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U.S. markets news

Home Prices in 20 U.S. Cities Climbed at Slower Pace in May
Home prices in 20 U.S. cities rose at a slower pace in the year ended May, keeping more properties within reach for prospective buyers.
US home prices rose 4.9 pct. in May, lifted by strong sales  Washington Post
City-by-city look at house prices  MarketWatch
The Globe and Mail  
Volkswagen surpasses Toyota as world's largest automaker in first half of 2015
Volkswagen surpassed Toyota as the world's largest automaker in the first half of 2015, fulfilling a long-held goal, but the achievement came at a cost.
UPDATE 1-VW overtakes Toyota as world's biggest carmaker  Reuters
Toyota's global sales dip 1.5% in first-half of year  Economic Times
NATION: US Department of Transportation announces Fiat Chrysler enforcement action
U.S. Transportation Secretary Anthony Foxx announced that Fiat Chrysler Automobiles has acknowledged violations of the Motor Vehicle Safety Act's requirements to repair vehicles with safety defects and will submit to rigorous federal oversight, buy ...
U.S. Forces Fiat Chrysler to Buy Back Trucks in Rarely Used Move  Bloomberg
Fiat Chrysler: What the Ram, Dodge, Chrysler truck and SUV buy back means to you  AL.com
SuperValu exploring spinoff of Save-A-Lot business
July 28 SuperValu Inc said it was exploring a spinoff of its discount supermarket chain, Save-A-Lot, as a publicly traded company.
SUPERVALU (SVU) Tops Q1 EPS by 2c  StreetInsider.com
Ford Earnings Jumped in 2nd Quarter
The Ford Motor Company reported strong profits well above expectations on Tuesday, saying that quarterly earnings were $1.9 billion, up 44 percent compared with a year earlier.
Ford profit surges as big vehicles soar  USA TODAY
Ford's Strong 2Q Profit Is A Sign Of Things To Come, Company Says  Forbes
China's Stock Response Has No Public Face to Calm Turbulent Markets
BEIJING—Wanted in China: a reassuring face to tell panicking investors that everything will be all right. Since China's stock boom turned bust more than a month ago, the Chinese government has put out measure after measure to stanch the bleeding.
Chinese Markets Uneasy After Huge Sell-Off  New York Times
Global stocks rebound, ignoring decline in Chinese markets  Reuters
US family finds sunken Spanish treasure worth USD 1 million
An American family has found more than USD 1 million worth of gold artefacts, including 52 gold coins and a 40-feet ornate gold chain, from the wreckage of a Spanish fleet that sank in the Atlantic almost 300 years ago.
300 years after shipwreck, treasure hunters find $1M in gold  KSL.com
$1 million worth of treasure found off Florida coast (video)  AOL Travel UK
China stock swoon is wildcard as Fed meets on rates
Federal Reserve Chair Janet Yellen presides over a meeting in Washington on July 20, 2015. (AP Photo/Manuel Balce Ceneta). As the first Federal Reserve interest rate hike in nearly a decade nears, so does the importance of every Fed meeting, policy ...
Grand Central: Why Budget Battles Aren't Likely to Derail Fed Rate Plans  Wall Street Journal (blog)
US Fed interest rate “crawl-off” not yet fixed for September  Reuters Blogs (blog)
UPS second-quarter profit rises, tops estimate, despite lower revenue
CHICAGO Package delivery company United Parcel Service Inc (UPS.N) on Tuesday reported higher second-quarter net profit as improved margins offset a drop in revenue.
UPS Earnings Surge, Led by Growth in International Segment  Wall Street Journal
UPS Exceeds Profit Estimates With Boost From Pricing Shift  Bloomberg
The Great Recession Is Finally, Definitively, Over As GDP Per Capita Beats Peak
Quite when a recession is really over is one of those angels and pins arguments. There's a technical definition which is simply when the economy stops shrinking, but there's a number of other ones that could be used and are in fact used in certain ...
UK Economy Steps Up a Gear  Wall Street Journal
UK economic growth picks up to 0.7% in second quarter  BBC News