Your Daily Dose of Financial News

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Jobs report Friday!  Here’s what to have in mind while you’re reviewing the numbers – Bloomberg and NYTimes and WSJ and MarketWatch

Apple officially hit the stupefying $1 trillion market cap mark yesterday, as its shares rose 3% just days after the company announced a “remarkably profitable” quarter – NYTimes and WSJ and Bloomberg and MarketWatch

Some perspective on a number that size – NYTimes and Bloomberg

Starbucks is joining forces with Alibaba for coffee delivery and virtual store ventures as it fights to maintain its position as “undisputed king of coffee in China” – NYTimes

Speaker company Sonos officially went public yesterday, with shares trading a nearly 25% higher than its initial price. The true measure of that success, however, has a lot to do with where the goalposts started – WSJ and NYTimes

Real estate services firm Cushman & Wakefield also made its public debut yesterday, raising $765 million through sales of 45 million shares – MarketWatch and WSJ

NY Federal Judge Naomi Reice Buchwald gave final blessing this week to two settlements worth a combined $250 million that resolve Libor-rigging claims against Citi and Barclays – Law360

An American Finance Trust investor who has sued the REIT over its proposed merger with American Finance Advisors is fighting back against defendants’ efforts to dismiss the case, reasserting allegations that AFT “withheld and obscured financial information, to the detriment of shareholders” – Law360

The Bank of England rather unexpectedly boosted interest rates on Thursday to their “highest levels in nearly a decade” as the central bank works to not only target inflation but give itself some room to operate should a Brexit-driven economic downturn hit Britain – NYTimes and WSJ and Bloomberg

So long massaging recliners and travel gadgets of all shapes and sizes.  Brookstone is closing all of its 102 mall-based stores and seeking bankruptcy protection – WSJ

Yes, there are big, complex problems in the world.  But Australia’s got a growing slang crisis.  So let’s just keep our eye on the real ball here – WSJ

We’ll be off next week for our final break of the summer—going full Clark Griswold and hitting the open road with a minivan full of kids. Please help me in hoping for the best.  See you back here on the 13th.

MDR

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