Consumer Sentiment Rose 0.7% to 72.3 in May
Ann Arbor, MI, May 29, 2020-Consumer sentiment rose 0.7% in May to 72.3, according to final results from the University of Michigan Survey of Consumers.
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Personal Income Rose, Spending Declined in April
Washington, DC, May 29, 2020--Personal income increased $1.97 trillion (10.5%) in April, according to estimates released by the Bureau of Economic Analysis.
Stifel Offers Insight On Lumber Liquidators' Q1 Earnings Release
St. Louis, MO, May 29, 2020—Stifel offered the following analysis following Lumber Liquidators’ (LL) Q1 2020 earnings release,
Schönox Adds Dates to Online Education Offering
Florence, AL, May 29, 2020— Schönox added dates to its online learning offering.
Huali Floors to Establish U.S. Footprint in Chatsworth, Georgia
Chattanooga, TN, May 27, 2020-Chinese firm Huali Floors will establish its U.S. headquarters and a manufacturing facility in Murray County, Georgia.
LL Reports Increased Sales & Earnings in Q1, Charles Tyson Named CEO
Richmond, VA, May 28, 2020— Lumber Liquidators reported a net sales increase in Q1 2020 of 0.4% YOY.
GDP Revised Down to a 5% Decrease for Q1
Washington, DC, May 28, 2020—Real gross domestic product (GDP) decreased at an annual rate of 5.0% in the first quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.
Pending Home Sales Slid 21.8% in April
Washington, DC, May 28, 2020—The Pending Home Sales Index fell 21.8% to 69.0 in April, according to the National Association of Realtors.
Durable Goods Orders Decreased 17.2% in April
Washington, DC, May 28, 2020—New orders for manufactured durable goods in April decreased $35.4 billion or 17.2% to $170.0 billion, the U.S. Census Bureau announced.
2.1 Million Americans Filed for Unemployment Last Week
Washington, DC, May 28, 2020—In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week's revised level, according to the U.S. Census Bureau.