Stocks secured new intraday records as President Donald Trump again made vague references to a forthcoming tax reform plan. The president said a "massive" plan would be released in the "not-too-distant future." Domestic crude inventories rose at a steeper pace than anticipated. The Energy Information Administration reported an increase of 9.5 million barrels to U.S. stockpiles last week. Yahoo! (YHOO) jumped this morning on reports Verizon (VZ - Get Report) had reached a revised deal to acquire the Internet company. Verizon is reportedly close to making the new deal public. The acquisition was in jeopardy after a string of hacks left Yahoo vulnerable. Fortress Investment (FIG) rocketed higher after Softbank agreed to buy the asset manager for $3.3 billion. The per-share offer values Fortress at a 39% premium to its close at the beginning of the week.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
We Could See Fireworks for Gold Prices This Summer
Spot gold prices have fallen to its lowest level since May 3.
From McDonald's to Starbucks: The Biggest Fast-Food Chains In the World
McDonald's and Starbucks are two of the biggest fast-food chains in the world. Here's a breakdown of the biggest fast-food chains in the world.