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U.S. markets news

China's leaders meet a greater power
Anyone trying to design an event to bring Xi Jinping's China back to Earth couldn't have engineered something much more elegant than the turmoil in China's financial markets and the resulting global aftershocks.
Global stocks climb as US growth offsets China fears  The Guardian Nigeria (satire) (press release) (blog)
Wild week for markets ends quietly  Independent Online
Irish Times  
Fed says rate hike next month hinges on market volatility
Some top policymakers, including Fed Vice Chairman Stanley Fischer, said recent volatility in global markets could quickly ease and possibly pave the way for the US rate hike, for which investors, governments and central banks around the world are bracing.
Fed vice chair in spotlight on possible rate hike  The Denver Post
Show Some Spine, Federal Reserve  New York Times
Little changes for U.S. stocks
NEW YORK - U.S. stocks ended with not much changed, with the Standard & Poor's 500 Index on track for its worst month since May 2012, as equities found some respite from the wide swings prevalent earlier this week.
U.S. stocks end wild week quietly  The Spokesman Review
Wall Street ends flat in quiet end to dramatic week  Moneycontrol.com
Twitter Sets Modest Goals to Diversify Its Workforce
Twitter is setting modest goals to diversify its workforce while it fights a proposed class-action lawsuit that says the online messaging service discriminates against its female employees.
Twitter's diversity plan: approximately 40 women.  Los Angeles Times
Twitter's minority staff representation shrinks  USA TODAY
Brazil falls deep into recession
Its currency is plummeting, unemployment is rising, its stock market is down 20% from a year ago and its president, Dilma Rousseff, has an 8% approval rating -- the lowest since 1992 when Brazil's president was impeached.
Posted by Parvez Jabri  Business Recorder (press release) (blog)
Brazil's GDP posts second consecutive contraction  Newsday
Higher wages pushed consumer spending up in July
U.S. consumers increased their spending moderately in July as wages and salaries made their biggest jump in eight months. Spending rose 0.3 percent in July, helped by purchases of big-ticket items such as cars, the Commerce Department reported Friday.
US Consumer Spending up Moderate 0.3 Percent in July  Press Examiner
Consumer spending up slightly  Pueblo Chieftain
Pentagon teams up with Apple, Boeing to develop wearable tech for soldiers
MOUNTAIN VIEW, CALIFORNIA: US Defense Secretary Ash Carter awarded $75 million on Friday to help a consortium of high-tech firms and researchers develop electronic systems packed with sensors flexible enough to be worn by soldiers or molded onto ...
Pentagon to invest $75 million in local tech industry  Mountain View Voice
Secretary of Defense unveils $75-million investment in Silicon Valley venture  Los Angeles Times
Boeing shows off its portable drone-killing laser
The US government and military have identified a new threat in modern day warfare: commercial drones adapted to carry explosives or chemical weapons.
Boeing's laser hunts for drones  Computerworld India
Boeing's new laser canon can destroy drones in mid-flight  Business Insider
Exclusive - Arab OPEC producers brace for oil-price weakness for rest of 2015 ...
DUBAI/LONDON A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.
Why Saudi Arabia won't cut oil production  CNNMoney
Arab OPEC producers brace for oil-price weakness for rest of 2015  Times LIVE
Investors hoping Icahn can bring sale of energy assets
Carl Icahn, who revealed an 8.5% stake in downtrodden Freeport McMoRan (FCX +2.7%) late yesterday, is "one of the best instinct investors of all time and often invests at the right point in a cycle,” according to 13D Monitor, and investors appear to ...
What the Chart's Show About Carl Icahn's Stake in Freeport-McMoRan  TheStreet.com