In. Play from Briefing. USA Tech confirms filing a registration statement for a proposed underwritten public offering of its common stock consisting of approximately $3. USAT) : 7: 3. 5 pm Sears Holdings announces secured line of credit facility, details real estate transactions (SHLD) : The co announced that it has entered into an amendment to its existing Second Lien Credit Facility dated September 1, 2. ![]() ![]() The amended credit facility provides an uncommitted line of credit facility under which subsidiaries of the Company may from time to time borrow line of credit loans, subject to applicable borrowing base limitations, in an aggregate principal amount not to exceed $5. Individual Line of Credit Loans under the Line of Credit Facility are expected to have maturities of up to 1. Second Lien Credit Facility. Lampert, the Company's Chief Executive Officer and Chairman, is the sole stockholder, chief executive officer and director of ESL Investments, which controls the Agent under the Line of Credit Facility. ESL has indicated that it is considering participating in the Line of Credit Facility as a lender, but ESL is under no obligation to do so. The Company intends to discuss additional Line of Credit Facility advances with additional lenders from time to time. This week's biggest % gainers/losers (: WRAPX) : The following are this week's top 2. K average daily volume). Conyers Park Acquisition and Atkins Nutritionals complete business combination (CPAA) : Per the terms of the merger agreement, Conyers Park and Atkins have combined under a new holding company, The Simply Good Foods Company. The common stock and warrants of Simply Good Foods will be listed on the NASDAQ stock exchange beginning July 1. Jay is a large high- grade kimberlite, and was approved for construction by the Company in July 2. Lending Club cautions investors against potential unsolicited exchange offer from IEG Holdings (IEGH) (LC) : The co announced that on June 2. Board of Directors received a letter from IEG Holdings Corporation (IEGH) stating its intention to acquire up to 9. Lending. Club on the basis of two shares of IEG common stock for each share of Lending. Club common stock, representing a 3. Lending. Club's common stock. Closing Market Summary: Investors Rally Around June Jobs Report (: WRAPX) : Investors rallied around the Employment Situation Report for June on Friday to finish the abbreviated week on a positive note. The Nasdaq led the advance, moving higher by 1. S& P 5. 00 and the Dow settled with gains of 0. All three major averages finished the week modestly higher with the S& P 5. The Employment Situation Report for June was well received by the market as it emphasized the economy's modest growth rate with a solid nonfarm payrolls reading (2. Briefing. com consensus) while at the same time tempering inflation concerns with a lower than expected average hourly earnings reading (+0. Briefing. com consensus). In other words, it was another 'Goldilocks' report that should give the Fed some cause for pause when considering the timing of the next rate hike. Following the jobs report, the CME Fed. Watch Tool is still pointing to the December FOMC meeting as the most likely time for the next rate- hike announcement with an implied probability of 5. The S& P 5. 00 opened Friday's session with a modest gain and continued climbing throughout the morning, eventually settling near its session high. Eight of eleven sectors settled in the green, but none with a greater gain than the top- weighted technology sector (+1. The influential financial sector (+0. Transports underpinned the industrial sector (+0. Dow Jones Transportation Average (+1. The consumer discretionary sector (+0. The remaining advancers finished with gains ranging from 0. On the downside, three groups- -telecom services (- 0. Crude oil weighed on the energy sector, dropping 2. Thursday's EIA inventory report, which showed a rise in U. S. Treasuries moved lower in a curve- steepening trade on Friday, increasing the 2yr- 1. The benchmark 1. 0- yr yield climbed two basis points to 2. It's also worth pointing out that U. S. President Donald Trump and Russian President Vladimir Putin reached an agreement on a ceasefire in western Syria in their first face- to- face meeting since Mr. Trump's victory in the 2. Taking another look at Friday's economic data, which was limited to the Employment Situation Report for June: May nonfarm payrolls hit 2. Briefing. com consensus expected a reading of 1. The prior month's reading was revised to 1. Nonfarm private payrolls added 1. Briefing. com consensus expected an increase of 1. The previous month's reading was revised to 1. The unemployment rate rose to 4. Briefing. com consensus 4. Average hourly earnings increased 0. Briefing. com consensus +0. The average workweek was reported at 3. Briefing. com consensus of 3. The previous month's reading was left unrevised at 3. The labor force participation rate increased to 6. June from 6. 2. 7% in May. The key takeaway from the report is that the weak year- over- year growth in average hourly earnings (2. In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, ER, FX rate or Agio) between two currencies is the rate at which one currency will be. VLCC Services offers scientific Weight Loss solutions and therapeutic approach to beauty treatments, making beauty, fitness and health accessible. Yuval Atzili was my student. There is a limit to what you can know about your students. There has to be. Even when they are ex-students and ex-teachers. Fed some cause for pause when considering the timing of its next rate hike. On Monday, investors will receive May Consumer Credit (Briefing. ET. Nasdaq Composite +1. YTDS& P 5. 