USD News

After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Thursday showing a slight pullback in factory orders in the month of August.

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Retail sales in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales fell by 0.3 percent in September after climbing by an upwardly revised 0.6 percent in August.

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Three men managed to squeeze out more than 100 million USD of gullible investors through three binary options websites in what appears to be one of the biggest binary options scams, the U.S. Securities and Exchange Commission (SEC) revealed.

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The Commerce Department released a report on Wednesday showing little change in U.S. business inventories in the month of August. The report said business inventories came in virtually unchanged in August after climbing by a revised 0.3 percent in July.

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After reporting an unexpected jump in existing home sales in the previous month, the National Association of Realtors released a report on Tuesday showing existing home sales pulled back by much more than anticipated in the month of September.

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A report released by the National Association of Realtors on Tuesday showed another significant increase in pending home sales in the U.S. in the month of September. NAR said its pending home sales surged up by 1.5 percent 108.7 in September after spiking by 1.4 percent to a revised 107.1 August.

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Consumer confidence in the U.S. unexpectedly edged lower in the month of October, according to a report released by the Conference Board on Tuesday, although the drop came from an upwardly revised level in the previous month. The Conference Board said its consumer confidence index dipped to 125.9 in October from an upwardly revised 126.3 in September.

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A report released by the Federal Reserve on Thursday showed U.S. consumer credit increased by much less than expected in the month of September. The Fed said consumer credit rose by $9.5 billion in September after jumping by $17.9 billion in August. Economists had expected consumer credit to climb by $15.0 billion.

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The Commodity Futures Trading Commission (CFTC) has start legal action against the California based Denari Capital, LLC, along with its owners Travis Capson and Arnab Sarkar for allegedly committing a 8.3 million USD foreign exchange fraud, soliciting funds from at least 28 victims.

According to the complaint filed with the U.S. District Court for the Northern District of California the scheme was run since at least 2012 and the funds were collected through a pooled investment scheme.

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A report released by the Commerce Department on Tuesday showed a substantial rebound in new residential construction in the month of October. The Commerce Department said housing starts surged up by 3.8 percent to an annual rate of 1.314 million in October after plunging by 7.9 percent to a revised rate of 1.266 million in September.

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