>>Stocks Close Mixed To Start Week
(New York, NY) -- Wall Street closed mixed to start the week Monday. Stocks struggled for direction ahead of a busy week for corporate earnings and a key policy announcement from the Federal Reserve on Wednesday. On Semiconductor is among session's best performers gaining more than 12 percent on strong quarterly earnings and revenue. At the closing bell, the Dow Jones Industrial Average lost 49 points to 40-539. The S&P 500 gained 4 points to 54-63.
The Nasdaq rose 12 points to 17-370.
(Washington, DC) -- The U.S. is buying oil to replenish the Strategic Petroleum Reserve. The purchase of more than four-point-six million barrels of crude is the latest as the Department of Energy works to refill the emergency stockpile. More than 180 million barrel were released in 2022 in an effort to keep gas prices down after Russia's invasion of Ukraine. As of July 19th, the reserve, located in Louisiana, had about 374-million-barrels of oil.
>>Trump Says Bitcoin Stands For Freedom, Sovereignty And Independent From Government Control
(New York, NY) -- Former President Trump said that if he returns to the White House, he will make sure the federal government never sells off its bitcoin holdings. During his keynote speech at this year's Bitcoin Conference in Nashville, Trump pledged to create a bitcoin and crypto presidential advisory council, and also said "on day one, I will fire Gary Gensler." Gensler, the Biden-appointed chairman of the SEC, has taken an aggressive approach to crypto regulation. Trump's speech worked to distinguish between Republican's embrace of crypto, versus the rigid regulatory approach of the Biden administration. Many tech elites are contributing to pro-crypto super PACs like Fairshake, which has raised more than 200-million dollars to elect pro-crypto candidates up and down the ballot.
>>Starter Homes Worth At Least $1M In 237 Cities
(Undated) -- The typical starter home is worth at least a million dollars in some 237 cities across the nation. That's according to new numbers published by real-estate marketplace Zillow, which defines a starter home as those in the lowest third of home values in a given area. Five years ago, only 87 cities saw starter home prices of a million-dollars or more. More than half of the cities seeing the surge are in California. New York came in second, followed by New Jersey, Florida and Massachusetts.
>>McDonald's Misses Revenue Expectations
(Chicago, IL) -- McDonald's is reporting it missed expected revenue and earnings in the second quarter. The fast food chain reported just under six-point-five-billion-dollars in revenue, below the six-point-six billion analysts had predicted. The report comes as the company is seeing consumers who no longer see fast food as a good deal look at other options. McDonald's has tried to buck the trend by brining back specials like a five-dollar meal deal.
