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U.S. markets news

Why Mylan's 'savings card' won't make EpiPen cheaper for all patients
After being blasted for price hikes on its lifesaving EpiPen allergy injections, the drugmaker Mylan announced Thursday that it will expand access to the product - not by lowering the price, but by creating a savings card that will cover up to $300 of ...
How Parents Harnessed the Power of Social Media to Challenge EpiPen Prices  New York Times (blog)
Mylan boosts EpiPen patient programs, doesn't budge on price  Chicago Tribune
Los Angeles Times  
Orders for U.S. Capital Equipment Climb by Most Since January
Orders for business equipment climbed in July for a second month, advancing the most since January and indicating U.S. companies are becoming less reluctant to invest.
Durable Goods Good, But Not Great  Wall Street Journal (blog)
US core capital goods orders surge; jobless claims fall  Reuters
Inside the Fed's Jackson Hole retreat
An old editor at MarketWatch once called the Federal Reserve's Jackson Hole summer retreat a “goat rodeo.” Having never attended such an event, I instead liken it to the Pro Bowl of economics, with media tents like you see at the Super Bowl media day.
Op-Ed: The Fed needs to stop stalling and hike rates now  CNBC
Years of Fed Missteps Fueled Disillusion With the Economy and Washington  Wall Street Journal
Uber Loses at Least $1.2 Billion in First Half of 2016
The ride-hailing giant Uber Technologies Inc. is not a public company, but every three months, dozens of shareholders get on a conference call to hear the latest details on its business performance from its head of finance, Gautam Gupta.
Uber lost a whopping $1.27 billion in the first half of 2016  Business Insider
These Real Reason Uber Abandoned China  TIME
Yes, Sears Is Still the Worst Stock on the Planet
Sears (SHLD) is in a very precarious place as it gears up for the holiday season. The single biggest thing that stood out to me from the company's dreadful second-quarter results was the dangerously low cash balance.
Sears Holdings Gets More Aid From Lampert After Another Quarterly Loss  Wall Street Journal
Sears Holdings Reports Second Quarter 2016 Results  PR Newswire (press release)
Jobless Claims in U.S. Decline to Lowest Level in Five Weeks
The number of Americans filing applications for unemployment benefits fell to the lowest level in five weeks, another sign of endurance in the labor market.
US Jobless Claims Fall Further  Wall Street Journal
US weekly jobless claims total 261000 vs 265000 estimate  CNBC
US Treasury Accuses EU Tax Officials of Picking on Apple
The European Commission rebuffed an attack by the U.S. Treasury on its investigations into alleged sweetheart tax deals between companies such as Apple aapl and McDonald's mcd and European governments, saying there was no anti-U.
Treasury ramps up  Politico
US Treasury Complains Over EU Tax Probe Into Apple - JP Morgan Entirely ...  Forbes
This Powerful Fed Official Says It's Time for the Fed to Raise Rates
It is time for the Federal Reserve to raise U.S. interest rates gradually given progress on employment and inflation, said Kansas City Fed President Esther George, the only U.S.
Here's How US Banks are at Risk from Macro Uncertainty  Bidness ETC
Biden warns Europe against Russian energy reliance
U.S. Vice President Joe Biden is pictured during a press conference at the Swedish government offices Rosenbad in Stockholm, Thursday Aug. 25, 2016.
Reuters: Nord Stream 2 partners rework funding after JV collapses  Seeking Alpha
Hot Commodities: Making Amends  Lawfare (blog)
Before charging that tuition bill, check for fees
A majority of the largest U.S. colleges and universities that allow students to pay tuition with a credit card tack on a service fee to the charge, according to a new CreditCards.
Is Your Credit Card Interest Rate Too High?  Yahoo Finance
Credit cards are getting more popular this year  Carlisle Sentinel