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U.S. markets news

Wall Street mixed; weak results drag on energy stocks
Wall Street was mixed on Friday as a drop in energy companies' stocks was offset by expectations the U.S. Federal Reserve may delay an interest-rate hike this year following weak wage data.
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
CBS News  
US wage growth brakes in second-quarter; consumer sentiment slips
WASHINGTON U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor ...
Wage growth slows sharply in second quarter  USA TODAY
Fed's trillions haven't helped worker paychecks  CNBC
Greek stock market says all shares to trade on Monday
ATHENS Foreign investors will not face restrictions on operations when trade resumes at Greece's stock exchange on Monday following a five-week shutdown caused by capital controls, a stock exchange spokeswoman said.
If Greek trades in US are any guide, Athens bourse may have rocky re-start  The Globe and Mail
Stock Trading Resumes in Athens on Monday After Five-Week Exchange Closure  Wall Street Journal
Uber Valued at More Than $50 Billion
Uber Technologies Inc. has closed a new round of funding valuing the five-year-old ride-hailing company at close to $51 billion, according to people familiar with the matter, equaling Facebook Inc. FB -1.07 % 's record for a private venture-backed startup.
Uber valued at about $51 billion after latest funding round: WSJ  Reuters
Uber Just Beat Facebook's $50 Billion Record  TIME
Chevron's Q2 earnings plummet on weak energy market and charges
Chevron's second quarter earnings plummeted to $571 million from $5.7 billion a year ago as the global oil glut and sinking prices hampered operations and triggered charges that hurt the bottom line.
Chevron pumps more West Texas oil as profits slide (blog)
Chevron posts 2Q profit of $571 million, result misses forecasts  Fox Business
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
Echoes of 1989 are bad news not just for China's markets but the world
China faces a crucial choice between the competing priorities of political control and economic liberalisation. This summer the first tremors have already been felt.
China stocks look set for biggest monthly loss in six years  The Globe and Mail
Emergency measures fail to halt China's stock market nosedive  The Guardian
How Coyote Logistics Went From Startup to $1.8 Billion UPS Takeover Target in ...
Jeff Silver sold his first freight startup for $136 million nearly 15 years ago. His next company, Coyote Logistics LLC, went for more than 10 times that amount, to United Parcel Service Inc. UPS 1.13 % in a deal announced Friday.
UPS bolsters full-truckload business with $1.8 billion deal  Reuters
UPS to Buy Coyote Logistics for $1.8 Billion  New York Times
University of Michigan: Consumer Sentiment Dips in July
U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday. Michigan's index of consumer sentiment fell to 93.1 in July from 96.1 the previous month.
Consumer sentiment declines on weaker expectations  Chicago Tribune
US consumer sentiment slips in July  Herald Sun
Honda profit, sales up despite airbag recall
Japanese automaker Honda posted a 20% increase in global profit for the quarter ended June 30, as the weak yen and the strong U.S.
Honda's Hit SUV Just Saved Its Quarter  Bloomberg
Honda records 20% profit rise on yen, despite recalls