02:45 PM EDT, 04/30/2024 (MT Newswires) -- The Conference Board's Consumer Confidence Index fell to 97.0 in April from a 103.1 reading in March due to declines in both the present situation and expectations indices. The Conference Board said that April reading was the lowest since July 2022 and consumers were less certain about the current employment situation and more...

02:49 PM EDT, 04/30/2024 (MT Newswires) -- The Federal Open Market Committee is again expected to make no change to the range of its federal funds rate target, keeping it at 5.25% to 5.5%, so markets will look to the FOMC's post-meeting statement and Federal Reserve Chairman Jerome Powell's press conference for signals that fewer rate cuts are expected this...

American Electric Power Company ( AEP ), Inc. reported the first quarter 2024 revenue of $5 billion, missing the consensus of $5.02 billion. Commercial load grew by 10.5% Y/Y, led by strategic economic development focus on supporting community growth. Total energy distribution rose 5.2% Y/Y to 26,882 million KWH in the Vertically Integrated Utilities segment and 8.4% Y/Y to 21,853 million KWH in...

WASHINGTON (Reuters) - International companies cannot responsibly operate in Xinjiang and should leave the western Chinese region due to forced labor concerns, a U.S. Labor Department official said on Tuesday. The U.S. government says Chinese officials continue to commit genocide and crimes against humanity against Uyghurs and other Muslim minorities in Xinjiang, and rights groups have pressured Western companies there...