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U.S. markets news

Elon Musk announces plan to revolutionize factories
Having already upset the traditional automobile industry with his electric cars and the space exploration business with his reusable Space X rockets, Tesla Motors Chief Executive Elon Musk will now set about trying to revolutionize the American factory.
24 Tesla Shareholder Meeting Highlights — My Notes  CleanTechnica
Tesla Annual Meeting Fuels Cynics, Skeptics Alike  
Starbucks bets on nitrogen-infused cold brew coffee
Starbucks Corp. is doubling down on the iced coffee and cold brew market. The Seattle-based chain said Tuesday that it will add nitro cold brew to its lineup in its stores in Los Angeles and six other cities this summer.
Why is Iced Coffee More Expensive than Hot Coffee?  Yahoo News
Watch Out Pumpkin Spice Latte: Starbucks Releases Its Most Hipster Drink Yet  E! Online
Barclays Director Accused of Trading Tips for New Bathroom
A former Barclays Plc director was accused by the U.S. of giving tips about future mergers and acquisitions to a plumber friend in exchange for cash and a new bathroom, an arrangement that went down the drain when the plumber snitched to the government.
UPDATE 3-Ex-Barclays director accused by US of illegal tips to plumber  Reuters
Ex-Barclays Banker Charged With Passing Inside Information to Plumber  Wall Street Journal
Trump Makes Sense on Energy
Political markets are weird: They cry out for something and yet politicians, with their enslavement to conventional wisdom and careerist caution, are unwilling to supply it.
Trump is wrong on the Paris climate agreement. I know because I negotiated it.  Washington Post
Here's What Actual Climate Scientists Think Of Trump's New Energy Plan  ThinkProgress
Shari Redstone has 'no desire' to run Viacom, says spokesperson
More volleys were exchanged Tuesday in the battle for control of media company Viacom Inc. as a representative of Shari Redstone denounced statements made this week by Viacom's lead independent board member.
Russia Box Office: 'Warcraft' Debuts With $10.4M  Hollywood Reporter
Shari Redstone Says Viacom Shareholders Want New Management  Bloomberg
US stocks slip, S&P 500 trims third consecutive monthly gain
U.S. stocks slipped, with the S&P 500 paring a third straight monthly gain, as stronger spending data buttressed the case for higher interest rates as early as this summer.
Wall St. ends May with whimper as energy shares slump  Reuters
Dow Jones Industrial Average Loses 86 Points on Rising Rate Hike Expectations  Money Morning
US Home Prices Jump as Supply Pinch Plays Out
Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining some strength.
Metro Denver home prices up 10 percent from previous year  The Denver Post
US home prices rise in March as spring buying season begins  Morganton News Herald
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 ...
Rate of consumer spending enjoys its largest monthly jump in six years  Washington Post
US Consumers Start Their Engines  Wall Street Journal
After $16 million payment, Mets owners will defer another $45 million owed ...
NEW YORK -- The family that owns the New York Mets plans to make an initial payment of $16 million by Wednesday to return profits from Bernie Madoff's Ponzi scheme.
Mets' Owners to Begin Paying Settlement Owed in Madoff Fraud Case  New York Times
NY Mets owners reach revised deal with Madoff trustee  Reuters
China factory activity expands again in May but at tepid pace - official PMI
BEIJING Activity in China's manufacturing sector unexpectedly expanded for the third straight month in May but growth remained weak as orders softened, suggesting the world's second-largest economy is still struggling to regain traction.
China Caixin Manufacturing PMI Edged Down to 49.2 in May  Nasdaq
Triple threat: 3 surveys confirm China recovery remains far off  CNBC