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.
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.
AUSTIN, Texas (AP) - Whole Foods reported quarterly sales that fell shy of Wall Street expectations and lowered its outlook for the year, raising worries about the intensifying competition the organic and natural products grocer is facing.
Snapchat, the pioneer of self-destructing instant messages, has held talks about selling a stake to Chinese internet group Alibaba as part of a funding round that could value it at more than $10bn, according to people familiar with the discussions.
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Twitter shares rally a day after results.