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U.S. markets news

Fed's Fischer sees inflation rebound, allowing gradual rate hikes | Reuters
JACKSON HOLE, Wyo. U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a ...
STANLEY FISCHER: These 7 charts give me 'good reason to believe' ...  Murphysboro American
Fed's Fischer says not clear how Fed discussions could affect China stocks  Reuters
Press Examiner  
Wall Street ends on a placid note after a week's roller coaster ride
Wall Street closed on a calm note on Friday as US stocks have come surging back, days after the global market turbulence and worries about China's economy.
By this measure, stocks have weathered the worst  MarketWatch
Wall Street ends flat in quiet end to dramatic week  Reuters
Oshkosh Corp won a $30bn contract to replace US Army's Humvee
Washington - Oshkosh Corp. just won a massive $30 billion contract to completely replace the US Army's Humvee units. Other candidates for the elaboration of the military vehicles included industry giants Lockheed Martin and Humvee builder AM General.
Oshkosh Defense JLTV Will Begin Replacing Humvee in 2016  Modern Readers
US Army's $30 billion Humvee replacement deal outrages defense industry ...  State Column
Berkshire Hathaway Takes Larger Stake in Phillips 66
Berkshire Hathaway, the holding company led by Warren E. Buffett, disclosed a $4.48 billion stake in the oil refiner Phillips 66, rebuilding a bet Berkshire had made in the energy industry before oil prices fell.
Berkshire Hathaway builds stake in refiner Phillips 66  Fremont Tribune
Warren Buffett's Berkshire Hathaway bets on oil rebound with Phillips 66 ...  The Australian Financial Review
Focus turns to US Fed moves as China slowdown looms
After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term US interest rate hike and help tamp down the market's ...
China threatens global recovery  Irish Independent
Q&A about this week's market turmoil in China and beyond  Financial Express
China to cap 2015 local government debt at 16 trillion yuan: Xinhua
China's parliament approved on Saturday a cabinet plan to cap total outstanding local government debt at 16 trillion yuan ($2.5 trillion) this year, the official Xinhua news agency reported.
Audacious move: China scraps loan-to-deposit ratio cap  The Express Tribune
China adopts local government debt ceiling  AsiaOne
China's banks face tightening bad loans squeeze
China's banks are facing an ever tighter squeeze as profits stagnate and bad loans jump while the economy continues to slow and heavily indebted companies struggle to survive.
China banks warn of rising bad loans and falling margins as economy slows  Reuters
Lenders grapple with bad loans  China Daily
Twitter Setting Modest Goals to Improve Diversity
The company has been working hard to increase employee diversity for a long time; they even continue to post diversity goals online in an effort to improve awareness throughout social media (and hoping it will trickle back down to their workforce ...
Twitter shares 2016 diversity goals for hiring women, underrepresented ...  Dispatch Times
Twitter sets modest goals to diversity its workforce  Financial Express
Russia's Proton Rocket Launches Successfully After May Failure
The company has also partnered with Cisco on the development of its Service Enablement Platform (ISEP) and Inmarsat Gateway, which will deliver applications from its certified Application Partners tailored to meet Global Xpress users' needs.
Key Inmarsat rocket flight from Kazakhstan 'a success'  BBC News
Boeing-built Satellite Will Create First Global High-Speed Broadband Network  Aviation.ca (press release)
The US economy's second quarter went from solid to stellar
FILE - In this July 9, 2015 file photo, workers harvest early apples at Samascott Orchards in Kinderhook, N.Y. The Commerce Department releases second-quarter gross domestic product on Thursday, Aug. 27, 2015.
US Economy Much Stronger Than Believed  Morningstar.com
Interest rates  The Economist (blog)