JaysonPhotography/iStock/ThinkStock(NEW YORK) -- Stocks regained some ground after several big companies reported better than expected earnings and as markets in China and Europe stabilized.
As global stock markets calmed, investors moved money out of safe-haven assets like bonds and commodities. Better than expected earnings lifted big companies like UPS, Ford, and Reynolds American.
After the bell, Twitter and Yelp beat earnings estimates. The S&P/Case-Shiller index of home prices, rose 4.9 percent in May from over a year ago. The Dow rose nearly 190 points at 17,630 and Nasdaq rose 49 points. S&P was up 25 and a half. Crude oil rose above 47 dollars a barrel.
Volkswagen surpassed Toyota in global vehicle sales for the period between January and June, the first time the German automaker came out on top.
A bill raising the lending authority for the Small Business Administration's biggest loan program was passed by the House and is being sent to President Obama.
iStock/Thinkstock(NEW YORK) — Chances are your Android device is one of the 950 million Android phones vulnerable to an exploit that allows hackers to gain control of the device by sending a malware infected picture message.
Details of the hacking threat, which has been dubbed Stagefright, were published this week by cyber security research firm Zimperium.
The only devices safe from the bug are those running anything below version 2.2, according to Zimperium. A Google representative told ABC News the company's Android team was notified of the bug.
"This vulnerability was identified in a laboratory setting on older Android devices, and as far as we know, no one has been affected. As soon as we were made aware of the vulnerability we took immediate action and sent a fix to our partners to protect users," the representative said.
It was unclear yet whether any of Google's partners had pushed out the patch to users. However, Robert Siciliano, an online safety expert to Intel Security, told ABC News that now is a good time to ensure automatic updates are enabled on their devices if it's an option.
"Android users by default should have antivirus running on their mobile devices," he added. "Unfortunately antivirus is a download that requires their attention."
Getty Images News(LOS ANGELES) — People who own a Nike FuelBand may be getting $15 or a $25 Nike gift card if a proposed settlement of a lawsuit over the fitness device's accuracy receives final approval.
A class-action lawsuit alleges that Nike and Apple breached their warranty and made false or misleading statements over the FuelBand's ability to accurately track calories and steps, according to the complaint filed with Los Angeles County Superior Court on May 17, 2013. A second, amended complaint was filed this May. The FuelBand offered by Nike and Apple uses a wristband accelerometer to track time, steps and calories burned.
Carolyn Levain from Los Angeles is the named plaintiff who filed the lawsuit regarding the device, which was first released in 2012. She says she bought one for herself and eight as gifts. Her lawsuit disputes the claims of the companies that the device "measures each step taken and calorie burned."
"In truth, the Nike FuelBand cannot and does not track each calorie burned, or each step taken," her lawsuit states. Levain could not be reached for comment by ABC News.
Nike continues to deny the allegations and any wrongdoing and says it is settling to avoid uncertainties of lengthy litigation.
An Apple store representative told ABC News Tuesday that the Nike FuelBand is no longer sold.
Under the proposed settlement to which Nike and Apple have both agreed, Nike will provide to people who bought a FuelBand between Jan. 19, 2012, and June 17, 2015, a $15 check or a $25 gift card for each FuelBand they can prove they own redeemable at Nike-owned stores in the U.S., Puerto Rico and through Nike.com. Nike would pay for these costs and attorneys' fees up to $2.4 million, according to the settlement agreement.
A hearing is scheduled for Nov. 4 to determine whether the proposed settlement will be approved.
FuelBand users who agree to the settlement would be required to submit a claim form by Jan. 4, 2016 at NikeFuelBandSettlement.com or submit it via mail. Those who continue to wish to sue Nike or Apple must submit a form to exclude themselves from the settlement class.
Paul Philips, attorney for the plaintiff, told ABC News that both sides of the case "worked diligently to get the matter resolved."
A spokeswoman for Apple declined to comment to ABC News. Nike did not respond to requests for comment from ABC News.
An invite to an upcoming Samsung Galaxy event in New York. (Samsung)(NEW YORK) — Expect Samsung to go even bigger at the company's "Unpacked" launch event.
While the South Korea-based electronics company is keeping its agenda for the Aug. 13 event in New York City under wraps, it's widely expected Samsung will stick to what it does best and release the latest in its line of super-sized smartphones.