00 +8. YTDDow Jones Industrial Average +8. YTDRussell 2. 00. YTD Week In Review: Equities Eke Out Slim Gains in an Abbreviated Week. Equity indices kicked off the third quarter on a positive note, finishing the first week of July with modest gains. Trading volume was light as many investors took some extra time off to celebrate the Fourth of July holiday. The S& P 5. 00 added 0. Nasdaq and the Dow finished with gains of 0. The major averages settled mixed in an abbreviated session on Monday. The financials and energy sectors were bullish, finishing at the top of the day's leaderboard, and helped the S& P 5. The tech- heavy Nasdaq wasn't so lucky, dropping 0. Dow outperformed, hitting a new intraday record high. U. S. The minutes from the June 1. FOMC meeting were released on Wednesday, but did little to change the market's rate- hike expectations. In the minutes, Fed members seemed generally upbeat about economic activity and gave the impression that they believe the recent softness in inflation is transitory. In addition, Fed officials were divided on when to start unwinding the Fed's balance sheet; some wanted to start in a couple of months while others preferred to hold off until the end of the year. Investors pulled back on Thursday, dragging all three major averages into negative territory for the week and leaving the S& P 5. The market expressed concerns about less accommodative central bankers, evidenced by rising interest rates around the globe. Treasuries moved in a curve- steepening trade, helping to keep the influential financial sector ahead of the broader market. The Employment Situation Report for the month of June, which showed the addition of 2. Briefing. com consensus 1. Briefing. com consensus +0. Friday's session. The report was largely seen as another 'Goldilocks' report, pointing to an economy that is growing at a modest rate without the worry of inflation. Eight of the S& P 5. Friday in the green, which was just enough to bring the benchmark index back into positive territory for the week. The technology group was the top- performing sector, benefiting from broad strength. However, the energy group underperformed as crude oil weighed. WTI crude futures struggled this week, dropping 4. OPEC exports increased in the month of June and headlines that Russia is not in favor of deepening the current OPEC- led production cut agreement. In addition, the weekly inventory report from the Department of Energy, which showed a rise in U. S. Value Fund postpones annual stockholder meeting (SVVC) : The rescheduled Annual Meeting will be held on Tuesday, September 2. PM, Pacific Time, at the Hilton San Jose, 3. Almaden Blvd., San Jose, CA 9. Global Ship Lease to suspend its previously announced 'opportunistic' senior secured notes offering (GSL) : The Company intends to continue its ongoing efforts to identify attractive opportunities to proactively refinance its 1. Senior Secured Bonds due 2. Alere shareholders approve merger with Abbott (ABT) (ALR) : The transaction remains subject to the satisfaction of customary closing conditions, including applicable regulatory approvals. Rockwell Collins adds $2. COL) : With this additional authorization, total share repurchases authorized as of July 7, 2. Agree Realty announces the resignation of CFO and Secretary, Matthew Partridge, to accept a position with a privately- held real estate development company (ADC) : The resignation will take effect after a transition period, which is expected to end on or around August 4, 2. Kenneth Howe, former Chief Financial Officer of the Company, has been appointed to serve as interim Chief Financial Officer upon Mr. A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. Like the discretionary sector, industrials outperformed throughout the day. Transport stocks fueled the rally as the Dow Jones Transportation Average climbed 0.9%. ![]() Partridge's departure. Inotek Pharmaceuticals announces 'no meaningful clinical advantage in IOP reduction' from its Phase 2 trial of trabodenoson and latanoprost for the treatment of glaucoma, announces it is exploring strategic alternatives - -shares halted- - (ITEK) : After 2. Days of once- daily morning treatment (: QAM), the fixed combination of trabodenoson 3% and latanoprost 0. Hg improvement in intraocular pressure (: IOP) reduction compared to the latanoprost 0. However, at Day 5. QPM), no meaningful clinical advantage in IOP reduction for the fixed dose combinations was observed. Co states, . The Nasdaq (+1. S& P 5. 00 (+0. Dow (+0. 5%), but all three major averages are currently trading near their best marks of the day. ![]() The Employment Situation Report for June has been taken for another 'Goldilocks' report as it emphasized the economy's modest growth rate with a solid nonfarm payrolls reading (2. Briefing. com consensus) while at the same time tempering inflation concerns with a slightly lower than expected average hourly earnings reading (+0. Briefing. com consensus).
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