Built In, a startup that matches tech workers with jobs, raised $22 million in its most recent funding round. The company plans to double its workforce of 100 employees over the next year.

China is bracing for an explosion of highly-speculative stock trading when it opens its STAR Market in Shanghai, a tech board modeled after Nasdaq. In an effort to attract participation by startups, the market adopted rules that allow listings by companies that are producing losses.

Some of the biggest names in consumer technology and music invested in a $26-million funding round for the Montreal-based music technology startup Landr. Investors included the microphone company Shure, the Sony Innovation Fund and Warner Music.

AR/VR startup funding in angel through seed rounds gave early-stage companies valuations that grew steadily through 2018 but started to decline in 2019, according to Digi-Capital's AR/VR Analytics Platform. However, startups that were able to complete Series A and B funding rounds in 2019 got higher valuations than in 2018.

True Value is investing $150 million to revamp its supply chain by shifting to a hub-and-spoke system designed to more efficiently move goods to the more than 4,500 stores and businesses it serves. The hardware wholesaler plans to create spokes that are closer to stores and that will be stocked with faster-moving goods, while larger, central hubs will house off-season goods and products that are less in demand.

The Federal Deposit Insurance Corp. is proposing a plan that would remove some disclosure requirements for banks reselling residential mortgage-backed securities. FDIC board member Martin Gruenberg opposed the plan saying the requirement fixed one of the problems of the 2008 financial crisis, but FDIC Chair Jelena McWilliams said regulatory requirements are different today.

Banks want the Federal Reserve to revise a requirement that they submit living wills by year-end and to shift the deadline to a later date. 2019 plans "could be rendered moot" if the central bank proceeds with a proposal to let small and midsize banks submit living wills less frequently, according to a letter from Capital One, PNC and US Bancorp.

Technical analyst Helene Meisler notes numerous chart indicators which suggest the market is heavily overbought. This could lead to a rise in volatility in the coming days although, Meisler acknowledges "it is always possible we digest the overbought reading and work off the too hot sentiment."

This week's second-quarter earnings reports from JPMorgan Chase, Wells Fargo and Citigroup all show increased profits propelled by a surge in consumer borrowings and credit-card spending, while revenues from trading and deals contracted. The figures appear to reveal economic confidence is higher among consumers than institutional investors.

With the S&P 500 hovering around the 3,000 landmark, technical analyst Ron William says significant moves upward or downward are equally conceivable. A near-term rise to 3,200 is possible but a fall below 3,000 could take the index toward support around 2,770/2,730, with further reversion to the 2018 low of 2,351 being the worst possible scenario.