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U.S. markets news

Big institutions no guarantee of stability for Alibaba IPO
NEW YORK (Reuters) - When Alibaba Group Holding Ltd begins trading on Friday the shares may not be able to avoid the kind of volatility typically seen in trading of eagerly anticipated IPOs, even as the bulk of the shares sold are expected to reside with 25 ...
Alibaba IPO Gives Insiders Rare Chance to Sell Early  Wall Street Journal
Alibaba's structure is 'dangerous': Mark Mobius  MarketWatch
Bloomberg   Related articles »  
The nation's wealth recovers, but largely for those at the top
The nation's aggregate wealth continued to show signs of recovery, ascending to $81.5 trillion as of June 30, after bottoming out at $55 trillion in 2009, according to a new Federal Reserve report released Thursday.
US Household Wealth Hits Fresh Record  Wall Street Journal
Stock Gains Lift US Household Wealth to a Record  ABC News
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US Jobless Claims Fall to Second-Lowest Level in 14 Years
WASHINGTON�The number of new applications for unemployment benefits dropped last week to their second-lowest level in 14 years, the latest indication layoffs are trending lower amid generally improving economic conditions.
Weekly jobless claims fall sharply to lowest since July  MarketWatch
US jobless claims data point to firming labor market  Reuters India
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UPDATE 3-Low take-up for cheap bank credit raises pressure on ECB
... * ECB launches long-term TLTRO loan scheme for banks. * Banks take 82.6 billion euros, well below poll forecast. * Banks have second chance to bid for loans in December.
Draghi's attempt to jump start stuttering eurozone falls flat  Financial Times
Low demand for cheap bank credit raises pressure on ECB  The Globe and Mail
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Comex Gold Stabilizes On Short Covering, Pares Loss After Post-FOMC Decline
(Kitco News) - Gold futures stabilized as Thursday's session wore on due to profit-taking and short covering, bouncing from the lowest level since early January after overnight selling in the wake of a U.S.
Gold Extends Losses as Investors Ponder Fed Plans  Wall Street Journal
Gold settles below $1230; worst day since early January  CNBC
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Ireland Economy Grows 7.7 Percent, Leads Eurozone
Ireland's economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared that the country's debt crisis was dead and buried.
Ireland experiences surge in economic activity  Financial Times
Ireland's economy fastest growing in European Union  The Guardian
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Stocks Trade Near Session Highs
U.S. stocks rose Thursday as investors were heartened by signals from the Federal Reserve that it remains on a measured course to eventually raise interest rates.
Stocks rally to records on Fed cheer; Dow up 100 points  CNBC
FOREX-Dollar hits six-year high vs yen as US data affirms rate view  Daily Mail
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Social media campaign shames some of the rudest and crudest airline passengers
A former flight attendant is publicly outing passengers who who behave badly on commercial flights --capturing them doing everything from putting their feet on the seat in front to peeing in the bathroom sink--and posting images on social media.
Annoyed travelers get revenge with 'Passenger Shaming' campaign  Atlanta Journal Constitution
'Passenger Shaming': Social Media Takes on the Rudest Passengers in ...  Yahoo News Canada
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Uber Has Pretty Much Destroyed Regular Taxis in San Francisco
We've all suspected Uber would wreck the traditional taxi industry. Now, at least in San Francisco, there's proof. Techno-optimist disrupters and angry cab drivers alike have predicted that Uber, the leading app-powered car service, would eventually put ...
Boise's Locate Express offers local alternative to Uber, Lyft for rides  The Idaho Statesman
The rise of Uber and the demise of taxis, in one chart  VentureBeat
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BofA Gets $6 Billion Bond Boost From Fannie and Freddie
Bank of America Corp. (BAC:US) is turning to Fannie Mae (FNMA:US) and Freddie Mac to guarantee more than $6 billion of older mortgages in what debt analysts say is probably a strategy to help it comply with tougher banking regulations.
FHFA Criticized for Process Leading to Repurchase Changes  Mortgage News Daily
FREDDIE MAC: Mortgage Rates Move to Highest Level Since Beginning of May  HNN Huntingtonnews.net
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