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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.
VW cheating settlement benefits 20000 in Ohio, Ind.
Volkswagen Will Pay US Diesel Car Owners Up To $10 Billion  NPR  
Wall Street licks its wounds after two-day Brexit rout
Wall Street recouped some recent losses on Tuesday as investors sought cheap assets after a two-day equities rout sparked by Britain's decision to leave the European Union.
Brexit Hits S&P 500 Pain Threshold Though Wounds Seen Survivable  Bloomberg
S&P Edges Ahead of 2000 Support Level; Can It Hold?  Benzinga
What the Ikea Recall Means to Consumers
Ikea agreed to immediately stop selling dressers that can too easily tip over onto children after at least six children have been crushed to death, the Consumer Product Safety Commission announced.
Ikea Recalls 29 Million Chests and Dressers After 6 Children Die  New York Times
Ikea Recalls Millions Of Chests, Dressers Because Of Tip-Over Hazard  NPR
Airbnb Sues San Francisco Over Enforcing a Law It Helped Pass
In 2014, protesters in San Francisco demonstrated over evictions caused by landlords converting buildings to Airbnb units. Credit Justin Sullivan/Getty Images.
Airbnb seen winning legal fight against hometown San Francisco  Chicago Tribune
Airbnb challenges San Francisco over rental law  BBC News
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 ...
First-Quarter Growth Revised Upward but Still Shows Slowdown  New York Times
US GDP Growth in First Quarter Revised Up to 1.1% Rate  Wall Street Journal
LendingClub to Cut 12% of Its Workforce as Loan Volumes Fall
Online lender LendingClub Corp. unveiled a new set of responses to a slump in its business Tuesday, restricting investors from exiting one of its funds and announcing job cuts totaling 12% of its workforce.
Lending Club says improper loans extended to ex-CEO's family  USA TODAY
Lending Club plans layoffs, discloses loans to former CEO and family members  Los Angeles Times
Richard Branson Calls For Re-Vote, Questions Intelligence Of UK Voters
Sir Richard Branson listens to a speaker at the Global Commission on Drug Policy in New York, in this September 9, 2014 file photo.
Four Pitch Tips From Richard Branson, Sara Blakely And Tyra Banks  Forbes
Richard Branson Says Virgin Has Lost Third of Value After Brexit  U.S. News & World Report
Uber legislation creates windfall for lobbyists
When legislation with dramatic implications for the state's taxi and ride-for-hire industries hits the Senate floor Wednesday, it will have already gone a long way to help the local economy.
Lyft Tells Investors to Expect No Growth in Rides for June  Bloomberg
As Senate mulls Uber bill, ex-AG Holder blasts fingerprint checks  Boston Herald
Home Prices Setting New Highs In More Cities, Says S&P/Case-Shiller
Home prices are continuing to rise at a steady clip, with an increasing number of cities setting new highs that haven't been seen since before the financial crisis.
Portland's streak continues: 7th straight month home values grew fastest ...
US Home Prices Continued Strong Growth in April, Case-Shiller Says  Wall Street Journal
Chipotle set to launch summer rewards program
The countdown to "Chiptopia," Chipotle's new summer rewards program, is underway. Literally. Chipotle's site features a countdown clock with the reward program pegged to launch July 1. An E. coli scare, which began in October 2015 and was declared over ...
Chipotle unveils summer loyalty program  CNNMoney
Chipotle hatches food giveaway to win back customers