US business inventories increase slightly above expectations in May

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Retail Inventories News

Inventory Investment,Commerce Department

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...

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'

These TSX socks have the potential to deliver above-average returns. Plus, some of these companies also pay dividends. The post My Top 5 TSX Stocks to Buy Right Now for Massive Returns in a Decade appeared first on The Motley Fool Canada.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »