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U.S. markets news

Fed Indicates It Is Close to Raising Interest Rates as Labor Market Tightens
WASHINGTON - The Federal Reserve remains on track to raise interest rates later this year. The Fed said economic growth continued to meet its expectations, and it indicated officials did not need to see much more progress before raising rates ...
Fed modestly raises outlook, stays mum on rate hike prospects  USA TODAY
Fed, Citing Job Gains, Stays on Track to Raise Rates Soon  Wall Street Journal
Bloomberg  
Weak home purchase contracts hint at pause in sales activity
WASHINGTON Contracts to buy previously owned U.S. houses unexpectedly fell in June after five straight months of increase, suggesting some cooling in home resales activity after recent hefty gains.
Pending Sales of U.S. Existing Homes Unexpectedly Declines  Bloomberg
Pending Home Sales Dip In June, Down From May's Nine-Year High  Forbes
US stocks stay higher after Fed leaves rates unchanged
U.S. stocks stayed higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen.
Stocks Stay Higher After Fed Statement  Wall Street Journal
Stocks rally, gold jumps after the Fed  Business Insider
Twitter stock plunges as user growth stalls
NEW YORK - Tepid user growth and ongoing uncertainty about its leadership are dragging Twitter's stock to its lowest level in over a year even though the short-messaging service reported sharply quarterly higher revenue.
Twitter hits 52-week low on warning turnaround will take time  USA TODAY
Twitter wants to become more like Facebook, and it's a terrible idea  Vox
Delta to offer frequent flier upgrade to private jets
Diamond Medallion fliers are eligible to pay $300 to $800 extra to use Delta Private Jets. (Delta Private Jets). While most air travelers are seeing their frequent flier awards disappear, some elite passengers are seeing perks get more fabulous.
Delta Introduces Latest Commercial Airline Perk: Upgrades to Private Jets  ABC News
How to upgrade to a private jet for $300  WAPT Jackson
Oil jumps from near six-month lows after big US stock drawdown
NEW YORK Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for ...
Oil Rises After U.S. Crude Stockpiles Decline Amid Output Drop  Bloomberg
Oil prices cut losses, rally after US inventory data  Economic Times
UPDATE 1-S&P rates Detroit 'B,' assigns 'A' rating to income tax bonds
(Adds details on ratings, mayor's scheduled press conference, background on bonds). July 29 (Reuters) - Detroit won an investment-grade rating of A from Standard & Poor's on Wednesday for an upcoming sale of bonds backed by income tax revenue, but ...
Detroit's bond rating improves from junk status  Detroit Free Press
Detroit Sets August Date for First Bond Sale Since Bankruptcy  Toledo Blade
Oregon bridge danglers hope to delay Shell's Arctic drilling
Protestors rappelled off a bridge in Portland, Oregon on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return of a ship to Alaska that holds emergency equipment.
Activists Rappel off Oregon Bridge to Stop Shell Icebreaker  ABC News
Activists dangle from bridge in Shell Oil protest  USA TODAY
UPDATE 2-Higher incentives, strong dollar weigh on MasterCard's revenue
... * 2nd-qtr rebates, incentives rise 21 pct. * Net revenue $2.39 bln vs est. $2.41 bln (Adds CEO, analyst comments, details, background; updates shares).
MasterCard Reports Weaker-Than-Expected Revenue Growth  Wall Street Journal
MasterCard 2Q Profit Slips and Revenue Falls Short  ABC News
Here's why Yelp stock tanked on Tuesday
The company reported a loss, a cofounder left, and the stock nose-dived. “This year hasn't gone as smoothly as anticipated,” Yelp founder and CEO Jeremy Stoppelman said on an analyst call on Tuesday.
Yelp Shares Slide on Lower Forecast, Analysts' Downgrades  Bloomberg
Analysts lose confidence in Yelp after gloomy second quarter  MarketWatch