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US consumer sentiment deteriorates in August

WASHINGTON, Aug 14 (Reuters) - U.S. consumer sentiment slumped in early August amid worries about the rising cost of living because of the conflict in the Middle East, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index... Read More.

US business inventories unchanged in June

WASHINGTON, Aug 14 (Reuters) - U.S. business inventories were unchanged in June as an increase in stocks at wholesalers was offset by a decline at retailers, reflecting strong domestic demand in the second quarter. The flat reading in inventories followed a 0.4% rise in May,... Read More.

Reddit surges on S&P 500 inclusion, set to replace AvalonBay

Aug 14 (Reuters) - Shares of social media platform Reddit jumped more than 12% in premarket trading on Friday after S&P Dow Jones Indices said the company would join the benchmark S&P 500 index, replacing AvalonBay Communities. Analysts at J.P.Morgan estimate index funds tracking the... Read More.

Morning Bid: Stay of execution?

By Mike Dolan Aug 14 (Reuters) - Even though we're slipping inexorably into the summer holiday doldrums on world markets, bond anxiety was once again a theme of the early part of this week, threatening to spoil the party for stock markets basking in the... Read More.