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U.S. markets news

Metro Detroit home prices nearing pre-recession levels
The metro Detroit real estate market is inching back toward pre-recession territory. Home prices across the metro area were about 4% higher this May compared to a year earlier, which was slightly below than the average 4.4% price increase experienced ...
Strong Home Sales, Limited Supply Lift US Home Prices in May  New York Times
Local home price gains hold steady  The San Diego Union-Tribune
Bloomberg  
VW surpasses Toyota as world's largest automaker in first half of 2015
Volkswagen surpassed Toyota as the world's largest automaker in the first half of 2015, fulfilling a long-held goal, despite a sales slump in the U.S.. Volkswagen sold 5.04 million vehicles in the first six months of the year, edging Toyota's 5.02 ...
Volkswagen passes Toyota for global sales lead in first half  Newsday
CORRECTED-UPDATE 2-VW overtakes Toyota as world's biggest carmaker  Reuters
Plunge in Consumer Confidence Exposes Risk for U.S. Economy
Consumer confidence slumped in July by the most in almost four years as households became less upbeat about the outlook for the economy, employment and their finances, figures from the New York-based Conference Board showed Tuesday.
Conference Board Consumer Confidence Index Declines  ACA International
Consumer Confidence Falls to Lowest Level Since September  DailyFinance
High-Priced Trucks Propel Ford
Ford Motor Co. (F) has benefited from consumer appetite for higher-priced trucks and sport-utility vehicles, which propelled the automaker to a record second-quarter profit in North America.
Ford warns China car sales may see first fall since 1990  BBC News
Ford Rallies on Strong Truck Sales, Calls China 'A Concern'  TheStreet.com
For Puerto Rico, Prosperity Requires Equality
The press has turned its attention to Puerto Rico in the wake of the recent claim, made by the island's governor, that Puerto Rico cannot pay all of its $72 billion in outstanding debts.
Why US may not help Puerto Rico  CNBC
Wall Street rises after China market steadies
U.S. stocks were higher on Tuesday and were on track to break a five-day losing streak as a selloff in Chinese stocks eased and investors shifted focus to corporate earnings.
Dow Analyst Moves: DuPont  Forbes
U.S. Stocks Rise on Earnings Reports as China Market Stabilizes  Bloomberg
Amazon partners with startups to sell crowdfunded products
SAN FRANCISCO Amazon.com Inc launched a new platform on Tuesday that will help startups advertise and distribute their products directly to millions of Amazon customers, filling an important gap for entrepreneurs trying to reach a wider market of ...
Amazon creates startup service to find the next GoPro  Fortune
Amazon's New Launchpad Page Showcases Startup Products  Forbes
How Virgin Galactic's spaceship pilot survived a 10-mile fall back to Earth
Virgin Galactic's SpaceShipTwo had just passed the sound barrier when pilot Peter Siebold noticed something was not right, according to his newly released interview with investigators.
Cause of Virgin Galactic SpaceshipTwo Crash Revealed  ABC News
Pilot training fell short in Virgin Galactic crash, investigators say  Reuters
UPDATE 7-Oil up after 4-day loss; bets for drop in US stockpiles
(Updates market activity and comments to U.S. session; changes byline and previous LONDON dateline). * Brent in positive territory after plumbing near 6-month bottom.
Oil prices have plunged nearly 20% this month  CNNMoney
Crude Oil Climbs From Four-Month Low as U.S. Equities Rebound  Bloomberg
US Homeownership Drops To Its Lowest Level Since 1967
Data released by the Census Bureau on Tuesday reveal that the U.S. homeownership rate stood at 63.4% for the second quarter of 2015.
US homeownership rate tumbles to record low in second-quarter  Reuters
U.S. Homeownership Rate Declines to 63.4%, Lowest Since 1967 (1)  Chicago Tribune