo platform through new content developments and an Android app upgrade launched this spring. Here were the main numbers from the report, compared to consensus expectations compiled by Bloomberg: Revenue: $388 million vs. $360.5 million expected Adj. loss per share: 6 cents, vs. 10 cents expected Daily active users (DAUs): 203 million vs. 191.7 million expected DAUs, or users who open the app at least once a day, were a key focus for the Street, with Snap just recently turning stagnant growth into gains.

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  Last Minute Thought: Buy or Sell SNAP Stock Before Q2’19 Earnings?

  SmarterAnalyst
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  Coca-Cola, Chipotle, Snap earnings — What to know in markets Tuesday

  Yahoo Finance

EUR/USD Price Forecast – Euro breaks through short-term support

The Euro has broken through the vital 61.8% Fibonacci retracement level to dig into the support area just below. We have recently seen the market test the 1.11 level for support and bounce, and it now looks as if we are going to go back towards that area. With that in mind, it makes sense that we will probably drive toward that level and then bounce yet again.

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  AUD/USD Price Forecast – Australian dollar drift lower

  FX Empire
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  Gold Price Forecast – Gold markets continue to see buying pressure underneath

  FX Empire

UPS launches drone business, seeks to certify multiple pilots

United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. The launch of UPS Flight Forward marks the latest move in the battle between UPS, Amazon.com Inc and Alphabet Inc for the lead in the nascent U.S. drone delivery industry. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this year, potentially becoming the first company to win such approvals.

• UPS adds pickup spots at retailers, seeks to fly more drones

  Associated Press
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  UPS teams up with 3 major retailers, launches new services to expand delivery

  Yahoo Finance

Snap user growth on a roll as new app clicks

Shares of Snap jumped 9.3% to $16 in after-hours trading.The latest figure, widely watched by investors and advertisers, beat analysts' average estimate of 192.2 million, according to IBES data from Refinitiv. After struggling last year with declines in users and high executive turnover, Snap finally returned to growth in the first quarter. In recent months, it scored wins with its augmented reality lenses and the launch of mobile games within Snapchat in partnership with game developers such as Zynga Inc .

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  Last Minute Thought: Buy or Sell SNAP Stock Before Q2’19 Earnings?

  SmarterAnalyst
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  Snap Gets Bullish Upgrade Ahead of Earnings Today

  Motley Fool

Chipotle sales beat expectations, stock jumps

Chipotle's (CMG) second-quarter sales smashed expectations, and the stock soared 3% in after-hours trade. Here are the numbers for Chipotle's second quarter, based on Wall Street analyst expectations: Revenue: $1.43 billion vs. $1.41 billion expected, 13% growth year-over-year Adj. earnings per share: $3.99 vs. $3.76 expected Same-store sales: +10% vs. +8.4% expected The company reported that digital sales grew 99% during the second quarter and accounted for more than 18% of total sales.

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  Texas Instruments Stock Surges On Second-Quarter Earnings Beat

  Investor's Business Daily
• Travelers Earnings Miss, Revenue Beats In Q2

  Investing.com

Apple's Heir Apparent Is Much Like Current CEO Tim Cook

Jeff Williams co-created the Apple Watch and runs the company's global operations. Now he's the heir apparent if CEO Tim Cook were to leave. Bloomberg's Mark Gurman reports on "Bloomberg Markets."

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  Congress, White House on Brink of Two-Year Debt Limit Deal

  Bloomberg
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  Trump Says Lawmakers Have Reached Deal on Debt Limit Suspension

  Bloomberg

Am I Keeping Too Little in My Checking Account? Here's What Experts Say

As I write this, the balance in my checking account is $603.49, but I have no idea whether that's good or bad. Is there a “right” amount to have in my checking account? Gilpatrick needs these answers because a cash reserve “is there in case you can't pay your bills,” she says.

Texas Instruments Stock Surges On Second-Quarter Earnings Beat

Chipmaker Texas Instruments Tuesday beat Wall Street's sales and earnings targets for the second quarter. The Texas Instruments earnings news sent its stock higher in extended trading. TXN stock is near a record high.

• [video]United Technologies Posts Earnings Beat and Raises Guidance

  TheStreet.com
• Lockheed Martin Earnings, Revenue Beat in Q2

  Investing.com

Is AT&T Stock A Buy Right Now? Here's What Earnings, Chart Show

AT&T closed its $85 billion acquisition of Time Warner in June 2018, giving the telecom giant control over lucrative media brands Warner Bros. and HBO, which made the hit show "Game of Thrones." The takeover comes amid an intensifying streaming war between Netflix, Disney and others. Is AT&T stock a buy right now? AT&T stock hit an all-time high of 59.94 back in 1999.

• AT&T, Verizon Earnings On Tap With The 5G Era In Sight

  Benzinga
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  AT&T earnings: Expect another quarter of big video losses

  MarketWatch

5 Dow Jones Stocks to Sell Before the Market Slumps

With such huge gains, it's time to start thinking about what Dow Jones stocks to sell. As you'd expect, when the market as a whole rips so much, it sets up some great profit-taking opportunities in individual stocks out of the Dow Jones' 30 components. Defense Stocks to Buy to Fortify Your Portfolio From vulnerable healthcare stocks to overpriced consumer staples plays and more, here are five Dow Jones stocks to sell before the market slides again.

