Nightly Business Report — August 22, 2014

Tonight on Nightly Business Report, Fed Chair Janet Yellen says the economy is improving but not enough to worry the market about moving up the rate-hiking time table. And, people are once again flipping homes but this time around the game has changed.

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Today’s stock stories: DYN, DUK, PSMI, WAG, ANN, FL, GMCR & MCD.

Source: Eric Goetz, Diana Olick | CNBC

It is dirty, financially risky and potentially dangerous work, but depending on the current direction of the housing market, it can be highly profitable. But home “flipping,” defined as buying and selling a home within a short period of time for the sole purpose of making money, is now on the slide. Home prices rose …

Emmanuel Dunand | AFP | Getty Images

Your most trustworthy apps may be at risk. Researchers say they have found a way to hack Gmail apps with a 92 percent success rate. In a paper being presented Friday at the Usenix cybersecurity conference, the engineers said they also could steal check images from a Chase app with an 83 percent success rate and hack personal information such …

Liu Jin | AFP | Getty Images
Workers tend to a drill well at an exploration site in the Longgang gas field in Lishan, in southwest China's Sichuan province.

Chinese demand for natural gas is going to increase hugely over the next 25 years, according to the U.S. Energy Information Administration, and American firms are probably going to benefit. According to an article from Oilprice.com, demand from China will triple by 2040, hitting 17.5 trillion cubic feet. But given that the country has had a hard time …

Matt Hunter | CNBC
A truck called "Ras Gamal" by its creators will be heading to the Burning Man festival.

It’s a sweltering mid-August morning in Reno, Nevada, and mechanics at Black Rock Bicycles on the outskirts of town are cranking away. Burning Man, the annual festival in the desert for 68,000 globetrotting free spirits, aging hippies and multimillionaire tech executives, is rapidly approaching. Trucks, buses and trailers will soon start rolling up to the store to …

Dana Hoff | Photographer's Choice | Getty Images

It’s hard to deny that online sales are on a hot streak, consistently posting sales growth that outpaces bricks-and-mortar. Mobile sales, in particular, are increasingly contributing to that traction, accounting for 11 percent of total e-commerce dollars in the second quarter, according to ComScore. Despite the rising share of desktop and mobile sales—which is expected …

Justin Solomon | CNBC
Google headquarters.

Tech companies love to talk about their company culture. From laid-back work spaces to “alternative” management styles, Silicon Valley giants seem to almost be in competition with each other when it comes to who has the best work environment. Read More These tech companies have the best pay and perks But which tech company actually has …

Andy Roberts | OJO Images | Getty Images

No matter which way you cut it, things aren’t looking good for retirement. Despite a deluge of warnings from advisors, research groups and financial institutions, many Americans are still woefully unprepared to leave the workforce. A little more than a third don’t have a savings strategy, according to the Transamerica Center for Retirement Studies, and …

Brad Quick | CNBC
Tom Wheeler is a landowner in Ray, North Dakota, the heart of the state's oil-rich Bakken Basin, one of the world's largest shale formations.

From his driveway, Tom Wheeler’s view of North Dakota’s sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota’s booming shale play, that horizon has become increasingly marked by natural gas flares. Wheeler, 59, owns …

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The economy is getting closer to the Federal Reserve’s objectives, Fed Chair Janet Yellen said on Friday. Stocks, which opened lower on the latest unrest in Ukraine, turned positive on Yellen’s comments. (Click here for the latest on the markets.) In prepared remarks for the annual Jackson Hole policy conference, Yellen said the Fed was now questioning both the degree …

Food prices are high, but for the $100 watermelons and pumpkins Tony Dighera grows organically in Fillmore, California, demand is outstripping supply. That’s $100 wholesale, by the way. Retail is $200. “I’ve got people from Dubai calling me to order these things,” he said. What’s so special about his crop? Dighera has managed to grow …

Daniel Roland | AFP | Getty Images

Global equity markets reacted to news that tensions between Russia and Ukraine had flared up once again on Friday, with European equities particularly badly hit. U.S. and European markets reacted to news that a Russian convoy of 90 aid trucks had entered Ukraine without permission from Kiev on Friday. Ukraine’s security chief Valentyn Nalivaychenko said …

The future of shopping

Courtney Reagan shows us what the future of retail could look like and explains why the mall of tomorrow will look nothing like it does today.

Bank fines: are they enough?

Bank of America has agreed to pay a record fine. Some say this is the government piling on, others say regulators didn’t go far enough.