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Stocks rise again...Employers post more openings...Icahn urges ‘no’ vote

August 7, 2018

NEW YORK (AP) — Stocks are rising again as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making some of the largest gains. Overseas markets are also higher.

NEW YORK (AP) — Arts and crafts marketplace Etsy surged 11 percent after it reported stronger sales than analysts anticipated and raised its forecasts for the year. Rental car company Hertz also did better than Wall Street expected, and its stock soared about 18 percent.

WASHINGTON (AP) — U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed workers for the third straight month. The Labor Department says job openings barely increased, rising just 3,000, to 6.66 million. That’s more than the 6.56 million people than were searching for work in June. It’s also close to April’s figure of 6.8 million, a record high.

SAN FRANCISCO (AP) — The prices of headphones, speakers, high-tech lighting and internet service could all go up if the U.S. trade war with China continues. The Trump administration’s hit list of Chinese products facing import taxes includes key components used in gadgets that can be wirelessly operated through a smartphone or another device. The tariffs also will nail networking equipment that makes the internet work.

NEW YORK (AP) — Carl Icahn is urging Cigna shareholders to vote against the health insurer’s attempted multi-billion dollar takeover of Express Scripts. In a letter, the billionaire and activist investor warned that Express Scripts, a pharmacy benefits manager, faces intense competition from Amazon, regulatory risks and said that it could lose the business of other health insurers that won’t want to deal with a company owned by a rival.

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