U.S. stocks rose modestly on Tuesday, Aug. 23, as gains in the tech sector helped buoy the Nasdaq to a record intraday high and solid housing market data provided more evidence the economy may be picking up momentum. With the U.S. earnings season winding down, investors are also turning their focus to the likelihood of an interest rate hike in the coming months.
BATON ROUGE, La. - - U.S. President Barack Obama walked door to door in an East Baton Rouge Parish neighborhood on Tuesday, Aug. 23, hugging people and offering assurances that the country would help them recover from some of the worst floods ever recorded in Louisiana. "What I want the people of Louisiana to know is, you're not alone on this, even after the TV cameras leave," Obama said after touring brick homes whose lawns were cluttered with slabs of drywall and soaked sofas and mattresses.
LONDON—Standing in line for a special ceremony, uniformed soldiers of His Majesty the King of Norway's Guard are carefully inspected—by a penguin. Sir Nils Olav, a resident king penguin at Edinburgh Zoo, was honored with the title of brigadier on Monday, Aug. 22, during a parade in the Scottish park. The bird is the mascot of His Majesty the King of Norway's Guard and was made a knight in 2008.
WASHINGTON—New U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years as demand increased broadly, brightening the housing market outlook.
OTTAWA—The parent company of infidelity dating website Ashley Madison was responsible for numerous violations of privacy laws at the time of a massive release of customer data in a cyber attack last year, privacy watchdogs in Canada and Australia said on Tuesday, Aug. 23. The two countries launched an investigation after the 2015 breach of Avid Life Media Inc's computer network, when hackers exposed the personal details of millions who signed up for the site with the slogan "Life is short. Have an affair."
A report from The Netherlands adds to the evidence tying chronic gum disease to heart disease and stroke. In a study of more than 60,000 dental patients, those with gum disease were twice as likely to have had a heart attack, stroke or severe chest pain. Previous studies have linked periodontitis and clogged arteries, but this is the first to investigate the link in a group of people this large, the researchers say.
NEW YORK—"Hunger Games" star Jennifer Lawrence on Tuesday, Aug. 23, topped a Forbes magazine list of the world's highest-paid actress for the second straight year, earning some $46 million, followed by Melissa McCarthy. Lawrence, 26, took the top spot largely through a slice of the profits from the final movie in the "Hunger Games" franchise, as well as a big upfront fee for her forthcoming space adventure movie "Passengers," Forbes said.
At long last, cherry tomatoes are here, pay dirt for every ghastly love apple we've had to eat out of season. Whether Italian heirlooms or American hybrids, Ciliegini or Principe Borghese, Sun Golds or Black Pearls, Sugar Snacks or Honeydrops, these babies are tomato candy. What the best of them have that the Beefsteaks and other big boys of backyard gardens and farmers markets often fail to deliver is the sharp acid sweetness that nature intended for their breed.
BERLIN—Volkswagen and two of its parts suppliers on Tuesday, Aug. 23, resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, and ES Automobilguss, which produces cast iron parts needed to make gearboxes, but gave no further details. The suppliers confirmed an agreement had been reached.
Singer and actress Demi Lovato has been accused by American indie rock band Sleigh Bells over copyright infringement. Alexis Krauss and Derek Miller of the Brooklyn-based band said in a lawsuit filed on Monday, Aug. 22, in California federal court that "Stars," a bonus track on Lovato's 2015 hit album "Confident," contains significant material taken from their 2010 song "Infinity Guitars."