U.S. Stocks Open Lower as Wall Street Adjusts to China Currency Woes

Wall Street is adjusting to the new reality with China as stocks opened slightly lower Thursday.
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Wall Street is adjusting to the new reality with China as stocks opened slightly lower Thursday. Tesla (TSLA) is looking to sell 2.1 million shares in a capital raise. It hopes to bring in more than $500 million as it looks to expand its line-up, grow the retail operations and energy storage business. News Corp (NEWS) is planning to sell off its education arm, Amplify. The move highlights the difficulty that News Corp and others have had in moving into the digital age with education. Kohl's (KSS) back to school sales fizzled as its profit and sales missed estimates. Weekly jobless claims rose slightly by 5,000 to 274,000. Retail sales rose in July by .6% as rising employment helped shoppers have confidence.