In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
Amazon's PillPack was informed this week that it will soon be cut off from patient medication data, according to people familiar with the matter.Technologyread more
An Israeli cybersecurity company has reportedly developed spyware that can scrape data from the servers of Apple, Google, Facebook, Amazon and Microsoft products.Technologyread more
House Speaker Nancy Pelosi is rejecting the White House's most recent debt ceiling proposal, Bloomberg reports.Marketsread more
The country's Revolutionary Guards say they will soon releasePoliticsread more
The U.S. stock market should move higher from near-record current levels, says the co-founder of the world's largest money manager.Marketsread more
U.S. business inventories rose steadily in May and sales recorded their biggest increase in eight months, government data showed on Monday.
The Commerce Department said business inventories increased 0.4 percent after an unrevised 0.3 percent gain in April. May's rise in inventories, which are a key component of gross domestic product, was in line with economists' expectations.
Retail inventories increased 0.4 percent in May as reported in an advance estimate published last month. Retail inventories rose 0.4 percent in April.
Motor vehicle inventories increased 0.9 percent in May and not 1.0 percent as reported last month. Auto inventories rose 0.8 percent in April.
Retail inventories excluding autos, which go into the calculation of GDP, edged up 0.1 percent in May as reported last month. They gained 0.2 percent in April.
Inventory investment was neutral to first-quarter economic growth. Economists expect a modest contribution from inventory accumulation to second-quarter growth.
Business sales jumped 1.4 percent in May, the biggest gain since September 2017, after increasing 0.6 percent in April.
At May's sales pace, it would take 1.34 months for businesses to clear shelves. That was the smallest inventories/sales ratio since December 2014 and was down from 1.35 months in April.