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U.S. markets news

Fed's lasso won't corral bull market anytime soon
Barring an unforeseen, exogenous event, this is how the bull market will end: The Federal Reserve will push interest rates higher until the economy slows and corporate earnings tumble.
30-Year Mortgage Rates Jump After Fed's July FOMC Meeting  The Mortgage Reports
U.S. stocks end mixed on dovish Fed statement; Dow falls 0.19%  NASDAQ
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Argentina Defaults According to S&P as Debt-Dispute Talks Fail
Standard & Poor's declared Argentina in default on its foreign-currency obligations after the government missed a deadline for paying interest on $13 billion of restructured bonds.
Argentina defaults after last-minute talks fail  Financial Times
Debt mediator Pollack: Argentina 'will imminently be in default' ...  Reuters
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Economy rebounds from dismal winter as growth rate surges 4% in second quarter
After suffering the sharpest contraction since the recession ended, the U.S. economy rebounded this spring, providing fresh evidence that the recovery is finally turning a corner.
Economy heats up in Q2 after harsh winter  USA TODAY
US economy grew at 4 percent rate in 2nd quarter, beating expectations
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Snapchat could become latest start-up to reach a $10-billion valuation
People take pictures in front of a Snapchat sign in Venice Beach last year. (Patrick T. Fallon / Bloomberg). By Andrea Chang, Paresh Dave contact the reporters · StartupsFinanceSnapchat, Inc.Alibaba GroupEconomy, Business and FinanceConsumer Goods ...
Snapchat Said to Have Had Talks With Alibaba on Potential Investment  New York Times
Snapchat value could hit $10 billion with possible Alibaba investment  Columbus CEO
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US STOCKS-S&P 500, Nasdaq end up as Fed in no rush to raise rates
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Twitter shares rally a day after results.
S&P 500, Nasdaq end up as Fed in no rush to raise rates  Reuters India
Narrow, Mixed Close to Volatile Session  AdviceTrade
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Dovish Fed takes edge off dollar rally
SYDNEY (Reuters) - The U.S. dollar held below a 10-month peak against a basket of major currencies early on Thursday, having soared at first on upbeat growth data only to have a dovish Federal Reserve take some steam out of the rally.
Dollar Holds Gains After GDP Rebounds as Oil Extends Drop  Businessweek
1st LD Writethru: Dollar rallies on strong U.S. growth data  GlobalPost
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Los Angeles Pipe Rupture: A Look at the Numbers
A torrent of water spewed from a nearly century-old pipe that burst in Los Angeles, shutting down a section of Sunset Boulevard and inundating the campus of UCLA.
UCLA flood: Estimate of gallons lost in main break doubles to 20 million  Los Angeles Times
Crews clean up, repair flood damage from LA water main break  Chicago Tribune
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Cargill to close Milwaukee beef plant
Cargill said it will close its Milwaukee beef plant on Friday in response to a record low cattle supply amid years of drought. The plant has 600 workers, but Cargill said that some workers will be given jobs at neighboring plants.
Shrinking cattle herd to shut down Cargill Wisconsin beef plant  Reuters
Cargill to Close Milwaukee Beef Plant Friday, Lay-off 600 Workers  WUWM
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Kraft Foods quarterly net income down, revenue barely up
NEW YORK, July 30 (Reuters) - Kraft Foods Group Inc said on Wednesday that its second quarter net income fell 42 percent from a year ago when the company benefited from a gain tied to employee pensions, and its sales barely increased as the company ...
Kraft Foods Profit Falls, Misses Estimate  NASDAQ
Kraft 2Q profit falls 42 percent  Businessweek
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Twitter's surge revives valuation debate
(Reuters) - The surge in Twitter Inc's stock has revived debate about whether it warrants a valuation five times that of Facebook Inc , its biggest rival in social media.
Can Twitter convert its unknown knowns?  MarketWatch
Twitter shares jump 29% in surge of #marketlove  Toronto Star
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