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U.S. markets news

Stanford scientists find 'water windfall' beneath California's Central Valley
New research indicates that California's Central Valley harbors three times more groundwater than previously estimated, but challenges to using it include pumping costs, ground subsidence and possible contamination from fracking and other oil and gas ...
"Water Windfall" Deep Beneath California's Central Valley  Capital Public Radio News
Waldorf Astoria to Be Gutted, Turned Into Condos
China's Anbang Insurance Group which owns the Waldorf Astoria in New York City says it plans to close the landmark hotel for up to three years to convert the majority of the hotel's rooms into private apartments.
Waldorf Astoria New York to Close for Three Years  Cond� Nast Traveler
Waldorf Astoria to close next year temporarily for renovations  9NEWS.com
US markets fall and UK credit rating cut; no crisis, Treasury chief says
Major U.S. stock indexes fell sharply again Monday and two leading companies cut Britain's credit rating in the wake of last week's vote to leave the European Union.
Brexit Likely Won't Spark a Financial Crisis, US Treasury Secretary Jack ...  TIME
Lew says no sense of financial crisis developing  Washington Post
StubHub wins deal to resell Yankees tickets; Aspartame to sweeten Diet Pepsi again
EBay's StubHub said Monday it had won a 6�-year revenue-sharing deal to resell tickets for the New York Yankees, ending a feud between the baseball franchise and the ticket broker.
Diet Pepsi with aspartame returning to shelves in U.S.  Chicago Tribune
Diet Pepsi Brings Back Aspartame-Sweetened Soda  Wall Street Journal
Draghi Says Sadness Best Describes Sentiment on U.K.'s Brexit
European Central Bank President Mario Draghi set a melancholic tone over the U.K.'s decision to leave the European Union. “I try to find the word which describes our feelings,” he said at the opening of the ECB's annual forum on Monday in Sintra, Portugal.
ECB's Draghi expresses sadness at Brexit vote as markets plunge  Reuters
Yellen cancels Portugal trip amid Brexit fallout  Washington Examiner
Low gas prices mean a record-breaking July 4 travel weekend
Nearly 43 million Americans will hit the roads, seas, and air this weekend, according to AAA. Eighty-four percent of those will drive thanks to gas prices at decade lows.
Fourth of July travel will break records, AAA predicts  Los Angeles Times
Record July 4 travel expected with cheap gasoline and 3-day weekend  NOLA.com
Chipotle to launch complex loyalty program on Friday
The 'Chipotopia' summer rewards program is based not on dollars spent or points accumulated, but on frequency of paid visits.
Chipotle unveils summer loyalty program  CNNMoney
Chipotle launches loyalty program to get more customers — and data  Chicago Tribune
Auto stocks are falling faster than market post-Brexit
Post-Brexit shock waves kept rattling financial markets Monday, but one short-term trend is clear so far - the Detroit 3 automakers and their Asian competitors are taking a greater hit than the market at large.
Automakers Fear Brexit Will Kill Sales, Profits And Investments In The UK  Jalopnik
Brexit hits US auto industry, US car sales rate slows, and more  New York Daily News
Out-of-pocket hospital costs rose between 2009 and 2013
Average out-of-pocket costs for hospitalization went up for people in the U.S. with insurance between 2009 and 2013, due largely to increasing deductibles and coinsurance, according to a new study.
Even With Insurance, A Hospital Stay Will Cost You $1000 or More  NBCNews.com
Patients paying higher share of hospital bills  Chicago Tribune
Ratings agencies rip into UK's credit score after Brexit vote
LONDON Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.
Fitch cuts UK's rating to 'AA,' cuts 2016 GDP growth outlook  MarketWatch
S&P Strips UK of Triple-A Credit Rating  Wall Street Journal