United States manufacturing sector witnessed expansion in June
Recent data released by the Institute for Supply Management revealed that the United States manufacturing sector expanded in June.
Incomes for bottom 99% of American families increase
According to data compiled by economist Emmanuel Saez, last year, incomes for the bottom 99% of American families increased 3.3% to $47,213, which is the biggest annual gain in the past 15 years.
Barnes & Noble witnesses Declining Sales for 4th Consecutive Quarter
Barnes & Noble Inc, the largest retail bookseller in the United States, has reported a decline in sales for fourth consecutive quarter.
Ikea Group to increase hourly minimum wage of workers
According to reports, Ikea Group is going to raise the hourly minimum wage paid by it to workers in the US by 10% to $11.87.
US Consumer Sentiment Index Rises to 94.6, Surpasses Analysts Forecast for June
The recovering US economy is clearly reflected in the University of Michigan's June index of consumer sentiment which recorded a significant rise to 94.6 as compared to the May statistics of 90.7.
May Witnesses Climbing Retail Sales, Signals Firming US Economy
The data released on Thursday signals a healthy May for US economy as the retail sales increased by 1.2% from the previous month.
McDonald’s reports 0.3% decline in global sales for May
McDonald’s reported decline in its same-store sales for the month of May. On Monday, the Oak Brook, Illinois-based company, said that its global comparable sales decreased 0.3% in the period.
US Manufacturing Sector Rebounds amid Soft Industrial Production and Consumer Spending
Results early in the second quarter hint towards stagnancy in the consumer demand for utilities.
