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The US Department of Commerce reported a maximum since the beginning of the year growth in incomes of American citizens, which in April was at the level of 0.5% compared to the March increase of 0.1%. Analysts had predicted revenue growth of 0.3%. Consumer spending, covering more than two-thirds of economic activity in the United States, increased by 0.3%, economists had expected a 0.2% increase. The figure has grown due to lower cost of services, including electricity and gas for homes. The index of consumer spending, which takes into account inflation, in April remained at the level of March, when it rose by 0.9%. The PCE Core index grew by 1.6% compared to April last year, accelerating the growth rate against the March increase by 1.5%. Compared with the previous month, the index rose by 0.2%. In March, it was recorded an increase of 0.1%.
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
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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