USD News

Reflecting a softening in consumers' assessment of current conditions, the Conference Board released a report on Tuesday showing U.S. consumer confidence unexpectedly declined for a fourth consecutive month in November. The Conference Board said its consumer confidence index fell to 125.5 in November from an upwardly revised 126.1 in October.

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With revised data showing U.S. new home sales spiked in September compared to the previously reported decrease, the Commerce Department released a report on Tuesday showing new home sales pulled back in the month of October. The Commerce Department said new home sales fell by 0.7 percent to an annual rate of 733,000 in October.

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Expected to be finalized in late 2020, the merger between two of the largest U.S. brokerage houses will create a mammoth company that will be in the position to challenge major financial rivals.

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Pointing to continued weakness in the U.S. manufacturing sector, the Institute for Supply Management released a report on Monday showing manufacturing activity contracted for the fourth straight month in November.

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Primarily reflecting a notable decrease in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of October. The Commerce Department said the trade deficit narrowed to $47.2 billion in October from a revised $51.1 billion in September.

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A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly more than anticipated in the month of November. The Labor Department said its consumer price index rose by 0.3 percent in November after climbing by 0.4 percent in October. Economists had expected prices to edge up by 0.2 percent.

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Reflecting a bounceback in motor vehicle and parts output following the end of the strike at General Motors (GM), the Federal Reserve released a report on Tuesday showing U.S. industrial production rebounded by more than expected in the month of November. The report said industrial production jumped by 1.1 percent in November after tumbling by a revised 0.9 percent in October.

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New residential construction in the U.S. soared by more than expected in the month of November, according to a report released by the Commerce Department on Tuesday. The report said housing starts surged up by 3.2 percent to an annual rate of 1.365 million in November after spiking by 4.5 percent to a revised 1.323 million in October.

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The Securities and Exchange Commission (SEC) in the U.S. has charged Eran Eyal, founder of UnitedData, for conducting a fraudulent initial coin offering (ICO), which has scammed investors of some 42 million USD with unregistered securities.

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With strength in residential construction, financial markets, and consumers' outlook offsetting weakness in manufacturing and labor markets, the Conference Board released a report on Thursday showing its reading on leading U.S. economic indicators came in unchanged in November.

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