The daily business briefing: July 11, 2016
Japan's stimulus plans and America's jobs gains lift stocks, Nintendo shares soar after 'Pokemon Go' debut, and more


A free daily digest of the biggest news stories of the day - and the best features from our website
Thank you for signing up to TheWeek. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.
1. Global stocks rise on expectations of new stimulus measures
Stocks rose in Europe and Asia on Monday, boosted by Friday's strong U.S. jobs report and expectations of new economic stimulus measures in other countries — including Japan, where Prime Minister Shinzo Abe ordered new stimulus measures after his coalition scored a big win in upper house elections. Japanese stocks jumped by nearly four percent. In the U.S., the S&P 500 starts the week within a point of a record high thanks to a Friday surge after the release of the report on June's employment gains. Earnings reports from big banks are expected to influence the market's direction this week.
2. Nintendo stock soars on 'Pokemon Go' popularity
Nintendo shares have surged by 25 percent since last week's release of its "Pokemon Go" smartphone app. The gains added more than $7 billion to the market value of the maker of Super Mario and Zelda games. The new app lets users track down virtual Pokemons near them, then train them for battle. Players have been going to great lengths — and traveling great distances — to find hard to reach "pocket monsters." The game has topped free-to-download app charts for Apple in the U.S. and Australia since it first became available on July 7.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
3. UFC reportedly sold for $4 billion
Ultimate Fighting Championship, the Las Vegas-based mixed martial arts organization, has sold itself to talent giant WME-IMG group for about $4 billion, UFC is expected to announce as soon as Monday. Private equity heavyweights Silver Lake, Kohlberg Kravis Roberts, and the investment firm of billionaire Michael Dell reportedly backed the deal, the largest such acquisition in sports history. Brothers Lorenzo and Frank Fertitta, who purchased UFC for $2 million in 2000 and own 80 percent, will keep a small stake in the league, in which contestants batter each other in an octagonal cage.
4. Tesla's Elon Musk promises master-plan update
Tesla co-founder and CEO Elon Musk tweeted on Sunday that he hoped to release the electric-car company's "top secret Tesla Masterplan Part 2" this week. Musk did not provide a hint of the contents of the new plan, a follow-up to a 2006 blog post in which he described his vision for the eventual rollout of the Tesla Roadster, the Model S sedan, and the coming launch of the lower-priced Model 3 sedan. That plan was titled "The Secret Tesla Motors Master Plan."
5. The Secret Life of Pets scores biggest weekend debut for an original film
The Secret Life of Pets smashed the record opening-weekend box-office haul for an original film, bringing in $103 million in ticket sales in the U.S. and Canada. The previous record of $90 million was set by Inside Out. The comedy from Illumination Entertainment and Universal Pictures was the sixth-biggest ever for an animated film, and the second biggest ever for a film by Illumination, behind last year's Minions. It was also Universal's highest-grossing debut of the year so far.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.
Sign up to our 10 Things You Need to Know Today newsletter
A free daily digest of the biggest news stories of the day - and the best features from our website
Harold Maass is a contributing editor at TheWeek.com. He has been writing for The Week since the 2001 launch of the U.S. print edition. Harold has worked for a variety of news outlets, including The Miami Herald, Fox News, and ABC News. For several years, he wrote a daily round-up of financial news for The Week and Yahoo Finance. He lives in North Carolina with his wife and two sons.
-
Why New York City was caught off guard by flash flooding
Talking Point Is climate change moving too fast or are city leaders dragging their feet?
By Theara Coleman Published
-
Today's political cartoons - October 2, 2023
Monday's cartoons - Biden's EV plan, the Senate dress code, and more
By The Week Staff Published
-
What is Rep. Matt Gaetz's endgame?
Today's Big Question The MAGA congressman loves to sow chaos, but there might be more to his latest moves than just disruption.
By Rafi Schwartz Published
-
The daily business briefing: October 2, 2023
Business Briefing Late-night talk shows return after writers end strike, student loan payments resume, and more
By Harold Maass Published
-
The daily business briefing: September 29, 2023
Business Briefing Newsom signs $20 minimum wage for California fast food workers, EEOC accuses Tesla of racial harassment, and more
By Harold Maass Published
-
The daily business briefing: September 28, 2023
Business Briefing China Evergrande suspends trading on Hong Kong stock exchange, oil prices jump to highest level in a year, and more
By Harold Maass Published
-
The daily business briefing: September 27, 2023
Business Briefing The FTC accuses Amazon of running an illegal online monopoly, Biden visits auto workers on picket line, and more
By Harold Maass Published
-
The daily business briefing: September 26, 2023
Business Briefing Ford halts work at $3.5 billion electric-vehicle battery plant, Costco offers members basic health care services, and more
By Harold Maass Published
-
The daily business briefing: September 25, 2023
Business Briefing Hollywood writers reach deal that would end strike, Canadian autoworkers ratify a new contract with Ford, and more
By Harold Maass Published
-
China: a superpower’s slump
The Explainer After 40 years of explosive growth, China’s economy is now in deep distress — with no turnaround in sight
By The Week Staff Published
-
The daily business briefing: September 22, 2023
Business Briefing Rupert Murdoch steps down as Fox, News Corp. chair, Cisco to buy Splunk in $28 billion cash deal, and more
By Harold Maass Published