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U.S. markets news

Terms of VW's $15 billion in settlements for cheating scandal announced by US
The settlements mark a key turning point in the prolonged saga following the disclosure of VW's rigged diesel violations. Photo credit: Bloomberg.
What VW drivers should know about the giant emissions settlement  San Francisco Chronicle
World stock markets climb after two-day Brexit rout
NEW YORK European and U.S. shares rebounded on Tuesday and the battered pound rose as markets digested Britain's vote last week to leave the European Union.
US Stocks Rally Amid Tuesday's 'Great Reprieve'  Wall Street Journal (blog)
Brexit Hits S&P 500 Pain Threshold Though Wounds Seen Survivable  Bloomberg
Why Xencor Inc's Shares Are Skyrocketing Today
What: Shares of Xencor (NASDAQ:XNCR), a clinical-stage biopharmaceutical focused primarily on autoimmune diseases and cancer, are up more than 35% as of 3:20 p.m.
Xencor Announces Strategic Collaboration for Bispecific Programs, including ...  PR Newswire (press release)
Xencor signs cancer-drug deal with Novartis; its stock surges 32%  Los Angeles Times
71% of Americans believe economy is 'rigged'
Seventy-one percent think the U.S. economic system is "rigged in favor of certain groups," according to a new poll by Marketplace and Edison Research.
7 Out of 10 Americans Believe Economy Is Rigged Against Them  Truthdig
New Marketplace-Edison Research Poll Shows Increase in Americans' ...  Digital Journal
US first-quarter GDP revised up, Brexit risk to outlook
WASHINGTON U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs of a pickup in the second quarter, analysts worry Britain's vote to leave the European Union could hurt activity later ...
Economy|First-Quarter GDP Revised Up to 1.1%, but Still Shows Slowdown  New York Times
US GDP Growth in First Quarter Revised Up to 1.1% Rate  Wall Street Journal
US home prices climb in April; 7 cities set new records
This Tuesday, May 24, 2016, photo shows a home for sale in Andover, Mass. On Tuesday, June 28, 2016, the Standard & Poor's/Case-Shiller 20-city home price index for April is released.
Metro Atlanta home prices rise more than U.S. average  Atlanta Journal Constitution
Home Prices Setting New Highs In More Cities, Says S&P/Case-Shiller  Forbes
Ikea Recalls 29 Million Chests and Dressers After 6 Children Die
Government regulators gave a demonstration of the tip-over threat posed by Ikea furniture during a news conference in Washington on Tuesday.
Saying goodbye to the woman who changed sports forever  USA TODAY
Ikea recalls millions of dressers in US, Canada after child deaths  Yahoo News
Katzenberg is sued over Comcast-DreamWorks merger deal
A DreamWorks Animation shareholder has filed a class action lawsuit against Chief Executive Jeffrey Katzenberg, alleging the mogul struck a lucrative side deal with Comcast Corp.
Jeffrey Katzenberg Had Conflict Of Interest In Comcast Deal, Suit Charges  Deadline
Hulk Hogan Wants to Assess Whether Gawker's Nick Denton Is Really ...  Hollywood Reporter
Pinterest Encourages Shopping Frenzy With New AI Features
Machine learning and artificial intelligence are coming to Pinterest, which this week announced new features aimed at encouraging its users to use the site for shopping.
Pinterest ramps up shopping efforts  The Mercury News
Darius Adamczyk to succeed Dave Cote as Honeywell's CEO
Dave Cote, Honeywell International Inc.'s long-serving chairman and chief executive, will step down as CEO on March 31 but remain as executive chairman until April 2018, Honeywell said in a statement Tuesday.
Honeywell (HON) COO Adamczyk to Succeed Dave Cote as CEO  StreetInsider.com
Honeywell CEO Cote to Step Down in March  Wall Street Journal