In August, the US consumer confidence index fell to 95.3 from 97.9 in July, the lowest since September 2017, preliminary data from the University of Michigan showed. Analysts had predicted growth to 98.5 points. The attitude of American consumers to the current financial situation deteriorated to 107.8 points from 114.4 points a month earlier. This is the most significant decline since August 2011. The indicator of consumer expectations for the next six months did not change, keeping the level at 87.3 points. The outlook in the midterm remained at 2.9%, and for the long term it was growing from 2.4% to 2.5%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...