Written by 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 tagged business
U.S. recovery slowdown a ‘concern’: Carney
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy. READ MORE »
AIG raising more cash to reimburse taxpayers
American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid. READ MORE »
Hard Money Lending to Hit $2-Trillion
Homeowners and business owners alike are borrowing money to keep their homes and commercial properties at high interest rates by the droves, sending hard money lenders busily searching for more cash to loan. READ MORE »
Yen Is Near Highest Since 2001 Against Euro on Slowing Growth
The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets. READ MORE »