The Traderszone Network

Investors react to a major business restructuring plan and buyback news.

The leading premium video service declared a 7-for-1 stock split, but it’s not a newsworthy event.

The Eurogroup meeting between EU finance ministers has broken up for the day and will reconvene on Saturday according to reports.

As noted earlier, Greece is now refusing to agree to the IMF’s hardline stance on pension cuts and the VAT, while the IMF isn’t interested in a deal that sees Athens escaping long-term fiscal reform by resorting to short-term, unenforceable solutions such as tax hikes. 

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The Supreme Court has sided with the government in the King v. Burwell case.

Hopes of a deal between Greece and its creditors faded once again, as European officials strived to come to an agreement over its finances.

Wall Street opened higher on Thursday as data showed that the U.S. economy was on the path to recovery after consumer spending recorded its largest increase in nearly six years. Investors have been keeping a sharp eye on economic data for signs of a recovery in the U.S. economy, which came to a crawl in the first quarter, as the Federal Reserve prepares to raise interest rates for the first time in almost a decade. The Commerce Department said consumer spending increased 0.9 percent last month, the biggest gain since August 2009, after a 0.1 percent rise in April.

The Supreme Court upheld the use of federal financial aid for more than 6 million people enrolled in Obamcare.