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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.
The Diverging Emerging Economies  Forbes
European stocks fall at close  The Australian
The Guardian  
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 Five-Year US Streak May End on Calendar Quirk  Bloomberg
Massive Gas Find a Boon for Egypt, Salve for Energy Crisis
The discovery of a huge natural gas field off the Egyptian coast is a major boon for the country that will help alleviate energy shortages and boost the economy, experts said Monday.
RPT-Egypt's Zohr gas re-writes Israel's happy ending  Reuters
Israeli gas companies hit by Egypt find  Financial Times
Mass. gas prices drop six cents a gallon
Local gas prices. Weekly gas prices in Massachusetts, for regular, unleaded, self-serve gasoline. 2011 2012 2013 2014 2015 $0.00 $1.00 $2.00 $3.00 $4.00.
Massachusetts Gas Prices Continue Freefall  CBS Local
Price of gas falls to $2.38 per gallon in Rhode Island  seattlepi.com
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
Chinese journalist makes on-air 'confession' for stock market chaos  Mashable
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 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 amid falling oil prices  USA TODAY
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
Alcatel-Lucent chief Michel Combes defends EUR 14 mn payout
PARIS: The head of telecoms equipment maker Alcatel-Lucent rejected government pressure today to renounce bonuses which could see him receive around 14 million euros ($15.7 million) as part of its buyout by rival Nokia.
Altice Names Alcatel-Lucent's Combes COO, Numericable Chairman  Bloomberg
Altice names Combes group COO, Numericable-SFR chairman  Reuters Canada
China fears leading to volatile global markets
A bank clerk counts renminbi banknotes last week at a bank branch in Huaibei in central China's Anhui province. A series of questionable decisions have increased doubts globally about Beijing's economic stewardship.
Opinion: Beijing's incompetence is now China's biggest problem  MarketWatch
China eases housing investment rules again to boost economy  Reuters