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U.S. markets news

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
Bloomberg  
Does Donald Trump's plan to drill more oil make sense?
Donald Trump wants to help the slumping oil and gas industry by cutting regulation and encouraging a lot more drilling. He even promised to "save" the coal industry.
Trump: Obama's Unnecessary Oil, Gas, Coal Regulations Will Go  E&P
Trump's energy plan would distort free market  Chicago Tribune
Starbucks bets on Nitro cold brew in Chicago, six other U.S. cities
A nitro cold brew is prepared May 24, 2016, at a Starbucks store in Seattle. The product will be rolled out this summer to Starbucks locations in major cities, including Chicago.
Starbucks aims to rule cold coffee market with launch of nitro cold brew  USA TODAY
Starbucks' Cold Coffee Could Heat Up the Stock  Barron's
US Home Prices Jump as Supply Pinch Plays Out
Home prices across the U.S. rose sharply in early spring amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining strength.
Seattle area home prices set new record; 2nd-fastest rising in nation  The Seattle Times
Home Prices Climbed 5.2% In March, Says S&P/Case-Shiller  Forbes
Great Plains Energy's Plan to Buy Westar Worries Investors
Great Plains Energy has charged up for a $12.2 billion purchase of larger neighbor Westar Energy. The transaction unveiled on Tuesday has features typical of pairings between regulated American electric utilities.
Goldman's $8 Billion Debt Assist  Bloomberg
Great Plains to Acquire Westar for $8.6B  TheStreet.com
Valeant Pharmaceuticals Not Ready To Let Go Of Pearson
Valeant Pharmaceuticals Intl Inc. (NYSE:VRX) doesn't seem to be ready to set sail without its former Chief Executive Officer, Michael Pearson.
Valeant's Former CEO Will Stay on as an $83000-a-Month Consultant  Fortune
Valeant's Former CEO to Receive $9 Million Severance  New York Times
Instagram officially announces its new business tools
Instagram this morning officially announced the launch of its tools for business users, including new business profiles, analytics and the ability to turn Instagram posts into ads directly from the Instagram app itself.
Instagram Is Now Giving Small Businesses a Dashboard Full of Data About ...  Adweek
Instagram Makes E-Commerce Push With New Tools For Businesses  Forbes
India's economic growth surges in March quarter
NEW DELHI India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week.
India's Mediocre Growth  Wall Street Journal
India's 7.6 Percent Growth in 2015-16 Fastest in Five Years  India West
Icahn is Not the Ackman of Allergan
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
Icahn Bets on Allergan's Brett Saunders in Post-Pfizer Era  TheStreet.com
Carl Icahn acquires 'large position' in Allergan, backs CEO  Reuters
US Consumer Confidence Declined in May, Clouding Outlook
WASHINGTON—Gauges of U.S. consumer confidence are sending mixed signals, fostering uncertainty about whether the recent pickup in consumer spending will be sustained into the summer months.
Consumers Are Spending but Unconfident About Economy  Newsmax
US consumer confidence slips in May  Morganton News Herald