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U.S. markets news

Ikea Recalls 29 Million Chests and Dressers After 6 Children Die
Government regulators gave a demonstration of the tip-over threat posed by Ikea furniture during a news conference in Washington on Tuesday.
Saying goodbye to the woman who changed sports forever  USA TODAY
Ikea Recalls Millions Of Chests, Dressers Because Of Tip-Over Hazard  NPR  
Airbnb seen winning legal fight against hometown San Francisco
On Monday, the home-rental business filed a lawsuit against its hometown, saying that San Francisco's attempt to get Airbnb to help enforce its housing law is illegal.
Airbnb Sues San Francisco Over a Law It Had Helped Pass  New York Times
Airbnb has sued its hometown of San Francisco  CNNMoney
US first-quarter GDP revised up, Brexit risk to outlook
WASHINGTON U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs of a pickup in the second quarter, analysts worry Britain's vote to leave the European Union could hurt activity later ...
First-Quarter Growth Revised Upward but Still Shows Slowdown  New York Times
US GDP Growth in First Quarter Revised Up to 1.1% Rate  Wall Street Journal
Dow, S&P 500 dip below 200-day MA lasts just one day
The dip in the Dow Jones Industrial Average and the S&P 500 index below their respective 200-day moving averages lasted just one day, as the broad stock market barometers bounced sharply back above them on Tuesday.
Brexit Hits S&P 500 Pain Threshold Though Wounds Seen Survivable  Bloomberg
3 European Banking Stocks Down More Than 35% in 2 Days
Metro Atlanta home prices rise more than U.S. average
Want more news? Sign up for free newsletters to get more of the AJC delivered to your inbox. Metro Atlanta's home prices were up an average of 6.5 percent during the past year, more than the average gains across the country, according to a much-watched ...
Home Prices Setting New Highs In More Cities, Says S&P/Case-Shiller  Forbes
Portland's streak continues: 7th straight month home values grew fastest ...
LendingClub to Cut 12% of Its Workforce as Loan Volumes Fall
Online lender LendingClub Corp. unveiled a new set of responses to a slump in its business Tuesday, restricting investors from exiting one of its funds and announcing job cuts totaling 12% of its workforce.
Lending Club says improper loans extended to ex-CEO's family  USA TODAY
Lending Club plans layoffs, discloses loans to former CEO and family members  Los Angeles Times
Richard Branson Calls For Re-Vote, Questions Intelligence Of UK Voters
Sir Richard Branson listens to a speaker at the Global Commission on Drug Policy in New York, in this September 9, 2014 file photo.
UPDATE 1-Branson says Virgin Group loses third of its value after Brexit  Reuters
Richard Branson: Brexit killed my big deal  CNNMoney
Pinterest is soon launching a way to search for products with your smartphone ...
Pinterest today has a new tool for finding things that you might want to buy - and they'll be things you see in the real world.
Pinterest teases camera-search tech to make shopping a snap  CNET
Here's How Pinterest Plans to Get You to Shop More  Fortune
US consumer confidence rises to highest level since October
WASHINGTON - U.S. consumer confidence rose this month to the highest level since October. The Conference Board reported Tuesday that its consumer confidence index rose to 98 in June from 92.4 in May, snapping a two-month losing streak.
US Consumer Confidence Improves in June  Wall Street Journal
Consumer Confidence Increased in June to an Eight-Month High  Bloomberg
Cisco to acquire API-based app security startup CloudLock for $293M
Twilio isn't the only company banking on API-based services as the way forward for enterprises. Today, Cisco announced it plans to pay $293 million in a mix of cash and equity to acquire CloudLock, a cloud-based security provider that uses APIs to let ...
Cisco reinforces cloud security technology with $293M CloudLock buy  Network World
Cisco To Buy Cloud Security Company CloudLock, Giving Partners An ...  CRN