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8-year-old girl fatally shot near Rayshard Brooks' memorial site; Atlanta mayor tells protesters to 'clear out' NBC NewsAtlanta mayor says Wendy's occupied by protesters will be cleared after shootings; 8-year-old girl killed Fox NewsReward for info on shooting death of 8-year-old during violent night in Atlanta CBS46 News Atlanta
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 Uber Technologies Inc. has agreed to purchase food-delivery service Postmates for around $2.65 billion, according to media reports Sunday night. Bloomberg News and the New York Times both reported the deal, which is expected to be formally announced as soon as Monday. Postmates would be absorbed into the Uber Eats service, with Uber Eats chief Pierre-Dimitri Gore-Coty running the combined company, the reports said. Reports of a pending deal first surfaced last week, after Uber failed in a bid earlier this year to acquire rival food-delivery company GrubHub.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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An 8-year-old was fatally shot in Atlanta near Wendy's restaurant where Rayshard Brooks was killed, police say USA TODAYAtlanta mayor says Wendy's occupied by protesters will be cleared after shootings; 8-year-old girl killed Fox NewsJuvenile killed after shooting on University Ave., near I-75/85 11AliveReward for info on shooting death of 8-year-old during violent night in Atlanta CBS46 News Atlanta
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 (Bloomberg) -- Chinese stocks extended their recent rapid climb, aided by an enthusiastic chorus from the nation's influential state media.The CSI 300 Index jumped as much as 4.2% on Monday morning, the most since February 2019. That's after it surged almost 7% last week. Turnover on the gauge was more than three times the average for this time of day. Brokerages led the gains after China International Capital Corp. hiked target prices for the industry, predicting the stock market will double in value in the next 5-10 years.A front-page editorial in the Securities Times on Monday said that fostering a "healthy" bull market after the pandemic is now more important to the economy than ever. The article pinned the accelerating gains on stock market reforms and excess global liquidity, while saying the struggle between the "world's powers" underscores the importance of a mature financial market.China's state media have long guided investors during key points in markets, whether talking up stocks or seeking to cool overheated speculation. While a strong domestic stock market would send a positive signal about China's resilience to the coronavirus pandemic, as well as aid company fundraising, it also risks inviting bubbles -- such as five years ago, when the equity market crashed after a debt-fueled rally."The state is very cautious about creating another boom-bust as seen in 2015, realizing the harm to confidence that comes from the bust is greater than the good from the ride up," said Wang Zhuo, fund m
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 At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
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 (Bloomberg) -- Extremely loose monetary policy will be required for a long time to support growing debt levels worldwide, buoying liquidity along with global equity and bond prices, according to JPMorgan Chase & Co."More debt, more liquidity, more asset reflation," was the conclusion strategists including Nikolaos Panigirtzoglou, who forecast a $16 trillion increase in worldwide debt this year that would push the combination of private and public sector borrowing to a record high $200 trillion by year-end.That will lead to higher savings rates, very accommodative central bank policies and more cash in the system -- the bulk of which may find its way into the global stock market, they wrote in a note Friday."Elevated cash holdings create a strong background support for non-cash assets such as bonds and equities," the strategists wrote. Given the current low level of bond yields, "most of this liquidity will eventually be deployed into equities as the need for precautionary savings subsides over time."The increase in global liquidity during the coronavirus crisis has happened at a much swifter pace that during the 2008 downturn, according to JPMorgan. Total money creation could exceed $15 trillion or more by the middle of next year as quantitative easing continues at a stronger-than-normal level, the strategists wrote.In the U.S., M2 money supply has risen $3 trillion so far this year to $18.4 trillion, according to Federal Reserve data compiled by Bloomberg.For more articles like this, please v
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At Least 77 People Shot In Chicago, 14 Of Them Killed, In July 4th Weekend Violence Since Late Friday CBS ChicagoPolice: 14-year-old dead after 8 shot in Englewood WGN NewsFourth of July weekend marked by violence as girl, 7, among dead in Chicago, cities see deadly shootings Fox News7-year-old among 14 killed, at least 70 shot over violent Fourth of July weekend WGN TV Chicago
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 Jul.05 -- The British government is preparing to begin phasing out the use of Huawei Technologies Co. equipment in the U.K.'s 5G telecoms network as soon as this year, a person familiar with the matter said. Selina wang reports on "Bloomberg Daybreak: Asia."
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Children ages 7, 8, and 14 killed as gun violence mars holiday weekend in Chicago and Atlanta ABC NewsFourth of July weekend marked by violence as girl, 7, among dead in Chicago, cities see deadly shootings Fox NewsPolice: 14-year-old dead after 8 shot in Englewood WGN News7-year-old among 14 killed, at least 70 shot over violent Fourth of July weekend WGN TV Chicago
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 The builders of the Atlantic Coast Pipeline are pulling the plug on the project as companies continue to meet mounting environmental opposition to new fossil fuel conduits in the U.S.
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The U. K. could cut Huawei out of the country's 5G infrastructure by the end of the year after GCHQ concluded that the risk posed by the company could no longer be managed.
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IT OUGHT to be a love-in. American companies support tax cuts and deregulation. As The Economist went to press, President Donald Trump was pushing the Senate to pass a sweeping, business-friendly tax reform. Instead, CEOs have reason to feel uneasy. In the first year of his presidency, executives have found themselves embroiled in public disputes with Mr Trump on everything from immigration to climate change. His advisory councils of business leaders have disbanded. The second year of his presidency is unlikely to be much smoother.
Some of these spats between the Oval Office and the corner office reflect Mr Trump''s ...
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