Markets ended the week on a high note Friday, securing the second straight session of positive trading on the S&P 500, Nasdaq and Dow Jones Industrial Average.
The Nasdaq and S&P rose 0.66% and 0.36% respectively, closing the day at record highs. The Dow Jones rose 0.08% during the session.
Fed Says Lack Of Oversight Led to HSBC's Forex Missteps
1:30 PM EST
The Federal Reserve handed down a $175 million fine to HSBC Holdings PLC (HSBC) for "unsafe and unsound practices" in its foreign exchange trading business.
HSBC was fined for failing to properly monitor chatrooms where traders illegally swapped information about investment positions in the foreign exchange market, with is a $5 trillion-a-day market.
"The board levied the fine for deficiencies in HSBC's oversight of and internal controls over FX traders," the Fed said in a statement.
"We are pleased to have resolved this matter," an HSBC spokesperson told Reuters.
Jet.Com to Launch High-End Grocery Service
11 AM EST
The brand, dubbed "Uniquely J," will target "metro-millennials" -- youth centered in urban areas that Walmart currently does not reach.
Walmart has been aggressive in winning back the market share that Amazon has taken in recent years, as it expanded its own food and grocery options. Walmart purchased Jet.com last year for $3.3 billion. Amazon purchased Whole Foods earlier this year for $13.7 billion.
Roku's TV Streaming Device Operating System Will Drive Growth
10:33 AM EST
Shares of video-streaming service device maker Roku Inc. (ROKU) were up another 20% Friday morning, bringing the company's stock price to more than double the price it debuted at on Thursday.
While the company is known for its tv-top device and portable streaming stick, CEO Steven Louden told Market Watch that the company's streaming platform business will drive growth.
"What's important in the evolution of the company is that the platform business is becoming a greater-and-greater portion of Roku. It's now 80% of our gross profit and I think it's a great proof-point for investors about really what the Roku business model is about," Louden said.
The Strip Wasn't the Only Thing in Nevada That Lit Up This Summer
9:09 AM EST
Newly minted dispensaries in the state of Nevada sold $27.1 million worth of marijuana in July alone, the first full month the drug's recreational use was legalized.
The state was able to bring in $10.2 million from the sale of weed in July. Nevada made $6.5 million from industry fees and another $2.68 million from tax revenue.
The $27.1 million total is almost double what Colorado and Oregon brought in during their first months after legalizing cannabis.
Hackers Compromise Whole Foods' Credit Card Data
8:33 AM ET
Whole Foods Market, Inc (WFM) announced Thursday night that hackers stole credit card information from taprooms and full-service restaurants located in some of its stores.
No grocery store patrons were affected by the hack, the company said, as that credit card information is stored in a separate system.
Volkswagen's Q3 Bottom Line to Take $3 Billion Hit From Diesel Buyback
8:22 AM ET
Shares of German automaker Volkswagen (VLKAY) were falling sharply in Frankfurt after the company said that it would take a $3 billion charge to its third-quarter bottom line due to its diesel car buyback plan in the U.S. stemming from the emission scandal that tarnished its reputation.
Volkswagen will set aside the money to pay for the buyback program, which was mandated by the company's settlement with U.S. authorities.