Inventories at U.S. businesses rose in June at a faster pace, propelled by a surge at retailers that indicates companies may need to cut prices to clear out merchandise as demand slows.
Posts in category Financial Markets
Index of U.S. Leading Economic Indicators Rose 0.1% in July
The index of U.S. leading indicators rose in July for the second time in four months, extending a see-saw pattern that indicates slower growth through the end of the year. READ MORE »
Home Sales Probably Plunged and Goods Orders Rose as U.S. Recovery Slowed
Home sales probably plunged in July, and orders for long-lasting goods climbed for the first time in three months as the U.S. strained to sustain the recovery from the worst recession since the 1930s, economists said before reports this week. READ MORE »
Yen Rises to Seven-Week High Versus Euro on Outlook for Economic Slowdown
The yen rose to a seven-week high against the euro as signs the global economy is slowing boosted demand for Japan’s currency as a refuge. READ MORE »