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U.S. markets news

Europe launches reform "reflection" after Brexit shock
BRUSSELS Hoping to stave off a broader political crisis after Britain's shock decision to leave the EU, European leaders agreed on Wednesday to spend the next nine months developing proposals for an overhaul of the bloc amid deep divisions between its ...
Could Brexit Be Canceled? Here's How Vote Might Be Reversed  NBCNews.com
Help wanted: Line forms to replace UK's Cameron  USA TODAY
U.S. News & World Report  
GE Capital Is No Longer Too Big To Fail
General Electric's GE +1.77% sprawling finance business was a huge moneymaker in the years before the 2008 financial crisis, but quickly became an albatross as frozen credit markets nearly brought the entire institution to its knees.
GE Deemed No Longer "Too Big to Fail"  Fortune
GE Capital is no longer 'too big to fail,' regulators say  Washington Post
US Pending Home Sales Fell 3.7% in May
WASHINGTON—A gauge of upcoming home sales slid in May, a possible sign of slowing in the U.S. housing market heading into the summer months.
Pending Home Sales Skid in May  PR Newswire (press release)
Pending home sales: Fewer homes being sold for first time in 2 years  HousingWire
CIBC Extends Canada Push Into U.S. With PrivateBancorp Deal
Canadian Imperial Bank of Commerce agreed to buy Chicago-based PrivateBancorp Inc. for $3.8 billion, joining the list of Canadian lenders looking to the U.S.
Canada's CIBC to pay $3.8 billion for PrivateBancorp, expand in US  Reuters
CIBC to Acquire PrivateBancorp, Inc.  PR Newswire (press release)
Brexit: Vodafone, British telecom giant, could move HQ outside of U.K.
LONDON, June 29 (UPI) -- Vodafone, the British telecommunications giant, is considering moving its London headquarters outside of the United Kingdom depending on the results of Brexit negotiations.
Brexit: Vodafone says it might leave the U.K.  CNNMoney
Brexit: Vodafone Could Move Thousands of Jobs Out of UK  Newsweek
Dow up 200 on Day 2 of 'Brexit' relief rally
Day 2 of the 'Brexit' rebound rally is underway on Wall Street as the Dow jumps almost 200 points higher Wednesday as investors begin to downplay the economic fallout caused by Britain's vote to leave the European Union.
What Does Brexit Say About the Health of US Financial System?  Wall Street Journal (blog)
European Markets Extended Recovery Rally On Easing Brexit Concerns  Nasdaq
How Mark Zuckerberg infuriated his Hawaiian neighbors
The thing is, it's a really big wall, according to Gy Hall, a Hawaii resident. “The feeling of it is really oppressive. It's immense,” Hall told the Garden Island newspaper.
Mark Zuckerberg Irks His Neighbors, Again, This Time in Hawaii  NBCNews.com
Mark Zuckerberg wall makes Facebook CEO's Hawaii neighbors grumble  CBS News
US Consumer Spending Rose 0.4%, Showing More Confidence After Slow First Quarter
WASHINGTON—Consumer spending climbed in May, suggesting a key pillar of the U.S. economy has bounced back after a lackluster start to the year.
US consumer spending rises for second straight month  Business Insider
US Consumer Spending Posts Healthy Gain in May  New York Times
DoorDash, going beyond food delivery, will soon bring you alcohol
DoorDash started off as a restaurant delivery company - but, like many on-demand delivery companies, its ambitions are much higher.
DoorDash will now deliver alcoholic drinks with your meal, starting in ...  VentureBeat
Now you can get booze with your food delivery  The San Diego Union-Tribune
Walmart amps up campaign to take on Amazon Prime
Since last year, Walmart has been testing a membership program called Shipping Pass that offers unlimited free shipping on many online purchases– effectively the retail behemoth's answer to Amazon Prime.
Walmart Is Offering a Free Trial for Its Amazon Prime 'Killer'  Fortune
Ahead of Amazon Prime Day, Wal-Mart tries to move in  Columbus Dispatch