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U.S. markets news

How New Jersey's fiscal woes stack up to other states (hint: it's not good)
TRENTON - New Jersey is second worst in the nation in a survey of states' overall fiscal health released Tuesday. The Garden State beat only Illinois in the study of how much debt it has and how much cash is on hand conducted by George Mason ...
States ranked by fiscal performance  USA TODAY
Americans for Prosperity: Mercatus Center Report Underscores Urgent Need  PolitickerNJ
Willamette Week  
Kinder, Gentler IMF Austerity Stance Came Too Late to Aid Greece
A growing recognition by IMF economists since the global financial crisis of the dangers of imposing too much austerity on cash-starved countries may have come too late to help the fund's biggest client: Greece.
US entering steady growth pace: IMF  Livemint
IMF presses Federal Reserve to delay interest rate rise as $A dips below US74�  The Australian Financial Review
Europe's Headaches Are Just Beginning
Forget about a Greek exit from the euro, forced or voluntary. With a resounding vote against their creditors' bailout conditions in Sunday's referendum, the Greeks are sitting tight, and Greece's Prime Minister Alexis Tsipras is still winning his ...
Greece clings to eurozone hope as Alexis Tsipras battles banking collapse  The Guardian
Barack Obama pushes Angela Merkel to back down as eurozone leaders openly ...  Telegraph.co.uk
Emerging Stocks, Currencies Extend Slump as China Rout Deepens
Emerging-market stocks slid to the lowest this year and currencies weakened as a deepening rout in Chinese shares and a looming showdown in Greece's credit talks prompted investors to flee riskier assets in developing nations.
Here's everything you need to know about the crash that wiped out $3 ...  Financial Post
Closer Look: Gov't Had No Reason to Intervene in Stock Market Turbulence  Caixin Media
Can Shake Shack Be The Next Chipotle? Here Are The 14 Fastest-Growing ...
Want to turn your love for burgers, burritos, and chicken wings into investment ideas? Go where the growth is. With its stock jumping 58% in the past two years, Chipotle won over not only millions of burrito-loving consumers but also investors.
We Tried Shake Shack's New Chicken Sandwich  TIME
Shake Shack launches first-ever chicken sandwich dubbed the ChickenShack ...  New York Daily News
UPDATE 2-Clinton wants access for Puerto Rico to US bankruptcy laws
... * Says Puerto Rico should be on par with U.S. states. * Two U.S. senators hope to advance legislation (Adds comments by Blumenthal, Grassley spokeswoman).
Jeb Bush and Hillary Clinton support bankruptcy rights for Puerto Rico  CNNMoney
US court upholds ruling against Puerto Rico bankruptcy law, slams exclusion  Financial Express
AMD Drops to Two-Year Low After Reducing Sales Forecast
Advanced Micro Devices Inc. fell to its lowest in more than two years after the chipmaker said second-quarter sales declined more than originally projected because of weak consumer demand for personal computers.
AMD's Chips Are Down Even Further  Wall Street Journal
Shares of Advanced Micro Devices fall to nearly 3-year low after weak  Fox Business
Trade deficit grew to $3.3 billion in May: StatsCan
OTTAWA -- Canada's trade deficit grew to $3.34 billion in May from $3.0 billion in April, increasing chances the Bank of Canada will cut its key interest rate next week, economists said Tuesday.
US trade deficit widens; weakness abroad fuels export drop  Business Standard
Canada trade deficit widens, fueling bets on near-term rate cut  Economic Times
American Apparel couldn't live with Dov Charney—but can it live without him?
Stores aren't the only thing on the American Apparel chopping block. (Andrew Burton/Getty Images). Share. Written by. Marc Bain.
American Apparel to close stores, cut jobs  Toronto Sun
Inside the turnaround plan that could save American Apparel  Business Insider
Govt launches loan scheme for rooftop solar projects
Of the total 100,000MW solar power capacity planned, 20,000MW will come from solar parks and 40,000MW each from rooftop and distributed generation projects.
White House Solar Plan Aims at Low- and Middle-Income People  New York Times
The White House Wants To Increase Your Access To Solar Power  TIME