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Consumer confidence in the United States, according to the University of Michigan, fell to 90.7 points in January 2019. In December, the value of the index was 98.3 points; this month, experts expected a decrease to 96.8 points. US consumer confidence dropped to 2016 low. The attitude of American citizens to the financial situation also deteriorated to a figure of 110 points from 116.1 points in the previous month. The consumer expectations index fell from 87 to 78.3 points. Inflation expectations for the current year remained at the level of 2018 and amounted to 2.7%. The long-term results turned out to be worse than the indicator of 2018 - 2.6% versus 2.5%. The loss of American consumer confidence is associated with a slowdown in economic growth, the introduction of trade duties, and a lack of a clear monetary policy course.
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 ...
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 ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
Alphabet Inc.’s Google (GOOGL) said on Monday that it would not use Fitbit Inc.’s (FIT) health data to target advertisements in an attempt to address the European Union’s antitrust concerns about its proposed acquisition ...
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