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U.S. markets news

US Economy Grew at 2.3% Rate in 2nd Quarter
The American economy regained its footing last quarter, expanding at an annual rate of 2.3 percent amid a better trade picture, robust consumer spending and a healthy housing sector.
Consumer spending bolsters US second-quarter growth  Reuters
Economy bounces back: GDP grows 2.3% in second quarter  USA TODAY
Los Angeles Times  
US Jobless Claims Inch Up From Lowest Level Since 1973
WASHINGTON—The number of U.S. workers filing applications for jobless benefits last week rose from a four-decade low, but the broader trend suggests the labor market is strengthening.
US jobless claims increase, but still near cycle lows  Reuters
Applications for US Jobless Aid Rise to Still-Low 267000  New York Times
Greek Prime Minister Alexis Tsipras Calls for Syriza Party Vote to Address ...
ATHENS—Greek Prime Minister Alexis Tsipras on Thursday proposed a referendum within his left-leaning Syriza party, hoping to put to rest a growing split over whether to accept tough austerity measures that would be required in a new bailout deal ...
IMF cannot join Greek rescue, board told  Financial Times
Greek PM Tsipras seeks to quash rebellion with party vote  CBS News
Shell to cut 6500 jobs as cheap oil hurts profits
Royal Dutch Shell said Thursday it'll cut about 6,500 jobs and capital investment this year as it restructures and dumps some businesses to prepare for a "prolonged downturn" in oil prices.
Shell Posts Sharp Fall in Profit, to Cut 6500 Jobs  Wall Street Journal
Here's why oil giant Shell is slashing thousands of jobs  Fortune
Venezuela currency crisis hits P&G
Procter & Gamble's profit tumbled 80 per cent, the fourth consecutive quarter of declines, as it took a $2bn hit from Venezuela's currency crisis, which added to adverse foreign exchange rates elsewhere and restructuring charges that ate into earnings.
Procter & Gamble Gives a Muted Outlook  Wall Street Journal
Stocks drop as economy shows modest growth  USA TODAY
Whole Foods Sales Are Getting Hit By Bad Press About Overcharging
Whole Foods shares were tumbling into Thursday after the grocer reported a bevy of bad news in its quarterly earnings report. The company posted soft comparable store sales growth, admitting the bad press surrounding a recent overcharging scandal was ...
Whole Foods picks Bellevue Square for small, new '365' store concept  The Seattle Times
Whole Foods Needs Some Good News After Its Pricing Scandal. It's Still ...  Slate Magazine (blog)
Wall St. lower at the open after GDP data
U.S. stocks opened lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September.
Dollar and Treasury yields rise as US economy improves  Financial Times
Rates Market's Message to Currency Traders: Dollar Rally Is Back  Bloomberg
Boeing CEO: We're considering moving parts of company to other countries
Out-going Boeing CEO Jim McNerney delivered a bombshell recently, adding to the controversy over the Export Import Bank. (AP). Comments.
Businesses fume as Congress lets Export-Import Bank stay dead  Politico
The Boeing Company (NYSE:BA) Workers Showed Discontent at McNerney Job Prospects  Benchmark Monitor
US believes no structural issues in GDP data construction
WASHINGTON, July 30 The U.S. government believes there are no structural problems in the way it calculates gross domestic product estimates, though defense spending was found to have contributed to overstating third-quarter growth over the past three ...
The US economy: GDP is growing, but not going gangbusters  Quartz
Why the first quarter economic slump was revised away  Washington Examiner
Time Warner Cable misses on Q2 earnings, revenue
Time Warner Cable (TWC) missed Wall Street expectations on second-quarter earnings and revenue, as programming costs continued to rise and customers migrate from traditional pay-TV service.
Time Warner Cable Profit Falls, Despite Strong Subscriber Growth  Wall Street Journal
Time Warner Cable profit, revenue miss estimates  Reuters Canada