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U.S. markets news

'Good reason to believe' inflation will rise: Fed's Fischer
JACKSON HOLE, Wyo. U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday.
Top Fed official: 'Good reason to believe' inflation will rise  Washington Post (blog)
Fischer Sees Good Reason to Believe U.S. Inflation Will Rise  Bloomberg
Fox Business  
A Cunning Plan For China: Deregulate Chinese Finance Markets
What with the Chinese government intervening heavily in the stock markets these past couple of weeks this might not be quite the politic time to suggest that the real answer to their problems is to completely deregulate finance in that country.
China stock market crash: All you wanted to know in 4 points  Financial Express
Focus turns to US data as China slowdown looms  gulfnews.com
Exclusive - Arab OPEC producers brace for oil-price weakness for rest of 2015 ...
DUBAI/LONDON A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.
Why Saudi Arabia won't cut oil production  CNNMoney
US stocks open slightly lower after sharp two-day surge
U.S. shares are rallying after their greatest day in virtually 4 years Wednesday, because the market bounced again from a six-day droop, pushing the Dow up 619 factors, or four %. But mostly it was the opportunity to pick up beaten down shares that ...
Stock market's wild week comes to quiet end  Omaha World-Herald
Wall Street ends on a placid note after a week's roller coaster ride  The Next Digit
Freeport-McMoRan Inc (FCX) Shares Fall as Oil & Copper drops
TheStreet reissued their sell rating on shares of Freeport-McMoRan (NYSE:FCX) in a research report released on Friday morning, StockTargetPrices.
Freeport-McMoRan Inc (FCX) Shares Fall With Drop In Copper And Oil Prices  Bidness ETC
Carl Icahn's Latest Bold Bet on Commodities and Energy  Wall Street Journal (blog)
Buffett's Berkshire takes $4.48 billion stake in Phillips 66
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) disclosed a $4.48 billion stake in oil refiner Phillips 66 (PSX.N), rebuilding a bet it had made in the energy industry before oil prices fell.
Warren Buffett's Berkshire reports $4.5 billion stake in refiner Phillips 66  Livemint
Warren Buffett just disclosed his newest $4.5 billion investment pick  Rapid News Network
There's a Humvee replacement on the way
Humvees have served the US military since 1984, but a new vehicle has stepped up to take its place. By Jeff Glucker, MotorAuthority August 29, 2015.
Who Will Replace the Humvee? Oshkosh, and Its JLTV  Motley Fool
Pentagon Taps Oshkosh to Build Next Humvee  PPP Focus.com
Twitter sets modest goals to diversity its workforce
Twitter is setting modest goals to diversify its workforce while it fights a proposed class-action lawsuit that says the online messaging service discriminates against its female employees.
Twitter Sets High Diversity Goals for 2016  Immortal News
Twitter publicly shares diversity goals for 2016  Paradise Post
Yellen ally pours cold water on rule-based monetary policy
JACKSON HOLE, Wyo. Aug 29 For much of her tenure as head of the Federal Reserve, Janet Yellen has been pressured by Republican lawmakers who want the U.S.
Janet Yellen ally pours cold water on rule-based monetary policy  Financial Express
Opinion: Fed rates hikes usually end in disaster, history shows  MarketWatch
Indian-origin trader fails to delay extradition bid from UK
LONDON: An Indian-origin lone trader accused of triggering the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares in minutes has failed in a bid to delay his extradition to America.
'Flash crash' trader extradition hearing to go ahead  Press Examiner
'Flash Crash' Trader Navinder Sarao Denied Extradition Delay  Wall Street Journal