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Soft Inflation Data, Retail Sales Pull Down U.S. Dollar
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
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496 дней спустя
U.S. Business Inventories Edge Down In Line With Estimates In March
The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates.
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496 дней спустя
U.S. Homebuilder Confidence Unexpectedly Slumps In May
With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to come in unchanged.
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496 дней спустя
New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative reading indicating contraction.
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496 дней спустя
U.S. Retail Sales Unexpectedly Flat In April Amid Decrease In Auto Sales
With a decrease in sales by motor vehicle and parts dealers offsetting increases in sales by other retailers, the Commerce Department released a report on Wednesday showing U.S. retail sales unexpectedly came in flat in the month of April. The Commerce Department said retail sales were virtually unchanged in April after climbing by a downwardly revised 0.6 percent in March.
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496 дней спустя
U.S. Consumer Prices Rise 0.3% In April, Slightly Less Than Expected
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose by slightly less than expected in the month of April. The Labor Department said its consumer price index increased by 0.3 percent in April after rising by 0.4 percent in March. Economists had expected consumer prices to climb by another 0.4 percent.
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496 дней спустя
Uber Eats Partners Blitz Motors In London For Sustainable Food Delivery
Food delivery platform Uber Eats announced Wednesday a partnership with Blitz Motors, a smart electric moped supplier, to revolutionize last-mile delivery services in London and accelerate its commitment to sustainability and transformation.
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496 дней спустя
more news
New York Manufacturing Index Unexpectedly Edges Lower In May
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May.
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496 дней спустя
Ultra Clean Holdings Appoints Harjinder Bajwa As COO
Ultra Clean Holdings Inc. (UCTT) announced Wednesday that it has appointed Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024. Bajwa will be based in Singapore.
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496 дней спустя
U.S. Retail Sales Unexpectedly Unchanged In April
Retail sales in the U.S. unexpectedly came in flat in the month of April, according to a report released by the Commerce Department on Wednesday.
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496 дней спустя
U.S. Consumer Prices Rise Slightly Less Than Expected In April
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose by slightly less than expected in the month of April.
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496 дней спустя
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to turn in a mixed performance again with investors reacting to U.S. inflation data and a slew of corporate earnings announcements. Materials shares may move higher, tracking firm metal prices.
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496 дней спустя
EU Projects Eurozone To Log Gradual Growth, Inflation On Track To Target
The European Commission projected the euro area economy to stage a gradual growth amid geopolitical risks and expects inflation to be on the track to hit the target. In the latest Spring economic forecast, released Wednesday, the commission said the single currency bloc will grow 0.8 percent this year, same as the Winter interim forecast.
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496 дней спустя
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