US business inventories increase slightly above expectations in May

WASHINGTON - U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see inventory investment contributing to economic growth in the second quarter.

Retail inventories increased 0.6% in May instead of 0.7% as estimated in an advance report published last month. They rose 0.8% in April. Motor vehicle inventories advanced 2.0% as previously reported. They increased 1.9% in April. Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'

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Jobs, inflation data may break the US Treasury market out of narrow rangeA series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a...
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