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U.S. markets news

US consumer spending increase strongest in over six years
WASHINGTON U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise ...
Rate of consumer spending enjoys its largest monthly jump in six years  Washington Post
US Consumers Start Their Engines  Wall Street Journal
Bloomberg  
US Home Prices Jump as Supply Pinch Plays Out
Home prices across the U.S. rose sharply in early spring amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining strength.
Home Prices Climbed 5.2% In March, Says S&P/Case-Shiller  Forbes
Home-price growth rate in metro Denver outstrips most of U.S. (Video)  Denver Business Journal
Instagram Adds Business Profiles in Advertising Growth Push
Facebook Inc.'s photo-sharing application Instagram is unveiling tools to help businesses differentiate themselves from regular users in a bid to help drive advertising revenue.
Instagram Makes E-Commerce Push With New Tools For Businesses  Forbes
Instagram officially announces its new business tools  TechCrunch
Valeant's Former CEO to Receive $9 Million Severance
C. Michael Pearson at a Senate Committee on Aging hearing in April. He stepped down as chief executive of Valeant Pharmaceuticals International on May 2. Credit Drew Angerer for The New York Times.
Ex-Valeant CEO Gets Consulting Gig With Drugmaker  TheStreet.com
Valeant's Former CEO Will Stay on as an $83000-a-Month Consultant  Fortune
India's economic growth surges in March quarter
NEW DELHI India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week.
India's Mediocre Growth  Wall Street Journal
India's Economic Growth Up To 7.9% Of GDP For Quarter, 7.6% For The Year  Forbes
Icahn is Not the Ackman of Allergan
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
Icahn Bets on Allergan's Brett Saunders in Post-Pfizer Era  TheStreet.com
Carl Icahn acquires 'large position' in Allergan, backs CEO  Reuters
US regulated power firm Great Plains to buy Westar for $8.6 billion
Great Plains Energy Inc (GXP.N), the owner of regulated power utility Kansas City Power & Light, will buy bigger rival Westar Energy Inc (WR.
US stocks slide following late slump in oil prices  The Seattle Times
Wall St. Is Mixed as Investors Weigh Economic Data  New York Times
Starbucks aims to rule cold coffee market with launch of nitro cold brew
Starbucks plans to start tapping kegs this summer - for coffee. The Seattle-based coffee company said Tuesday it will introduce nitro cold brew in stores as it aims to capitalize on the explosive growth in iced coffee drinks.
Starbucks' Cold Coffee Could Heat Up the Stock  Barron's
When Can You Get Starbucks Nitro Cold Brew? The New Drink Is Heading To ...  Bustle
US Consumer Confidence Declined in May, Clouding Outlook
WASHINGTON—Gauges of U.S. consumer confidence are sending mixed signals, fostering uncertainty about whether the recent pickup in consumer spending will be sustained into the summer months.
Consumers Are Spending but Unconfident About Economy  Newsmax
US consumer confidence slips in May  Morganton News Herald
Microsoft's investing arm is back on the market, but will entrepreneurs bite?
After laying dormant for quite some time, Microsoft has announced that it is getting back into directly investing in startups. Microsoft Ventures has been overhauled, though it's not clear why Microsoft has decided to get back into investing - or if ...
Microsoft starts venture fund targeting cloud, AI  USA TODAY
Microsoft's Revamped Ventures Division Will Focus On Startups  InformationWeek