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Author Archives: Top News Editor

U.S. Wholesale Inventories Fall More Than Expected In April

Reflecting decrease in inventories of both durable and non-durable goods, the Commerce Department released a report on Friday showing a bigger than expected drop in U.S. wholesale inventories in the month of April. The Commerce Department said wholesale inventories fell ...

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Draghi Seeks Patience As ECB Tiptoes To Tapering

The European Central Bank has taken its very first step towards exiting its massive stimulus by omitting the mention of “lower levels” for interest rates in its forward guidance on Thursday, even as the bank chief Mario Draghi denied that ...

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U.S. Weekly Jobless Pull Back To 245,000

After reporting increases in first-time claims for U.S. unemployment benefits in the two previous weeks, the Labor Department released a report on Thursday showing a pullback in initial jobless claims in the week ended June 3rd. The report said initial ...

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