Amazon (AMZN) could release a new music service in September, according to Recode. However, the report says Amazon hasn't yet finalized deals with major music labels and publishers. One of Amazon's potential music service would charge $5 a month and only work with its Echo speaker system. Another service would be $10 a month and compete with Apple (AAPL) and Spotify. Goldman Sachs (GS) is out with a warning about oil prices. It says the slide in prices may continue. Oil is up 15% since the beginning of August on expectations of an OPEC production cut in September but has recently been losing altitude. Toll Brothers (TOL) saw a 24% increase in revenue. The homebuilder's results were better than expected as it sold more luxury homes at higher prices. Orders, a key metric of future revenue, rose 18% in the 3rd quarter.
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