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
Tag: Reuters
DOJ Prepares To File Lawsuit Against TikTok, Citing ‘Children’s Privacy Violations’
On behalf of the Federal Trade Commission (FTC), the U.S. Department of Justice is getting ready to bring a consumer protection lawsuit against ByteDance’s TikTok app later this year, Bloomberg News reported on Thursday.
Read More DOJ Prepares To File Lawsuit Against TikTok, Citing ‘Children’s Privacy Violations’
Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.
Read More Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
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
Exclusive: Boeing investigates quality problem on undelivered 787s, sources say
Boeing is investigating a new quality problem with its 787 Dreamliner after discovering that hundreds of fasteners have been incorrectly installed on the fuselages.
Read More Exclusive: Boeing investigates quality problem on undelivered 787s, sources say
US weekly jobless claims edge higher, Q1 labor costs revised lower
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower