U.S. consumer sentiment was largely steady in the first half of August, despite a continued rise in new COVID-19 cases and the expiration of a US$600 weekly unemployment benefit supplement.
The U.S. economy will expand at a much faster rate in the current quarter than previously expected, but the outlook looks weaker for growth and job creation in the fourth quarter and beyond, according to a Philadelphia Federal Reserve survey released on Friday.
U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production.
The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp , said on Friday it has joined over a dozen trade groups to form a coalition to fight counterfeit goods on online platforms such as Amazon.com Inc .
Futures linked to the S&P 500 and Dow dipped on Friday as data showed domestic retail sales growth slowed more than expected in July, adding to worries about a wobbly post-pandemic economic recovery in the absence of a new U.S. fiscal stimulus bill.
U.S. worker productivity increased at its fastest pace in 11 years in second quarter as hours plunged amid the COVID-19 pandemic, leading to an acceleration in labor costs.
Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding , has made a preparatory filing with China's securities regulator for its planned blockbuster initial public offering.
WASHINGTON: U.S. retail sales in July increased less than expected and could slow further in the months because of spiraling new COVID-19 infections and a reduction in unemployment benefit checks. Retail sales rose 1.2per cent last month after advancing 8.4per cent in June, the Commerce Department ...
E-commerce conglomerate Alibaba , handset maker Xiaomi and WuXi Biologics will enter Hong Kong's Hang Seng Index next month, the benchmark's publisher announced on Friday evening.
Walmart's e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two Indian cities, according to government letters seen by Reuters, months after Amazon planned a similar foray.
