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U.S. markets news

Wall Street ends lower as weak oil weighs
Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S.
Exxon and Chevron Report Worst Quarterly Results of Current Decade  New York Times
Exxon Mobil's Q2 income falls 52% due to low oil prices  USA TODAY
MarketWatch  
Federal bankers: No account for Colo. cannabis credit union
DENVER - A Colorado-based credit union created to serve country's fast-growing legal marijuana industry sued banking regulators on Thursday after being denied access to the nation's electronic banking system.
Pot Industry's Bank Bid Rejected by Federal Regulators  New York Times
Denver marijuana-centric credit union sues for federal insurance  Denver Business Journal (blog)
Smallest U.S. Wage Increase on Record Muddies Pay Picture
Signs of a nascent pickup in U.S. worker pay proved fleeting as wages and salaries climbed in the second quarter at the slowest pace on record.
Wage growth slows sharply in second quarter  USA TODAY
US employment costs post smallest gain on record in Q2  Reuters
Stock Trading Resumes in Athens on Monday After Five-Week Exchange Closure
Trading in Greek stocks will resume Monday, ending a five-week closure of the country's main stock exchange, but strategists say it could take months before investors' confidence in Greek assets is restored.
Greek stock market says all shares to trade on Monday  Reuters
Greek share, bond markets to reopen in limited trading on Monday  Sydney Morning Herald
Uber targets 1 million trips per day in India in 6 to 9 months
Taxi hailing service Uber expects to hit over 1 million trips per day in next six to nine months. It has registered a 40% growth month-on-month in India.
Uber will spend $1 billion to grow presence in India  Los Angeles Times
Uber given new taxi licence despite hostility  BBC News
Uber valuation jumps to $51B
NEW YORK - Ride-hailing company Uber just completed a round of funding that values them at a whopping $51 billion - or more than four times the value of rental car companies Hertz and Avis combined.
Uber valued at about $51 bln after latest funding round: WSJ  Reuters
Uber Valued at More Than $50 Billion  Wall Street Journal
China's bubble popping not over yet: Strategist
July marked another painful month for Chinese stocks, with the country's Shanghai Composite Index slipping about 15 percent to post its worst monthly loss in six years.
China stocks look set for biggest monthly loss in six years  The Globe and Mail
China stocks slide ahead of July purchasing managers' index report  The Australian Financial Review
US oil and natural gas rig count declines by 2 to 874
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.
Oil rig count continues climb, but pace slows  Chron.com (blog)
US Oil-Rig Count Increases to 664  Wall Street Journal
Greece, Europeans must reach deeper deal before IMF program possible
WASHINGTON The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
Greece's Tsipras Called for Euro-Exit Contingency Plan  Wall Street Journal
Greece news live: as it happened - July 31  Telegraph.co.uk
Oil Prices Fall to Multi-Month Lows as US Rig Count Rises
Oil prices fell to new multi-month lows Friday as data showed U.S. producers put more drilling rigs to work despite a lingering world-wide glut.
Oil posts worst decline in 2015 as rig count rise  MarketWatch
UPDATE 10-Oil drops for 5th week; US crude in biggest monthly fall since 2008  Reuters