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U.S. markets news

Faster pace of Fed hikes could spook market
Federal Reserve chair Janet Yellen has said it. And Wall Street pros agree: The thing to watch is not when the Fed hikes interest rates for the first time since 2006, but rather how aggressive the pace of rate increases will be once the tightening ...
Dollar Bulls Chasing Data Trail Expect Yellen to Stick to Script  Bloomberg
The Fed is setting the stage for a September interest rate hike  Business Insider
Asia stocks edge up, markets hushed for Fed
SYDNEY Asian shares clung to modest gains on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, while caution ruled elsewhere ahead of a policy decision from the U.S.
China Shares Teeter on Losses  Wall Street Journal
Asian stock markets muted ahead of Fed statement, keep wary eye on China  Fox Business
Twitter shares fall as growth of monthly users slows
Twitter Inc's shares fell more than 11 percent in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013.
Twitter shares fall as growth of monthly users slows down  Hindustan Times
Twitter's interim CEO Jack Dorsey's criticism of company refreshing ...  Economic Times
Wall Street ends sharply higher as China jitters ebb
The Dow Jones industrial average and S&P 500 chalked up gains of more than 1 percent, while the Nasdaq Composite lagged slightly.
Morning MoneyBeat Asia: US Stocks Recoup Monday Losses, and Then Some  Wall Street Journal (blog)
Dow up nearly 200 as Street ends 5 days of losses  USA TODAY
Volkswagen Profit Falls on China Weakness
BERLIN— Volkswagen AG VLKAY 2.87 % 's after-tax earnings slipped in the second quarter because of weakness in China and restructuring charges in its trucks business, Europe's largest car maker by sales said Wednesday.
Volkswagen Q2 earns slip on restructuring, troubled markets  Washington Post
Volkswagen posts 4.9 per cent gain in Q2 earnings due to cost cuts, Europe ...  Economic Times
Amazon sees drone zones for future delivery fleet
Washington • The first wave of long-range commercial drones should be allowed to operate in a narrow, low-altitude band and must agree to be tracked, according to Amazon.
Amazon Wants Airspace Reserved For Delivery Drones, Reports Say  CBS Local
Amazon proposes drones-only airspace for delivery: Report  Firstpost
Yelp's 2Q results, outlook disappoint as stock plunges
Yelp is getting skewered by investors after the online business review service sank to a second-quarter loss and dimmed its outlook amid a slowdown in its digital advertising sales.
Yelp Posts Surprise Loss as Revenue Growth Slows  New York Times
Shares of Yelp Inc. (NYSE:YELP) Sees Large Inflow of Net Money Flow  Insider Trading Report
HEAR IT: Allegiant Air pilot makes emergency landing
Initially, the pilot began circling above the runway and was told by air traffic controllers to land at an alternate airport a few 70 miles from Fargo.
Pilot with three minutes of fuel left told he can't land because airport ...  New Zealand Herald
FAA investigating airliner that nearly ran out of fuel  KRNV My News 4
Solvay Agrees to Buy Composite Maker Cytec for $5.5 Billion
Solvay SA, the Belgian maker of chemicals and plastics, agreed to buy Cytec Industries Inc. for $5.5 billion to become the world's second-largest maker of aerospace composite materials.
Belgium's Solvay to buy US peer Cytec for $5.5 billion  euronews
Belgium's Solvay to buy US peer Cytec for US$5.5 billion  Channel News Asia
Dallas-area home prices grow at almost twice the national average
The Dallas area had one of the highest home price gains in the country in the latest nationwide comparison. Dallas home prices in May were up 8.4 percent from a year ago in the new Standard & Poor's/Case-Shiller Home Price Index.
United States home prices up in May  Huntington Herald Dispatch
Case-Shiller Indices Show Home Prices Clearly Outpace Inflation  Economic Populist