WASHINGTON: US factory output increased more than expected in July, boosted by a surge in motor vehicle production, though activity remained below its pre-COVID-19 pandemic peak. The Federal Reserve said on Friday that manufacturing production rose 3.4 per cent last month after advancing 7.4 per ...
U.S. business inventories declined again in June as sales continued to accelerate amid pent-up demand as establishments reopened after being shuttered to slow the spread of the novel coronavirus.
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 ...
