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U.S. markets news

Fed's Fischer says not clear how Fed discussions could affect China stocks
JACKSON HOLE Wyo. Aug 29 Federal Reserve Vice Chair Stanley Fischer said on Saturday it was not clear to him how Fed policy discussions could affect China's stock market, as Chinese officials have suggested.
Top Fed official: 'Good reason to believe' inflation will rise  Washington Post (blog)
Fischer Sees Good Reason to Believe U.S. Inflation Will Rise  Bloomberg
Financial Times  
China stock market crash: All you wanted to know in 4 points
China's main stock index tumbled nearly 23 percent over five days before returning to positive territory Thursday and Friday. Prices started to fall in mid-June after regulators tightened margin financing to limit the amount brokerages could lend to ...
China's economic judders bring questions – and opportunity  Telegraph.co.uk
Focus turns to US data as China slowdown looms  Reuters
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
Freeport-McMoRan Inc (FCX) Shares Fall as Oil & Copper drops
TheStreet reissued their sell rating on shares of Freeport-McMoRan (NYSE:FCX) in a research report released on Friday morning, StockTargetPrices.
Freeport-McMoRan Inc (FCX) Shares Fall With Drop In Copper And Oil Prices  Bidness ETC
Carl Icahn's Latest Bold Bet on Commodities and Energy  Wall Street Journal (blog)
US stocks open slightly lower after sharp two-day surge
U.S. shares are rallying after their greatest day in virtually 4 years Wednesday, because the market bounced again from a six-day droop, pushing the Dow up 619 factors, or four %. But mostly it was the opportunity to pick up beaten down shares that ...
Stock market's wild week comes to quiet end  Omaha World-Herald
Wall Street ends on a placid note after a week's roller coaster ride  The Next Digit
Buffett's Berkshire takes $4.48 billion stake in Phillips 66
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) disclosed a $4.48 billion stake in oil refiner Phillips 66 (PSX.N), rebuilding a bet it had made in the energy industry before oil prices fell.
Warren Buffett's Berkshire reports $4.5 billion stake in refiner Phillips 66  Livemint
Warren Buffett just disclosed his newest $4.5 billion investment pick  Rapid News Network
Oshkosh Awaits Protests After JLTV Win
WASHINGTON Days after the US Army awarded a major contract to Oshkosh for the Humvee replacement, defense titan Lockheed Martin and Humvee manufacturer AM General have not ruled out formal protests against the decision.
There's a Humvee replacement on the way  Christian Science Monitor
US Army To Replace Its Humvees with New Combat Vehicles  Regal Tribune
Twitter sets modest goals to diversity 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 Sets High Diversity Goals for 2016  Immortal News
Twitter publicly shares diversity goals for 2016  Paradise Post
UPDATE 3-Scotiabank energy-sector bad loans climb; profit tops estimates
(Adds CFO comments, updates shares). By John Tilak. TORONTO Aug 28 (Reuters) - Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll.
Scotiabank CEO touts positives of cheap oil as lender wraps week of bank ...  Montreal Gazette
Yellen ally pours cold water on rule-based monetary policy
JACKSON HOLE, Wyo. Aug 29 For much of her tenure as head of the Federal Reserve, Janet Yellen has been pressured by Republican lawmakers who want the U.S.
Opinion: Fed rates hikes usually end in disaster, history shows  MarketWatch
Sept. Fed rate hike gives Yellen the chance to kill the “Greenspan put” once ...  ForexLive