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U.S. markets news

Verizon Finalizes $4.8 Billion Yahoo Deal
Verizon Communications Inc. VZ 1.32 % has agreed to pay $4.8 billion to acquire Yahoo Inc., YHOO 1.36 % according to a person familiar with the matter, ending a drawn-out auction process for the beleaguered internet company.
Verizon buys Yahoo for $4.8 billion  TechCrunch
Technology|Verizon to Pay $4.8 Billion for Yahoo's Core Business  New York Times
Press Herald  
G20 will use 'all policy tools' to lift growth as Brexit weighs
CHENGDU, China The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.
With G-20's Focus on Europe, Pressure Eases on China  Wall Street Journal
China Seeks Intensified Coordination But U.S. Is Playing It Cool  Bloomberg
Is 70 too late to claim Social Security?
Social Security is a significant source of retirement income for most retirees. According to the Social Security Administration, nearly half of single retirees count on Social Security checks for more than 90% of their retirement income.
Donald Trump and Mike Pence Once Envisioned Doing This to Social Security  Motley Fool
Your Medicare Prescription Drug Plan Could Cost a Fortune if You Do This
China Working Hard to Stabilize Yuan Against Basket, PBOC Says
China expanded efforts to steady the currency markets, with the central bank adding verbal support to the exchange rate after a week that saw it slip past a key level against the dollar.
China's Yuan Problem - It Wants It Lower But It Doesn't Want It ...  Forbes
China to stick to stable yuan against currency basket, says central bank chief  South China Morning Post
Welcome To The Trade War - China Imposes Tariffs On EU, US And Japanese Steel ...
I am, of course, an extremist where trade is concerned but even those who are entirely middle of the road fear the consequences of a trade war.
China Slaps Tariffs On EU Steel As Trade War Intensifies  Breitbart News
China Imposes Anti-Dumping Duties on Japan, Korean, EU Steel  New York Times
As We've Been Saying, California's Minimum Wage Rises Increase Unemployment
This is an interesting little tale which illustrates the other side of the minimum wage story. Around here at least the standard side is that when you raise the price of something people buy less of it.
Which Swing States Are Doing Great, and Which Aren't  Bloomberg
18 states see significant job gains, but unemployment rises
AP Exclusive: Medicare safeguard overwhelmed by pricey drugs
WASHINGTON - A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense, government numbers show.
What are the top 20 priciest Medicare prescription drugs?  Washington Post
Southwest Airlines flight woes cascade into Friday
Southwest Airlines canceled more than 250 flights Friday as the fallout from Wednesday's technical glitch stretched into a third day.
Airlines' Year Turns Sour  Wall Street Journal
Southwest Airlines Pilots Join Mechanics for Informational Picket  PR Newswire (press release)
Manufacturers make, shops sell. But Dollar Shave Club breaks that mould
Dollar Shave Club's razors are “fucking great”, the company's founder declared in its first advert. Michael Dubin, who started the business four years ago, last week convinced Unilever of their merits, too.
Why did Unilever pay $1B for Dollar Shave Club?  TechCrunch
M&A roundup - week ending 7/23/16  VatorNews
American Airlines Expects European Routes to Suffer From Overcapacity
American Airlines Group Inc., AAL 4.00 % which has a large trans-Atlantic business, said on Friday it expects its European routes to suffer from overcapacity, economic weakness and terrorism fears in the coming months.
What played a role in Fort Worth-based American Airlines' $950M in profit  Dallas Morning News
Boom Times for Big US Airlines: $3.9 Billion in 2Q Profits  New York Times