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U.S. markets news

Fed Official Fischer Leaves Door Open for September Rate Increase
JACKSON HOLE, Wyo. - The Federal Reserve may still go ahead and raise its benchmark interest rate in mid-September, Stanley Fischer, the Fed's vice chairman, said Friday.
Two-Year US Bond Yield Approaches 2015 High on Fed Fischer Comments  Wall Street Journal
Wall Street slips after Fischer's remarks  Reuters
USA TODAY  
Autos lift US consumer spending; sentiment slips
WASHINGTON U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.
Fed's Favorite Inflation Gauge Runs Below Target for 39 Straight Months  Wall Street Journal
US Consumer Spending up Moderate 0.3 Percent in July  ABC News
Ashley Madison CEO Steps Down in Wake of Hacking
The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members.
Ashley Madison chief Noel Biderman resigns after hackers exposed cheaters  USA TODAY
CEO of Ashley Madison Resigns Amid Devastating Hack  People Magazine
Consumer Sentiment in U.S. Declined in August to Three-Month Low
Consumer confidence declined in August to a three-month low as recent stock-market turbulence weighed on Americans' outlook for the U.S.
Consumer Sentiment Reading Slips in August  Wall Street Journal
Survey: Plunging stock prices hit US consumer sentiment  New Zealand Herald
Apple and Boeing partner with DoD on wearables initiative
New private-public partnership, based in Silicon Valley will be geared to deliver next-generation wearables to the U.S. armed forces.
Defense Dept. turns to Apple, Lockheed Martin for wearable tech  CNET
Apple is helping the U.S. defense department develop wearable tech  PCWorld
The Great Fall of China
ONCE the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers with sellers.
China and beyond, what caused the market turmoil this week?  CTV News
Panicking investors need a timeout on China  Sydney Morning Herald
Tiffany 2Q results miss Street, stung by strong dollar
NEW YORK (AP) - The strong dollar pressured Tiffany's fiscal second-quarter sales, and its performance missed analysts' expectations.
Tiffany profit misses estimates  gulfnews.com
Fed's Kocherlakota Says Open To More Stimulus Measures
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he'd likely support additional stimulus measures from the U.S.
Gold Climbs as Fed Leaves Open Possibilty of More Stimulus  Bloomberg
Fed's Kocherlakota: Don't Touch Interest Rates Yet  Fox Business
Scotiabank energy-sector bad loans climb; profit tops estimates
TORONTO Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll.
Scotiabank Quarterly Profit Meets Expectations  Wall Street Journal
Scotiabank Profit Beats Estimates as International Rebounds  Bloomberg
'Flash Crash' Trader Navinder Sarao Denied Extradition Delay
LONDON— Navinder Sarao, the British trader who allegedly contributed to the 2010 stock market “flash crash,” was denied a request to delay his U.S.
'Flash crash' trader extradition hearing to go ahead  BBC News
Accused US 'flash crash' trader fails to have UK extradition case ...  Reuters