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U.S. markets news

India's Mediocre Growth
India announced Tuesday that its economy expanded at 7.9% in the three months to April, making it the world's fastest-growing major economy.
India's economic growth surges in March quarter  Reuters
India's Economic Growth Up To 7.9% Of GDP For Quarter, 7.6% For The Year  Forbes
Business Insider  
US consumer spending increase strongest in over six years
WASHINGTON U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise ...
Consumers Spend Even as Confidence Ebbs: U.S. Economic Takeaways  Bloomberg
US Consumer Spending Climbed at Fastest Pace in Nearly Seven Years  Wall Street Journal
US Home Price Growth Remained Robust in March, Case-Shiller Says
Home prices rose strongly in March, the latest sign the housing market has momentum heading into the critical spring selling season.
US Home Prices Rise in March as Spring Buying Season Begins  New York Times
Home Prices Climbed 5.2% In March, Says S&P/Case-Shiller  Forbes
Great Plains Energy to Acquire Westar Energy in Deal Worth $12.2 Billion
Kansas City–based Great Plains Energy has agreed to purchase Westar Energy—Kansas' largest electric utility—in a combined cash and stock transaction with an enterprise value of about $12.2 billion.
US $12 bln utility coupling lacks spark  Reuters Blogs (blog)
Great Plains says buyout of Westar should be good for customers  KWCH
Starbucks aims to rule cold coffee market with launch of nitro cold brew
Starbucks plans to start tapping kegs this summer - for coffee. The Seattle-based coffee company said Tuesday it will introduce nitro cold brew in stores as it aims to capitalize on the explosive growth in iced coffee drinks.
Starbucks Expands Iced Coffee Lineup, Goes 'Nitro'  NBCNews.com
Starbucks introduces nitro cold brew at 500 locations this summer  Fox News
US Consumer Confidence Declined in May, Clouding Outlook
WASHINGTON—Gauges of U.S. consumer confidence are sending mixed signals, fostering uncertainty about whether the recent pickup in consumer spending will be sustained into the summer months.
US consumer confidence slips in May  Morganton News Herald
Consumer confidence lowest since late 2015  MarketWatch
Instagram Is Now Giving Small Businesses a Dashboard Full of Data About Their ...
Small businesses will now be able to measure things like reach as well as likes. For years, small and medium-size businesses have had as little insight about their Instagram posts as the average user.
Instagram officially announces its new business tools  TechCrunch
Instagram will finally give businesses an official presence on its platform  Mashable
Carl Icahn acquires 'large position' in Allergan, backs CEO
Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc (AGN.N) and that he was very supportive of Chief Executive Officer Brent Saunders.
Icahn is Not the Ackman of Allergan  Bloomberg
Icahn Bets on Allergan's Brett Saunders in Post-Pfizer Era  TheStreet.com
Oil up as US summer draws beckon; set for fourth month of gains
NEW YORK Oil prices rose on Tuesday, heading for the fourth straight monthly gain, with investors betting on higher U.S. fuel demand as peak driving season arrived in the No.
Wall St. Is Mixed as Investors Weigh Economic Data  New York Times
Oil Rises as Supply Outages Persist  Wall Street Journal
ArcelorMittal (MT) Stock Advancing on Cliffs Natural Deal
ArcelorMittal (MT) stock is up after the company came to an agreement with Cliffs Natural Resource (CLF) to be supplied with iron ore pellets through 2016.
Cliffs Natural Resources Inc. and ArcelorMittal USA LLC Enter Into New Long ...  Junior Mining Network
United Taconite to reopen in October  Duluth News Tribune