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U.S. markets news

Global stocks ease on China, Fed concerns; oil rallies
NEW YORK World stock indexes edged lower on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S.
Stocks start week in red on Fed uncertainty, China fears  USA TODAY
Surging oil caps stock-market slide  MarketWatch
Don't discount an autumn rate rise
Last week, it looked like markets had bullied the US Federal Reserve into delaying interest rate increases, but over the weekend one of the central bank's most senior and respected policymakers fought back.
At Jackson Hole, The Cranks Prevailed  Forbes
US STOCKS-Wall St pares some early losses as oil prices rally  Reuters
Fiat Chrysler CEO Marchionne expresses urge to merge with GM
Fiat Chrysler Automobiles CEO Sergio Marchionne said in an interview with Automotive News published on Monday that General Motors should stop ignoring the financial benefits of a merger of the two automotive giants.
UPDATE 1-Fiat Chrysler's Marchionne says "unconscionable" to ...  Reuters
Fiat Chrysler's Sales Streak Will Get Snapped in August
Egypt's Zohr gas re-writes Israel's happy ending
... * Egyptian finds leave Israeli gas stranded. * Israel energy stocks plunge. * Egypt's idle industrial capacity to return. By Ari Rabinovitch and Eric Knecht.
Massive Gas Find a Boon for Egypt, Salve for Energy Crisis  New York Times
Huge offshore gas field a blessing for Egypt at a key time, experts say  Fox Business
Oil Prices Rally Amid Lower US Output Estimates, OPEC Article
Oil prices turned higher Monday on speculation that oil-producing nations might be willing to agree to output cuts to shrink the global glut of crude oil.
UPDATE 10-Oil spikes on surprise cuts to US oil production  Reuters
OPEC Ready to Talk to Other Oil Nations to Achieve 'Fair' Price  Bloomberg
China cracksdown on market rumours with mass arrests
The Chinese authorities have taken unprecedented steps to silence criticism and calm markets in the wake of the “Black Monday” global markets crash, it emerged on Monday.
China state media announce confessions in stock market investigations  Reuters
China pins market plunge on financial journalist, airs 'confession'  Washington Post
How China's Consumption Matters
As the growth of China's economy continues to slow, many observers bemoan the fact there's been little progress on rebalancing.
Economic Growth Slows to 7%, Boosts Rate Cut Calls  NDTV
Can India Surpass China With 7.4% 2Q GDP Growth?  Barron's (blog)
Oil Jumps to One-Month High as OPEC Ready to Talk to Producers
Oil rose to a one-month high after OPEC said it's ready to talk to other producers to achieve 'fair prices' and the U.S.
Brent crude falls back below $49 as glut, China concerns weigh  The Globe and Mail
MarketsAnd oil takes off again: a chart  Financial Times
Syracuse area gas prices drop sharply
Syracuse, N.Y. - The price of gasoline in the Syracuse area fell 9 cents a gallon over the past week and is down 26 cents from a month ago.
Price of gas falls to $2.38 per gallon in Rhode Island  Sacramento Bee
Massachusetts gas prices continue freefall  Boston Herald
Minecraft Inventor Markus Persson: Being a Billionaire Is Lonely
GAME British Academy Video Games Awards - London Yui Mok—PA Wire/Press Association Images Swedish programmer and creator of Minecraft Markus Persson.
Minecraft billionaire complains about being rich  CNBC
The melancholy billionaire: Minecraft creator unhappy with his sudden wealth  CNNMoney