Elon Musk denies he discussed Apple-Tesla merger with Tim Cook
$Tesla (TSLA.US)$Chief Executive Officer Elon Musk said on Friday that he never met with $Apple (AAPL.US)$about a potential takeover and slammed the tech giant’s App Store fees, calling them a “global tax on the internet.”
He was responding to an upcoming book that says Apple CEO Tim Cook called Musk in 2016 about taking over Tesla.
The book claims that merger discussions en...

Weekly market recap
For the week, major US indexes set new records.  $Dow Jones Industrial Average (.DJI.US)$ gained 1.08%; the  $S&P 500 Index (.SPX.US)$is headed for a weekly gain of 1.96%, and the  $Nasdaq Composite Index (.IXIC.US)$ gained the most by 2.84% this week.
All three of the major averages finished at record closing highs last week after the markets tumbled at the start of the week on concerns about the spread of the delta variant of Covid and how it would potentially hinder the economic recovery. The uncertainty briefly sent bond yields lower, and investors jumped into tech stocks. Both bonds and equities rebounded quickly by the end of the week....

Stocks rose despite big GDP miss
U.S. stocks closed up Thursday, lifted by investors who decided to focus more on earnings and infrastructure rather than disappointing economic growth.
U.S. gross domestic product grew at a 6.5% clip in the second quarter, missing forecasts of 8.5%.
Still, Wall Street shrugged off the weaker-than-expected reading. The $Dow Jones Industrial Average (.DJI.US)$rose 153 points, or 0.45%. The...