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U.S. markets news

U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
US GDP Grew at a Disappointing 1.2% in 2nd Quarter  Wall Street Journal
Economy|US Economy Grew at 1.2% Rate in Second Quarter  New York Times
Washington Post  
US Employment Costs Up 0.6% in Second Quarter
WASHINGTON—Employers' personnel costs rose modestly during the spring, the latest reminder of slow income growth during the recovery.
US labor costs increase 0.6 percent in the second quarter  Reuters
Employment costs climb 0.6% in second quarter  MarketWatch
NextEra Agrees to Buy Oncor in Deal Valued at $18.4 Billion
NextEra Energy Inc. agreed to buy Energy Future Holdings Corp.'s Oncor Electric Delivery Co. LLC, adding the largest electric transmission operator in Texas in a deal valued at about $18.4 billion.
NextEra Energy Resources agrees to sell Pennsylvania gas generating assets ...  PR Newswire (press release)
Oncor to be bought by Florida-based Next Era for $18.4 billion  Dallas Morning News
Amazon Beats 2Q Earnings Estimates Courtesy AWS
second-quarter EPS of 1.78 was way ahead of the Zacks Consensus Estimate of $1.14. The North America and AWS segments were strong contributors to profits while investments in international continued.
5 Takeaways From Amazon Most Profitable Quarter Yet  Fortune
Amazon.com, Inc. Earnings: It's All About Web Services  Motley Fool
Kuroda Leads BOJ to a Policy Crossroads as Pressures Intensify
After more than three years of pumping out wave after wave of cheap money that's failed to secure its inflation target, the Bank of Japan has signaled a rethink.
BOJ eases policy by doubling ETF buying, underwhelms expectations  Reuters
Bank of Japan Easing Action Disappoints  Fox Business
Weekly jobless claims increase in week ended July 23
The number of Americans who filed for unemployment benefits last week rose from a three-month low, consistent with the Federal Reserve's view of a stronger job market.
Consumers seen powering US economic growth in second quarter  CNBC
Metro jobless rate jumps with season  Atlanta Journal Constitution
ExxonMobil earnings badly miss expectations as profits sink 59%
ExxonMobil reported reported its quarterly profit fell nearly 60 percent from a year ago as commodity prices remained low and its refining margins were weak.
Exxon Misses Profit, Output Estimates as Oil Glut Spreads  Bloomberg
Exxon Profit and Revenue Slide Again  Wall Street Journal
Google Profits Surge on Strong Ad Demand
Google parent Alphabet Inc. GOOGL 0.51 % said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers' rapid shift to mobile devices.
Google's parent company will work with more auto makers on self-driving cars  PCWorld
Alphabet Earnings And Revenues Beat On Solid Execution  Nasdaq
China finally made ride-hailing legal, in a way that could destroy Uber's ...
Ride-hailing companies like Uber have finally become legal in China after attracting billions of dollars in investments and staging a battle to dominate the Chinese market.
China confirms legal status of ride-hailing industry  Business Insider
In a boost for Uber, China legalizes ride-hailing services  Los Angeles Times
UPS earnings in line and revenues beat; helped by technology upgrades
United Parcel Service reported quarterly earnings that were in line with analysts' expectations, and revenues that beat estimates on Friday, helped by new technologies that boosted productivity.
Revenue growth lifts UPS profit, confirms 2016 outlook  Reuters
UPS Profits Rise on Higher Shipments  Wall Street Journal