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U.S. markets news

China stock plunge accelerates as regulator warns of panic | Reuters
SHANGHAI Chinese stocks plunged on Wednesday after the country's securities regulator warned investors were in the grip of "panic sentiment" and the market showed signs of freezing up as firms scrambled to escape the rout by having their shares ...
Hong Kong Stock Index Down 8 Percent Amid China Sell-Off - The New York ...  New York Times
Hang Seng on track for biggest points fall ever - fastFT: Market-moving news ...  Financial Times
Barclays McFarlane Ousts CEO Jenkins as Bank Speeds Overhaul - Bloomberg ...
Barclays Plc Chairman John McFarlane ousted Chief Executive Officer Antony Jenkins as the bank seeks to deepen cost cuts to bolster earnings.
Antony Jenkins to Step Down as Barclays Chief Executive - The New York Times  New York Times
UPDATE 1-Barclays CEO Antony Jenkins to leave, chairman takes over | Reuters  Reuters
Cruises to Cuba may be on way -
Starting in May, Carnival Corp. plans to offer trips from Miami to the Caribbean island nation, the company announced Tuesday. Carnival says it would become the first American cruise company to visit Cuba since the 1960 trade embargo.
Carnival Gets U.S. Approval to Start Cruises to Cuba - WSJ  Wall Street Journal
Carnival Plans Cruise to Cuba - The New York Times  New York Times
White House wants to expand people's access to solar energy - Engadget
The solar industry's apparently doing really well in the US right now, but the White House wants to broaden its reach even further.
BOI to Install Off-Grid Solar Power in Six States | RenewablesBiz  RenewablesBiz
Georgia Power to offer solar sales, installation services |  Savannah Morning News
UPDATE 1-China car hailing app Didi Kuaidi raises $2 bln as Uber rivalry ...
... * Still seeks to raise "few hundred million dollars" more. * Company valued as high as $15 bln - sources. * Large fundraising sets stage for long battle with Uber (Adds comments from executives, details).
Uber Said to Seek Up to $1 Billion Funding for Chinese Carveout - Bloomberg ...  Bloomberg
Chinese Uber Rival Didi Kuaidi Raises $2 Billion | Re/code  Re/code
Gadget fatigue? Worldwide sales are forecast to decline - Business - NZ Herald ...
Analysts expect users to upgrade their tablets an average of once every three years - far less than smartphones. Photo / AP. According to a new forecast, shoppers worldwide will spend less on gadgets in 2015 than they did in 2014 - the first drop since ...
We'll spend less on gadgets this year for the first time since 2010 ...  Washington Post
Gartner cuts worldwide device shipment growth forecast for 2015 | Reuters  Reuters
AirAsia hits major turbulence in Indonesia -
Indonesia's transportation ministry has ordered 13 airlines to raise funds to reach positive equity positions out of a concern that negative equity will affect safety oversight, according to media reports.
AirAsia shares tumble 13% to 5-year low - fastFT: Market-moving news and ...  Financial Times
AirAsia shares tumble on fears Indonesia affiliate could be grounded ...  Business Standard
Australia shares tumble 2 pct as China, Greece woes spread gloom | Reuters
(Updates to close). SYDNEY, July 8 (Reuters) - Australian shares fell 2 percent on Wednesday amid concerns about an equity rout in China and fresh doubts that Greece can reach a bailout deal with Europe.
Yen Rises as China Stock Slide Spurs Haven Demand; Aussie Falls - Bloomberg  Bloomberg
Commodity carnage: broad sell-off in metals and energy commodities charts  Sydney Morning Herald
Chinese brokers woken from global dreams by market emergency | Reuters
HONG KONG The business plans and overseas ambitions of Chinese brokerages are being shelved as Beijing pushes them to use their resources to arrest a dramatic plunge in domestic equity markets that is threatening China's economic stability.
China fund turns to Hong Kong to sell $816 million Haitong Sec stake - The ...  Economic Times
Citic Securities, Huatai Securities, China Galaxy Securities sink in Hong ...  South China Morning Post (subscription)
Puerto Rican debt crisis forces its way onto presidential political agenda ...
Q: Which place has as many Republican delegates as New Hampshire, plus enough native sons and daughters living in Florida to swing the outcome of that state's presidential primaries or even the general election?
Puerto Rico to meet with creditors on Monday, not looking to cut principal ...  Reuters
House Panel Chairman Seeks to Revive Puerto Rico Bankruptcy Bill - Bloomberg  Bloomberg