The event is likely to include the all-new Galaxy Note 5, a refresh of Samsung's smartphone and tablet hybrid.
It's also expected Samsung could introduce an even larger version of its flagship Galaxy S6 Edge, satisfying customer demand for plus-sized smartphones.
Also don't count out potential updates to Samsung Gear VR, the virtual reality headset that made its debut last September.
The event comes at a crucial time as Samsung struggles to reverse a slump in smartphone sales and profits as well as heeding off competition from Apple and Chinese rivals, including Xiaomi and Huawei, among others.
While Samsung was expected to hold the event in September, the company moved it back a month, according to the Wall Street Journal, to ensure it wouldn't be lost in the hype of an anticipated Apple event in September.
1715 Fleet - Queens Jewels, LLC(FT. PIERCE, Fla.) — Florida treasure hunters hit the sunken treasure jackpot.
Brent Brisben, co-founder of 1715 Fleet-Queens Jewels LLC — the company that has the rights to dive at the wreckage site where the gold was discovered — told ABC News that the 60 gold artifacts on the bottom of the ocean floor are valued at over $1 million.
The artifacts include 51 gold coins and 40 feet of gold chains with hand-crafted links, he said.
The centerpiece of the discovery is a single coin, called a Royal, that was meant to be delivered straight to Spanish King Phillip V, Brisben said.
This makes up for about half of the discovery’s expected value with a price tag of more than $500,000, Brisben said.
The valuable find comes right before the 300-year anniversary when the 11-ship fleet sunk in a hurricane on July 31, 1715 off the Florida coast. The fleet had left from Havana, Cuba, on July 24, 1715.
Brisben said the discovery was made about a month ago, but he wanted to keep everything under wraps until the anniversary got closer.
The treasure discovery — caught on video — was found by one of the company’s sub-contractors, the Schmitt family, in 15-foot deep water off the coast of Ft. Pierce, Florida, according to Brisben.
Over the past two summers, the Schmitts have made national news thanks to their discoveries from the fleet of Spanish ships, The Orlando Sentinel reported.
In 2013, the family found several pieces of a solid gold chain — more than 60 feet in all — and last year Schmitt found the back portion of a handcrafted gold-filigree pyx, a vessel used to hold the Eucharist during the Christian observance of Holy Communion.
Brisben said up to 20 percent of the find goes to Florida and the remainder of the treasure will be divided between the company and the Schmitt's.
Coffee Meets Bagel(NEW YORK) -- The Kang sisters -- Soo, Dawoon and Arum -- stunned everyone when they said no to $30 million, walking away from Mark Cuban’s record-setting offer for their dating app on ABC’s Shark Tank earlier this year.
“We got so many emails, ‘You sisters are so crazy! What are you thinking?’” Dawoon Kang told ABC News' Nightline. “Seeing all the comments and reviews … I have to wonder, being called ‘greedy,’ ‘gold digger,’ would we have been called those names if we were not women? I had to wonder that.”
“If we were men, we would probably be called ‘Bold! Visionary! Brave’ for rejecting. Of course we weren’t called that,” Arum Kang added, laughing.
But it may very well turn out to be a brave, bold and visionary move because Soo, 35, Dawoon and Arum, both 32, believe their dating app, Coffee Meets Bagel, is worth a whole lot more, especially now that Tinder is valued at $1.5 billion.
Coffee Meets Bagel, which has raised $7.8 million in external funding and has more than doubled its user base since appearing on Shark Tank in January, markets itself as an alternative for those fed up with over-sexualized dates the sisters say are on other dating services. Instead, it fixes up people up with matches that focus on quality over quantity.
“We like to call ourselves the anti-Tinder,” Arum said. “Any woman who has used tinder has one or many stories of the kinds of behavior men exhibit on Tinder … it’s not the greatest experience and … it feels creepy.”
Coffee Meets Bagel is free and the app delivers one match, or a “Bagel,” by noon each day, according to its website. Users have 24 hours to choose either to “Like” or “Pass” on their Bagel, and if two people “Like” each other, then the app will open a private chat for them to set up a date, which only lasts for seven days.
Bagels are determined through a computer algorithm that combs through users’ Facebook friends and “friends of friends,” assessing interests and personal experiences to match users with profiles similar to theirs.
But Coffee Meets Bagels faces competition in a crowded niche dating app market, going up against apps like Tinder, Hinge, Bumble and The League, which are all vying for their piece of the estimated $2 billion online dating industry.
