Confusion refuses to die down in Europe even after crucial deadlines were missed and hapless Greeks stare into an uncertain future for their country, while other Europeans try to preserve the sanctity of the union and the euro.
After reporting a sharp increase in U.S. construction spending in the previous month, the Commerce Department released a report on Wednesday showing that construction spending saw further upside in the month of May.
Indicating a modest acceleration in the pace of growth in the U.S. manufacturing sector, the Institute for Supply Management released a report on Wednesday showing that its manufacturing index rose by slightly more than expected in June.
Private sector employment in the U.S. increased by more than expected in the month of June, according to a report released by payroll processor ADP on Wednesday. ADP said employment in the private sector jumped by 237,000 jobs in June.
Private sector employment in the U.S. increased by more than expected in the month of June, according to a report released by payroll processor ADP on Wednesday.
After reporting a modest improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that its consumer confidence index increased by much more than expected in June.
While MNI Indicators released a report on Tuesday showing a notable increase by its Chicago business barometer in the month of June, the index continued to point to a contraction in regional business activity.
Home prices in major U.S. metropolitan areas unexpectedly grew at a slower annual rate in the month of April, according to a report released by Standard & Poor's on Tuesday. The report said the 20-City Composite Home Price Index rose 4.9 percent year-over-year in April.
After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales saw further upside in May.
A September rate hike is "very much in play," according to William C. Dudley, president of the Federal Reserve Bank of New York.
"If the data continue to evolve in the way they have, I think September is very much in play," Dudley said in an interview with the Financial Times published Sunday.
The Greek Parliament early Sunday approved a referendum to be held on July 5 on the bailout terms demanded by a consortium of international creditors, with about 179 members voting in its favor.
The move was heavily criticized by eurozone members while rejecting Athens request to extend the deadline...
Greece has stunned European policymakers with its surprising call for a referendum next weekend on the terms of the bailout extension put forward by its European creditors even as the EUR 245 billion bailout is scheduled to expire on Tuesday. Greek Prime Minister Alexis Tsipras took the decision after an emergency meeting he held with his cabinet on Friday night.
Consumer sentiment in the U.S. has improved by even more than previously estimated in the month of June, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for June was upwardly revised to 96.1 from the mid-month reading of 94.6.
Thursday's Eurogroup meeting in Brussels to discuss deal proposals for Greece has ended and euro area finance ministers are set to hold their next session on Saturday, reports said. Eurogroup Chief Jeroen Dijsselbloem said the "door is still open" for Greece.
Personal spending in the U.S. rose by more than expected in the month of May, the Commerce Department revealed in a report on Thursday, with spending seeing its strongest growth in nearly six years. The Commerce Department said personal spending jumped by 0.9 percent in May.