US Business News

U.S. Businesses Continue Pullback on New-Equipment Purchases

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American businesses were pulling back on purchases of new equipment even before the U.K. vote to exit the European Union rocked global financial markets, a sign of corporate caution that will likely continue to act as a brake on the economy.

U.S. Consumers Less Optimistic in June

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U.S. consumers grew less optimistic in June—with the University of Michigan consumer sentiment index falling to 93.5 from May’s 94.7— suggesting spending could slow in the next year.

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