But unlike Tinder, where 58 percent of its users are male according to their statistics, Coffee Meets Bagels boast a majority of female users. The Kang sisters say that’s because their users are looking for love, not necessarily sex.
"Women make up nearly half of Tinder's user base," Tinder said in a statement to ABC News, and "there are millions of 'swiped right' stories that show Tinder is creating meaningful and lasting connections around the world."
Jamie Miller, who just moved to San Francisco from a small town in Ohio, tried Coffee Meets Bagel because she wanted to weed out the weirdos.
“When I first moved here I met a handful of guys but I felt like no one took it seriously,” she said. “Just, ‘Hey nice to meet you… bye…’ and I want something more than that.”
Her first “Bagel” was Zach, a 26-year-old business developer for another start-up, and in talking to each other, they both found out they had athletics in common.
“We have a lot in common,” Miller said. “He has a great personality. I really like him so far. It’s the beginning.”
Whether this Bagel will turn out to be “the one” or not, the Kang sisters are confident that Coffee Meets Bagel has what it takes to revolutionize the dating game.
At their home office in New York City, they have a wall of fame dedicated to some of their early users who ended up marrying their matches. In fact, the sisters say they are now generating about 500 couples per week, with more than 200 marriages and 20,000 relationships as a result of matches through their app.
“At the end of the day we knew we made the right decision,” Dawoon Kang said.
Courtesy Walmart(WINFIELD, Kan.) -- There’s a lot to celebrate as you get older. Especially when you’re 103 and Walmart’s oldest employee in the United States.
Meet Loren Wade, who on Saturday celebrated his 103rd birthday and 33 years as a Walmart employee with dozens of his closest friends.
“It was great. Lots of people. It was quite a deal,” Wade told ABC News. “People I’d worked with here in the store that had been transferred to another store came to see me, and to me that was great. I really enjoyed it.”
Wade has worked in the garden shop at his local Walmart, helping out as needed restocking shelves, organizing inventory and manning the cash register.
“I just like to be with people. I’ve been pretty active all my life and worked several jobs,” he said.
In fact, that’s what Wade attributes as the secret to his longevity.
“I think the main thing is that I work all the time. I don’t want to sit around. It’s boring to sit around the house and do nothing so I try to have something to do all the time,” he explained. “A job gets me up in the morning and keeps me out.”
Wade grew up in Winfield, Kansas, and has lived there his entire life, securing his first job at 12 pulling weeds at a nursery. After graduating from high school, he made iron and aluminum castings then worked at an auto garage, drove a truck during the Depression and ushered at a movie theater.
Wade also served 43 months in the Air Force in India and China, and when he returned, he worked in flooring and for the U.S. Postal Service. Then, in 1983, he left the USPS for Walmart, where he’s been ever since.
“Loren is one awesome person,” department manager Ron Collins told ABC News. “I’m proud to have him and proud to work with him daily. He will do anything for you.”
It’s a common sentiment for those describing Wade. Another coworker called him “a good human being.”
Which is why around 200 people, including his wife, two sons, daughter and two grandchildren, came out for his birthday celebration, where Wade played the saxophone, talked with his friends and announced Walmart’s $125,000 donation to the Friends of the National World War II Memorial.
“I don’t deserve it,” Wade said. “That’s the thing. I don’t know, I’m not embarrassed, but, it’s quite a deal.”
Spencer Platt/Getty Images(NEW YORK) -- New York's LaGuardia Airport is getting a makeover.
Vice President Joe Biden joined New York Gov. Andrew Cuomo in announcing that the airport will be torn down next year and rebuilt.
The plans to revamp the airport come after several complaints about LaGuardia. Vice President Joe Biden explained, "It's about the hallways that don't make sense, the connections that don't connect, the wait times, the flight delays, the crowded concessions and bathrooms."
Gov. Andrew Cuomo described the plan for the new facility. "The new airport eliminates the isolated terminals, builds one unified terminal."
The project will cost $4 billion dollars and is partially being funded privately.
The project is expected to create 8,000 direct jobs and 10,000 indirect jobs, according to a press release from Gov. Cuomo's office. The first part of the project will be managed by LaGuardia Gateway Partners. The second half of the project will be redeveloped by Delta Air Lines.
