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U.S. markets news

Chipotle acts quickly after exec indicted on drug charge
After news broke that an executive was indicted on a drug charge, his employer, Chipotle, quickly put Mark Crumpacker on administrative leave.
Chipotle Executive Put on Leave After Indictment in Drug Bust  Bloomberg
Chipotle executive put on leave after report of drug charges  The Denver Post
Nation's Restaurant News  
US stock indexes end strong week with tiny gains
U.S. stock indexes marked their fourth consecutive gain Friday, an upbeat finish for a week that got off to a turbulent start as investors fretted about Britain's vote to leave the European Union.
Wall St. Edges Up for 4th Day of Gains  New York Times
US stock indexes edge higher in afternoon trading  SFGate
Why Donald Trump buying $12K of Tebow gear could potentially be an IRS violation
Donald Trump, the presumptive Republican nominee, has many tremendous friends. Tom Brady of the Patriots is a tremendous friend. And maybe Tim Tebow is a tremendous friend too, because The Donald spent, according to the Washington Post, $12,000 ...
Records: Donald Trump used charity cash for Tim Tebow memorabilia  The Denver Post
Records: Trump used charity cash for Tim Tebow memorabilia  San Francisco Chronicle
Osborne abandons 2020 budget surplus target
Chancellor George Osborne has abandoned his target to restore government finances to a surplus by 2020. In a speech he said, given the effects of the referendum vote, the government had to be "realistic about achieving a surplus by the end of the decade".
Osborne Follows Carney in Signaling Stimulus After Brexit  Bloomberg
UK Gilt Market Shows Scrapping the Budget Rule Is a Good Idea  Wall Street Journal (blog)
US oil drillers add rigs for 4th week in five -Baker Hughes
July 1 U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the well pad since August that signaled a near-two year rout in drilling may have ended ...
U.S. Drillers Bring Back Rigs as Oil Market Seen Stabilizing  Bloomberg
Midland County tops 30 rigs  Midland Reporter-Telegram
An Activist Crusade Against Williams CEO Ends With Board Mutiny
The bad blood between Williams Cos. chief Alan Armstrong and directors who quit the company's board on Thursday runs deeper than a $33 billion merger with Energy Transfer Equity LP that fell apart this week.
Williams names new chair, stands by CEO after board upheaval  Reuters
Activist Investors Vow to Continue Fight With Williams  New York Times
US Construction Spending Surprises with 0.8% Slip in May
Back-to-back negative construction spending readings in April and May suggest the second quarter will be weak. Moreover, declines are broadly based with much of the weakness concentrated in public spending.
US construction spending fell again in May  WTOP
WRAPUP 1-US factory activity improves, construction spending slips  Reuters
PRECIOUS-Gold heads for fifth week of gains and silver soars
... * Silver breaches $19 level for the first time since Sept 2014 * Platinum, palladium mark highest since mid-May (Updates prices; adds comment, second byline, NEW YORK dateline) By Devika Krishna Kumar and Clara Denina NEW YORK/LONDON, July 1 ...
Don't be fooled by the rally — gold is still stuck in a 'bear super ...  Business Insider
Gold posts longest run of gains in two years  Salt Lake Tribune
GM, Toyota Sales Fell in June; Car Makers' Fast Pace May Be Slowing
U.S. auto sales last month rose at a pace that was the lowest in at least 13 months as two of the biggest players reported declines, adding to doubts about the industry's ability to maintain its record clip this year.
GM slips again as rental shipments fall  Automotive News
June Sales Underscore GM's Game Plan  Ward's Auto
Fed's Stanley Fischer Says Brexit Implications Still Being Evaluated
Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S.
Fischer's Wait-and-See Approach Makes Case for No July Fed Hike  Bloomberg
Gold surges 1% to hover near 27-month high, amid soft China factory data  Nasdaq