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U.S. markets news

Optimistic About Inflation, Stanley Fischer Suggests That Fed Will Stick to ...
JACKSON HOLE, Wyo. - The Federal Reserve's vice chairman, Stanley Fischer, said on Saturday that he saw “good reason” to expect that inflation would rebound to a healthier pace as the American economy continued to grow.
Fed's Fischer says not clear how Fed discussions could affect China stocks  Reuters
STANLEY FISCHER: These 7 charts give me 'good reason to believe' ...  Carbondale News
Myrtle Beach Sun News  
China Premier Li Says No Basis for Yuan's Continued Depreciation
Chinese Premier Li Keqiang said there was no basis for a continued depreciation of the yuan after the central bank allowed the currency to devalue 2.8 percent this month.
Q&A about this week's market turmoil in China and beyond  Financial Express
China threatens global recovery  Irish Independent
Oshkosh Corp won a $30bn contract to replace US Army's Humvee
Washington - Oshkosh Corp. just won a massive $30 billion contract to completely replace the US Army's Humvee units. Other candidates for the elaboration of the military vehicles included industry giants Lockheed Martin and Humvee builder AM General.
US Army's $30 billion Humvee replacement deal outrages defense industry ...  State Column
A huge fight is about to erupt over US Army's $30 billion Humvee replacement  BABW News
US stocks open sharply higher after 6-day slump
Some investors were growing more confident after the US market held two straight days of gains. Financial markets have been volatile since China decided to weaken its currency earlier this month, a move investors interpreted as an attempt to bolster a ...
By this measure, stocks have weathered the worst  MarketWatch
Dow regains more than 600 points  Ledger Gazette
Berkshire Hathaway Builds Stake in Refiner Phillips 66
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 PSX 2.95 % more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
Berkshire Hathaway Takes Larger Stake in Phillips 66  New York Times
Warren Buffett's Berkshire Hathaway bets on oil rebound with Phillips 66 ...  The Australian Financial Review
Minecraft creator has existential meltdown on Twitter, then gets stung by ...
The creator of Minecraft, Markus Persson, took to Twitter early Saturday with all sorts of torments and searching questions about his current life, and his former life as the creator and owner of one of the most important games in history, the Lego ...
Minecraft inventor Markus Persson has 'never felt more isolated' ...  Daily Mail
Minecraft founder Markus Persson says he has 'never felt more isolated ...  The Daily Telegraph
UPDATE 3-Scotiabank energy-sector bad loans climb; profit tops estimates
(Adds CFO comments, updates shares). By John Tilak. TORONTO Aug 28 (Reuters) - Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll.
Scotiabank sees gains in international operations profit  The Globe and Mail (subscription)
Scotiabank energy-sector bad loans climb; profit tops estimates  Reuters Africa
Twitter shares 2016 diversity goals for hiring women, underrepresented minorities
But while Twitter's decision to set goals was praised by some diversity leaders including Jackson, others said the company set the bar far too low and did not outline any clear path toward achieving its objectives.
Twitter sets modest goals to diversity its workforce  Financial Express
Twitter Diversity Goals: Social Network Aims High For 2016  Immortal News
China's Commerce Ministry defends devaluation, sees 'limited' impact
China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".
China official blames Fed for global market rout, not yuan  The Standard Digital News (satire) (press release) (registration) (blog)
China's road to recovery brings emerging market turmoil  Global Risk Insights
Pentagon funding becomes quite a high-tech venture
Lenny Ignelzi/Associated PRessSecretary of Defense Ash Carter is briefed about a Marine exercise by Marine Major Quint Harris at Red Beach Thursday, at Camp Pendleton, Calif.
US funds new high-tech venture: Flexible, stretchy sensors  Financial Express
Apple (AAPL), Hewlett-Packard (HPQ) And Boeing (BA) Team Up With The Pentagon  CNA Finance (press release)