The first part of the project is slated to begin in early 2016, once final approval from the Board of Directors of the Port Authority of New York and New Jersey is given.
The airport is expected to open to passengers in 2019 and then full completion 18 months after. As for security, the governor added, "it will incorporate in the design the new security protocols, it will also have train and ferry access."
Justin Sullivan/Getty Images(NEW YORK) -- During its first year in existence, Mark Zuckerberg's Internet.org initiative has brought free online access to more than one billion people in emerging markets but it turns out the service could also be beneficial for mobile providers' bottom lines.
Launching first in Zambia, Internet.org has since teamed up with mobile operators in 17 countries with the goal of giving people free access to basic Internet services, including weather, health information, job advertisements and of course, Facebook.
Of the people who downloaded the Internet.org app, more than half chose to pay for data within the first 30 days of being online, according to a statement posted in the Facebook newsroom.
"These points show that Internet.org is not only a successful tool in helping bring people online, but it is successful in showing people the value of the internet and helping to accelerate its adoption," the statement said.
People using Internet.org accessed health services more than one million times in the past month, according to Facebook.
While the reach of Internet.org over the past year has been a success, the project also faced its first major controversy in India when several Indian firms decided to pull out of the project due to concerns that the app does not provide equal access to information, one of the principles of net neutrality.
Zuckerberg announced in May the platform would be opened up to any developer who wishes to participate. Developers who want to be included in the Internet.org experience will have the chance to create experiences that adhered to the initiative's technical specifications -- which stress simple and data efficient websites.
Websites do not pay to be included in the Internet.org app and developers are not charged for the data people use to access their sites.
"Because these services have to be specially built to these specifications, we started by offering just a few," a Facebook blog post said at the time. "But giving people more choice over the services they use is incredibly important and going forward, people using Internet.org will be able to search for and use services that meet these guidelines."
Dolly Parton's Tennessee resort opens Monday in the Great Smoky Mountains. The 300-room DreamMore Resort is named for the singer's 2012 book of the same name.
Parton's presence is felt throughout, with instruments she toured and performed with on display and album covers lining the walls of the lobby. Guests will be greeted with pink lemonade upon arrival at DreamMore, the signature drink of the hotel. There's a focus on butterflies throughout the logo and decor, a nod to the singer's fascination with them. There's even a "bedazzled butterflies" manicure and pedicure on offer in the resort spa. On each elevator landing guests will find a "Dollyism" phrase of wisdom; one reads, "If you want a rainbow you have to put up with the rain."
The resort calls itself an extension of the theme parks — Dollywood and Dollywood Splash Country — and DreamMore guests get free transportation to the parks, among other privileges.
With its proximity to the Great Smokies and the theme parks, the resort's focused on attracting families as guests: There are multi-generational accommodation options, rooms with bunk beds, and affordable dining. A family-style dinner for four is priced at $55 at the resort restaurant. There are kids' activities scheduled daily and a family bedtime story each evening. The spa services kids as young as 4.
Frederick M. Brown/Bryan Mitchell/Getty Images(NEW YORK) -- Elon Musk and Stephen Hawking are among the leaders from the science and technology worlds calling for a ban on autonomous weapons, warning that weapons with a mind of their own "would not be beneficial for humanity."
Along with 1,000 other signatories, Musk and Hawking signed their names to an open letter that will be presented this week at the International Joint Conference on Artificial Intelligence in Buenos Aires, Argentina.
Autonomous weapons are defined by the group as artillery that can "search for and eliminate people meeting certain pre-defined criteria, but do not include cruise missiles or remotely piloted drones for which humans make all targeting decisions."
"Artificial Intelligence (AI) technology has reached a point where the deployment of such systems is -- practically if not legally -- feasible within years, not decades, and the stakes are high: autonomous weapons have been described as the third revolution in warfare, after gunpowder and nuclear arms," the letter, posted on the Future of Life Institute's website says.
If one country pushes ahead with the creation of robotic killers, the group wrote it fears it will spur a global arms race that could spell disaster for humanity.
"Autonomous weapons are ideal for tasks such as assassinations, destabilizing nations, subduing populations and selectively killing a particular ethnic group," the letter says. "We therefore believe that a military AI arms race would not be beneficial for humanity. There are many ways in which AI can make battlefields safer for humans, especially civilians, without creating new tools for killing people."
