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U.S. markets news

Wage Growth Weak Despite Tightening Jobs Market
Stagnant wage growth remains the fly in the ointment amid a strengthening U.S. labor market that has seen robust job creation and an unemployment rate that has fallen to its lowest level in seven years.
Wage growth slows sharply in second quarter  USA TODAY
Fed's trillions haven't helped worker paychecks  CNBC
Newsday  
Wall St. higher amid wage growth data, earnings
Wall Street rose in early afternoon trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S.
Exxon Mobil and Chevron Report Worst Quarterly Results of Current Decade  New York Times
Chevron's Profit Plunges on Impairments  Wall Street Journal
FedEx, TNT Express say combination on track despite EU probe
AMSTERDAM, July 31 Logistics companies FedEx and TNT Express said they were still on track to complete their proposed combination in the first half of 2016, despite the European Commission's announcement of an in-depth competition review of the deal ...
EU Opens Investigation Into FedEx's Acquisition of TNT Express  Wall Street Journal
FedEx Bid for TNT Faces In-Depth Probe as EU Raises Concerns  Bloomberg
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 ...
Don't Panic About the New U.S. Wage Data Just Yet  Bloomberg
Yields tumble after soggy employment cost data  CNBC
UPS bolsters full-truckload business with $1.8 billion deal
United Parcel Service Inc (UPS.N) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.
UPS to Buy Coyote Logistics for $1.8 Billion  New York Times
UPS Buying Coyote Logistics for $1.8 Billion  ABC News
Uber will spend $1 billion to grow presence in India
On-demand transportation company Uber will spend $1 billion over the next nine months in India to expand its presence in one of its biggest global markets, the San Francisco company announced Friday.
Uber invests $1 billion in Indian market  CNNMoney
Uber to invest $1 billion in the next six to nine months  Hindu Business Line
China stocks look set for biggest monthly loss in six years
China stocks fell on Friday and looked set to suffer their biggest monthly loss in nearly six years even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy.
How China's Stock Market Volatility Undermines the Communist Party's ...  Huffington Post
China's stock market just had its worst month in six years  Quartz
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.
Consumers sentiment pulls back in July, but still 'elevated'  MarketWatch
Consumer sentiment in US declines on weaker expectations  THE BUSINESS TIMES
Cruise operator Royal Caribbean enjoys plain sailing
Royal Caribbean shares set sail after the cruise operator lifted its full-year sales forecast, noting strength in the Caribbean and China.
Royal Caribbean's profit rises 34 percent  Reuters
Royal Caribbean Reports Second Quarter Results And Updates 2015 Guidance  MarketWatch
Sharp to Explore Options for LCD Panel Business
TOKYO—Sharp Corp. said it would seek external help to prop up its LCD panel-making business and plans to quit selling televisions in the U.S.
Sharp abandons TVs in the US, hands keys to China's Hisense  Engadget
UPDATE 2-Japan's Sharp to exit Americas TV market after deep Q1 loss  Reuters