U.S. Markets close in 57 mins

Tesla's cash problem, Spieth playing golf's savior and Gap getting gutted

Kevin Chupka
Executive Producer/Writer

Greek rumors of a new debt deal prompted traders here at home to send stocks higher (^DJI, ^GSPC, ^IXIC) in the first half of Monday's session. Is it enough to break out of the range equities have been locked in for eight weeks? Not yet...

Here are some of the other stories Yahoo Finance is keeping an eye on today.

Tesla's cash problem
Shares of Tesla (TSLA) losing some ground today. A report surfaced this morning that the release of electric carmaker's new Model 3 might not come until 2018. It had been expected in 2017. Still, Tesla shares have been on a steady climb after hitting bottom in March and are now about $35 dollars from their all-time high. Tesla--  with just a single model for sale now--  has a market cap that's more than half of those of General Motors (GM) and Ford (F), and well above Fiat Chrysler's (FCAU).

Gap gets gutted by fast fashion
One stock that's seen some tough times over the past year is The Gap (GPS). Sales at the company's namesake stores in particular have struggled, and just last week The Gap announced it would close 175 outlets in the U.S. Is the rise of H&M, Uniqlo and Zara to blame?

Airlines getting wifi upgrades
The Wall Street Journal reports aerospace executives at last week's Paris Air Show talked about a future of expanded and improved Wi-Fi services in the air. With only 5% of U.S. fliers forking over the cash for access, the likes of Delta (DAL), American (AAL) and Jet Blue (JBLU) are looking for ways to entice travelers and bring in some more money.

Spieth the savior?Is golf entering a new golden era? This weekend's U.S. Open victory by the game's young new hero, Jordan Spieth, not only led to a big spike in TV ratings; it also adds to the drama of a potential "Grand Slam" with Spieth now aiming to win the third leg-- the British Open-- next month. Before the first Grand Slam event--  the Masters--  Golf Digest senior editor Ashley Mayo told Yahoo Finance that the success of Spieth and some of the other young guns in golf are will go a long way to raising interest in the game.

More from Yahoo Finance
Rand Paul wants to say 'goodbye tax code'
New kids on the block: IPOs grab Wall Street’s attention

Walmart welcomes back greeters