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In October, US citizens increased their incomes by 0.5% compared to September, when their growth was at the level of 0.2%, the country's Department of Commerce reported. At the same time, their expenses showed the strongest growth since March, having increased by 0.6% versus the previous month. According to experts, the expected growth of both indicators was by 0.4%. For the month, the PCE Core index increased by 0.1%, for the year its growth was 1.8%. American spending during the Christmas holidays is expected to show growth due to tax cuts and higher incomes. The increase in real disposable incomes of US citizens was 0.3%, which is higher than growth by 0.1% in September. Salaries and wages rose in October by 0.2%.
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 ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
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