Forex News
U.S. Business Inventories Jump More Than Expected In May
Business inventories in the U.S. increased by more than expected in the month of May, according to a report released by the Commerce Department on Friday. The report showed business inventories shot up by 1.4 percent in May after surging by an upwardly revised 1.3 percent in April.
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684 days ago
U.S. Consumer Sentiment Unexpectedly Shows Modest Improvement In July
Preliminary data released by the University of Michigan on Friday unexpectedly showed a modest improvement in U.S. consumer sentiment in the month of July. The report showed the consumer sentiment index inched up to 51.1 in July from a record low 50.0 in June. The uptick surprised economists, who had expected the index to edge down to 49.9.
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684 days ago
U.S. Dollar Lower As Odds Of Huge Fed Rate Hike Lessens
The U.S. dollar depreciated against its major counterparts in the European session on Friday, as two of the Federal Reserve's most hawkish policymakers played down the possibility of a super-sized 100 basis point rate hike this month.
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684 days ago
U.S. Industrial Production Unexpectedly Edges Lower In June
Industrial production in the U.S. unexpectedly edged modestly lower in the month of June, according to a report released by the Federal Reserve on Friday. The report showed industrial production slipped by 0.2 percent in June after revised data showed production was unchanged in May.
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684 days ago
New York Manufacturing Index Unexpectedly Indicates Growth In July
A report released by the Federal Reserve Bank of New York on Friday unexpectedly showed growth in regional manufacturing activity in the month of July. The New York Fed said its general business conditions index jumped to a positive 11.1 in July from a negative 1.2 in June, with a positive reading indicating growth in regional manufacturing activity.
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684 days ago
Uber Faces Litigation For Sexual Misconduct By Drivers
Uber Technologies has been sued in a class action suit by about 550 women in multiple states across the U.S. who alleged sexual assault by drivers on the ride-hailing service. The lawsuit was filed over a month after Uber disclosed in its second U.S. Safety Report that 998 sexual assault incidents occurred in Uber vehicles in 2020 alone, including 141 rape reports.
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684 days ago
U.S. Import Prices Show Modest Increase In June
With a continued surge in prices for fuel imports partly offset by a decrease in prices for non-fuel imports, the Labor Department released a report on Friday showing U.S. import prices crept up by much less than expected in the month of June.
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684 days ago
more news
U.S. Retail Sales Jump 1.0% In June, More Than Expected
Retail sales in the U.S. jumped by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said retail sales shot up by 1.0 percent in June after edging down by a revised 0.1 percent in May.
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684 days ago
State Street Q2 Profit Declines 2%
State Street Corp. (STT) reported Friday that net income for the second quarter decreased 2 percent to $747 million from $763 million from last year, with earnings per share declining 8 percent to $1.91 from last year's $2.07.
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684 days ago
Progressive Corp. Slips To Q2 Loss
Progressive Corp. (PGR) reported Friday that a net loss attributable to the company for the second quarter of $542.9 million or $0.94 per share, compared to net income of $790.1 million or $1.34 in the prior-year quarter.
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684 days ago
New York Manufacturing Unexpectedly Turns Positive In July
A report released by the Federal Reserve Bank of New York on Friday unexpectedly showed growth in regional manufacturing activity in the month of July.
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684 days ago
U.S. Import Prices Inch Up Much Less Than Expected In June
With a continued surge in prices for fuel imports partly offset by a decrease in prices for non-fuel imports, the Labor Department released a report on Friday showing U.S. import prices crept up by much less than expected in the month of June.
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684 days ago
Bay Street Seen Opening Higher
Canadian shares are likely to open higher Friday morning, tracking higher crude oil prices and firm European stocks.
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684 days ago
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