While the group warns of the potential carnage killer robots could inflict, they also stress they aren't against certain advances in artificial intelligence.
"We believe that AI has great potential to benefit humanity in many ways, and that the goal of the field should be to do so," the letter says. "Starting a military AI arms race is a bad idea, and should be prevented by a ban on offensive autonomous weapons beyond meaningful human control."
Apple Inc.(NEW YORK) -- Apple is expanding sales of its Apple Watch outside the company's store by allowing its flagship wearable device to be offered at Best Buy locations across the United States.
Beginning Aug. 7, Best Buy will be the first national retailer outside of Apple stores to offer customers the chance to purchase an Apple Watch in store or online, company officials said on Monday. The wearable is expected to come to 100 stores during the first phase, with a plan to expand to 200 more in time for the holiday shopping season.
"The Apple Watch is a big addition to our stores and website, and we know our customers want it," Jason Bonfig, senior category officer at Best Buy, said in a statement. "We are excited to bring the Apple Watch to more consumers, especially with the holidays coming up."
When Apple debuted the wearable in April, the company placed an emphasis on the personalized retail experience, allowing customers to make appointments to try on watches during the initial demand period. Apple stores also installed glass cases to display the entire range of watches, which span from the $349 Apple Watch Sport to a gold $17,000 Apple Watch Edition.
Customers at Best Buy can expect a similar but pared down experience. While the high-end Edition models won't be available, Best Buy will carry 16 Apple Watch models for customers to try on, including Sport and Watch models with both the 38 mm and 42 mm face options.
In addition, Best Buy plans to carry various accessories, including watch bands, stands and chargers, positioning the wearable and various ideas going with it as top gifts for holiday shoppers.
During Apple's third-quarter earnings call last week, the company's chief financial officer, Luca Maestri, did not disclose how many watches Apple had sold, however he said the wearable accounted for "well over 100 percent" of the approximately $900 million growth in the company's "other products" category.
In total, that category made $2.6 billion in revenue from April to June compared to more than $1.7 billion in the same period a year ago. Maestri reiterated that the company won't break out the unit sales of the Apple Watch because it declines to "provide insight that could help our competitors."
JEWEL SAMAD/AFP/Getty Images(WASHINGTON) -- In the largest civil penalty ever imposed by the agency, the National Highway Traffic Safety Administration has slapped Fiat Chrysler with a fine of up to $105 million for allegedly mishandling the recalls of more than 11 million potentially defective cars.
"We're sending very sharp signals to the industry that we’re not playing around," Transportation Secretary Anthony Foxx said in an exclusive interview with ABC News. "If you violate the law, if you don’t do recalls properly, you’re going to get called on it."
According to the NHTSA, Chrysler botched nearly two dozen recalls, including those involving Jeeps and Dodges with defective ignition switches, faulty axles, and electrical problems.
Some car owners weren't properly notified of their cars' defects, the government says –- and even when they were, the solutions Chrysler offered weren't always timely or effective.
The company also reportedly refused to share some of its data with the NHTSA, a potential violation of the Motor Vehicle Safety Act.
"This is a very good example of how not to do a recall. How not to do 23 recalls, in fact," Foxx said. "There's no way to defend what Fiat Chrysler was doing."
In addition to a $70 million cash penalty, the NHTSA is also fining Chrysler $20 million to address the recall issues, and warning that if the company doesn’t perform, it could face another $15 million in fines -– bringing potential damages to $105 million.
There's "this feeling that maybe, you know, we can slip here and there and it's just the cost of doing business," Foxx said. "We're slapping folks pretty hard, and the idea is to get them in a position where they’re complying with our rules."
Fiat Chrysler says the company "acknowledges the admissions" in the NHTSA's order and accepts the penalty "with renewed resolve to improve our handling of recalls and re-establish the trust our customers place in us."
As part of the record agreement, the car company has agreed to submit to increased oversight, and may even have to buy back more than half a million vehicles.
"If you don't follow the rules and you try to skirt the rules, we’re going to find you," Foxx said. "And we’re going to make you pay."
iStock/Thinkstock(NEW YORK) -- The average middle income family spends more than $300,000 to raise a child until he or she is 18 years old, according to the latest annual government estimate. And that doesn't include the costs of college.
If you're a new or expecting parent and are feeling concerned, watch the ABC News report below to learn how you can cut those expenses in half: