The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevated
Category: Business
Big US banks expected to be cautious on shareholder payouts
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
Read More Big US banks expected to be cautious on shareholder payouts
Debt ceiling standoff could trigger US rating downgrade, TD’s Goldberg says
A potential debt ceiling standoff in the United States next year could be one of the worst since the 2011 crisis.
Read More Debt ceiling standoff could trigger US rating downgrade, TD’s Goldberg says
S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Read More S&P 500 notches record high as Nvidia rally continues
GE Aerospace developing hybrid engines for single-aisle jets
GE Aerospace is developing a hybrid electric engine in hopes it will power next-generation narrow-body jets by the middle of the next decade.
Read More GE Aerospace developing hybrid engines for single-aisle jets
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May