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U.S. markets news

Brexit fallout shakes up global trade
The flow of trade in Europe is set to enter a prolonged period of disruption after United Kingdom voters opted to exit the European Union.
Brexit: The Nationalist-Populist Rebellions Continue  Breitbart News
EUROPEAN COMMISSION PRESIDENT: This is not the beginning of the end of the EU  Business Insider
PR Newswire (press release)  
15 US stocks get absolutely crushed by 'Brexit'
The United Kingdom's decision to pull out of the European Union is sending global markets sharply lower. But the pain is being felt hardest by a handful of companies most exposed to the decision.
Shares of BorgWarner Inc. Drop 10% After Brexit Vote  Motley Fool
BorgWarner Inc. Stock Is Crashing Now. What To Expect?  Engelwood Daily
What investment managers are saying about 'Brexit'
To star Los Angeles investor Jeffrey Gundlach, bull markets and bear markets aren't about how much stocks have climbed or fallen, but about teamwork - whether players in the economy are working together.
Gundlach: Calm Down, Avoid Stocks, Buy Gold and Bonds  Newsmax
Gundlach: DoubleLine sold its European equities late Thursday  Reuters
Nightmare Coming True for Stock Bulls Blindsided in Brexit Shock
Global investors better pray their hedges prove more reliable than the bookmakers did. In a rout worsened by the mistimed bout of optimism that preceded it, equities plunged around the world Friday in waves of selling that grew as the prospect of U.K.
US stocks close sharply lower after Britain votes for Brexit  MarketWatch
Wall St. Plunges At The Open After Shock Brexit Vote  Huffington Post
Energy Transfer Cleared to Walk Away From Williams Takeover
Billionaire Kelcy Warren just won a huge hand in the biggest M&A poker game he's ever played in the U.S. oil patch. Eighteen months after Warren's Energy Transfer Equity LP began talks to acquire rival pipeline giant Williams Cos.
Court says ETE can walk away from $20 bln Williams takeover  Reuters
Court Sinks Pipeline Deal -- WSJ  Nasdaq
SEC Accuses 'Frack Master' of Defrauding Investors
The Securities and Exchange Commission on Friday accused Chris Faulkner, referred to as the “Frack Master” in his online profile, of defrauding investors in his oil-and-gas company out of $80 million.
Breitling's 'Frack Master' bilked investors out of $80 million ...  Fort Worth Star Telegram
SEC: Texas CEO used funds on strip clubs, private jets  Washington Times
Illinois insurance co-op sues feds over health law payments
CHICAGO -- A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act.
This One Weird Consequence of Obamacare Could Either Save—or Cost—You Big ...  AlterNet
How Obamacare's Mandates Hurt the Patients They're Supposed to Help  Town Hall
Durable-goods orders sink across the board in May
An earlier version of this story gave an incorrect figure for the previous government estimate for April durable-goods orders. The story has been corrected.
Durable goods orders fall more than expected  Business Insider
Now This: May Durable Goods Much Weaker than Expected  Barron's (blog)
British brace for economic repercussions of EU exit decision
LONDON - The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they'll find out.
How Project Fear failed to keep Britain in the EU – and the signs that ...
The 'Brexit' Result Signals That the System Is Broken  Fortune
Utility Company PPL Reaffirms Guidance After Surprise Brexit Vote
PPL Corp. reaffirmed its earnings guidance but warned that a long-term decline in the British pound could require the utility company to “reassess” its profit growth rate in response to Britain's surprise vote to leave the European Union.
PPL Corporation Responds to U.K. referendum on Membership in European Union  PR Newswire (press release)
PPL Expects U.K. Referendum Not To Impact Its Operations Significantly  Benzinga