US business inventories rebound as sales fall

U.S. business inventories rebounded in May as sales recorded their biggest drop in 10 months, government data showed on Friday. The Commerce Department said business inventories increased 0.3 percent after an unrevised 0.2 percent decrease in April. Sales fell 0.2...

Consumer sentiment ticks down to 93.1 in early July survey

Confidence in future economic prospects continued slipping into early July, the University of Michigan reported Friday. U.S. consumer sentiment fell to 93.1 in a preliminary survey. Economists expected consumer sentiment to hit 95 in July, according to Thomson Reuters...