by Reuters | Aug 14, 2020 | Business, Economy, US
WASHINGTON (Reuters) – U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production. The Federal Reserve said on Friday manufacturing production rose 3.4% last month after advancing 7.4% in June. Economists polled by...
by Reuters | Aug 14, 2020 | Business, Economy, US
By Ambar Warrick and Medha Singh (Reuters) – Futures linked to the S&P 500 and Dow dipped on Friday as data showed domestic retail sales growth slowed more than expected in July, adding to worries about a wobbly post-pandemic economic recovery in the absence...
by Reuters | Aug 14, 2020 | Business, Economy, US
WASHINGTON (Reuters) – U.S. worker productivity increased at its fastest pace in 11 years in second quarter as hours plunged amid the COVID-19 pandemic, leading to an acceleration in labor costs. The Labor Department said on Friday nonfarm productivity, which...
by Reuters | Aug 14, 2020 | Business, Economy, Top News, US
WASHINGTON (Reuters) – U.S. retail sales in July increased less than expected and could slow further in the months because of spiraling new COVID-19 infections and a reduction in unemployment benefit checks. Retail sales rose 1.2% last month after advancing 8.4%...
by Reuters | Aug 14, 2020 | Asia, Business, Economy, Technology, US
By Kane Wu HONG KONG (Reuters) – Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding <BABA.N>, has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering. The group,...
by Reuters | Aug 14, 2020 | Asia, Business, Economy, Europe, Top News, US
By Tom Arnold LONDON (Reuters) – Global shares dipped on Friday as euro zone data offered little cheer for investors already worried about lacklustre Chinese economic numbers and a delay in U.S. fiscal stimulus. European shares were also dragged lower by a hit...
