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U.S. Consumer Sentiment Improves Much More Than Previously Estimated In August

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by much more than previously estimated in the month of August. The report showed the consumer sentiment index for August was upwardly revised to 58.2 from the previously reported 55.1. Economists had expected the index to be upwardly revised to 55.2.
RTTNews | 868 gün önce
Fed Chair Powell Warns Of 'Some Pain' From Higher Interest Rates

Fed Chair Powell Warns Of 'Some Pain' From Higher Interest Rates

In highly anticipated remarks at the Jackson Hole economic symposium on Friday, Federal Reserve Chair Jerome Powell acknowledged the central bank's efforts to combat inflation will cause "some pain" but argued a failure to restore price stability would mean "far greater pain."
RTTNews | 868 gün önce
U.S. Personal Income, Spending Edge Modestly Higher In July

U.S. Personal Income, Spending Edge Modestly Higher In July

The Commerce Department released a report on Friday showing U.S. personal income increased by much less than expected in the month of July. The report showed personal income edged up by 0.2 percent in July after climbing by an upwardly revised 0.7 percent in June.
RTTNews | 868 gün önce
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Bay Street Likely To Open On Cautious Note

Bay Street Likely To Open On Cautious Note

The Canadian market is likely to open on a cautious note with a slightly negative bias on Friday as investors await Fed Chair Jerome Powell's speech at the central bank's economic symposium in Jackson Hole.
RTTNews | 868 gün önce
JinkoSolar Slips To Loss In Q2

JinkoSolar Slips To Loss In Q2

JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.
RTTNews | 868 gün önce
Indian Shares Trim Early Gains Ahead Of Powell's Speech

Indian Shares Trim Early Gains Ahead Of Powell's Speech

Indian shares ended off their day's highs on Friday, as oil prices climbed on tight supply and investors awaited a speech by the Federal Reserve chair Jerome Powell at Jackson Hole Economic Symposium later in the day that is expected to offer clarity on the pace of future rate hikes.
RTTNews | 868 gün önce

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