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In January, the US population increased spending by 0.1% compared to December, the country's Department of Commerce reported. Economists had expected American spending to grow by 0.3%. A weak increase in the indicator in January is due to a decrease in sales of new cars in the country. As already reported, the incomes of US citizens in January showed an unexpected decrease of 0.1%. In February, household incomes increased by 0.2%. According to experts, they were supposed to increase by 0.3%. The PCE Core index, the dynamics of which are important for the Federal Reserve System in assessing inflation risks, rose by 0.1% in January against December, and it grew by 1.8% in annual terms. In January, there was a decrease in real disposable incomes of US citizens by 0.2% compared with the December figure. The savings rate was 7.5%, down from 7.7% a month earlier.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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