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  Dow Jones, Small Caps Jump In Unison; These Growth Stocks Buck The Bears, Break Out

  Investor's Business Daily
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  Dow Jones Up, These Chip Stocks Give Nasdaq Oomph; 4 Big Cap Stocks To Watch Now

  Investor's Business Daily

Here's the next disaster in retail. Hint: it's not J.C. Penney dying

Thanks to shoppers spending cautiously on clothes in recent months — despite a rallying stock market and low 3.7% unemployment rate — retailers of all kinds are sitting on mountains of excess inventory. Now that inventory must be worked off at profit-margin-busting prices in order to make way for the lucrative, full-price garb targeted to back to school shoppers in August and September. That backdrop sets the stage for scores of earnings misses, lowered profit outlooks and downtrodden earnings calls with Wall Street when the retail sector begins to release results in mid-August.

Bed Bath & Beyond cuts 7% of corporate staff, including COO

The company also decided to eliminate the COO position, which was held by Eugene Castagna. The layoffs include vice presidents, directors and managers at its headquarters in Union, New Jersey, and at other select locations, the company said. The job cuts follow long-time Chief Executive Officer Steven Temares' departure in May, following pressure from activist investors, who cited the retailer's inability to grow sales and margins.

Coca-Cola CEO: Results Show North American Strategy Is Working

James Quincey, chairman and chief executive officer at Coca-Cola, discusses second-quarter results as the stock climbs to a record high. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."

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  Coca-Cola CFO: ‘We have a roadmap for expansion’

  Yahoo Finance Video
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  Coca-Cola Co (KO) Q2 2019 Earnings Call Transcript

  Motley Fool

AT&T fails to get cryptocurrency case thrown out as plaintiff puts loss at $24M

A federal judge won't let AT&T Inc. avoid a case that's getting attention in the cryptocurrency arena. Judge Otis Wright has turned downed the company's push to get a case thrown out, in part, from an AT&T customer, Michael Terpin, according to a court filing earlier this month. AT&T responded to the decision by saying it was "pleased the court dismissed most of the claims," according to a spokesperson in an emailed statement.

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  AT&T Fails to Win Dismissal in $24 Million Crypto SIM-Swap Lawsuit

  Coindesk
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  Judge rejects motion to dismiss AT&T lawsuit concerning $24M SIM-swapping hack

  The Block

Savings Accounts Are Fighting for Your Money Again. Here's the Latest Hot Deal

Good news for savers: Stiff competition among traditional banks, online banks, and new entrants into the cash-management market could keep rates on high-yield savings accounts at their highest-levels in more than a decade even as the Federal Reserve looks poised to lower benchmark interest rates later this month. Take Betterment, for example. The automated investment service — which relies on computer algorithms to invest client assets and was named MONEY's best robo-advisor for beginning investors last year— launched a new high-yield cash savings account on Tuesday.

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  Why everyone from Betterment to T-Mobile wants you to bank with them

  MarketWatch
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  Betterment To Add Banking Capabilities

  Investopedia

5 Reasons to Convert a Roth to a Traditional IRA

Yes, the Roth IRA gets you an investment account that is totally tax-free at retirement. You can no longer comfortably pay the immediate income taxes due on the money you're contributing to your Roth IRA. Converting to a traditional IRA is less of a financial stretch since the contribution to the fund is taken from gross pay, not takehome pay.

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  4 Basic Facts to Know About IRAs

  Investopedia
• 7 Best IRA Accounts for Your Investments

  U.S.News & World Report

Can GE Stock Get Out of Its Rut?

The Issues Facing General Electric Stock GE has lots of moving parts, and it continues to suffer from major challenges and headwinds. For example, UBS analyst Damian Karas recently downgraded GE stock to “neutral” with a price target of $11.50, down from $13. Part of his concern is the fall in interest rates.

How To Buy Stocks: Alibaba And Why The Cup With Handle Spurs Big Stock Market Profits

Chinese e-commerce giant Alibaba was one of the top stocks of 2017, surging more than 83% from a proper buy point to the year's peak price of 191.75. And it all started with a cup with handle, one of the bullish chart patterns that the biggest stock market winners form at the start of their rallies. At its purest form, a cup with handle is simply the result of human psychology, as well as institutional support and resistance.

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  Alibaba lets US small, medium businesses to sell on platform

  Associated Press
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  Alibaba to empower U.S. small businesses to sell globally

  Yahoo Finance Video

Coca-Cola sees 'dodgy' global economy, but still manages to blow Wall Street away

It will be hard for Wall Street to punch holes in Coca-Cola's (KO) second quarter results. Shares of the beverage giant popped 2% on Tuesday following better than expected second quarter earnings. Coca-Cola's adjusted earnings per share came in at 63 cents, higher than analyst forecasts for 61 cents a share.

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  Celanese (CE) Beats Q2 Earnings Estimates

  Zacks
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  First Defiance Financial (FDEF) Tops Q2 Earnings Estimates

  Zacks