WASHINGTON - U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans.
NEW YORK U.S. consumer sentiment fell in July, according to a survey released on Friday. The University of Michigan's final July reading on the overall index on consumer sentiment came in at 93.1, down from 96.1 in June.
United Parcel Service said on Friday that it would buy Coyote Logistics, a smaller transportation and logistics provider, for $1.8 billion in cash.
The country's economic woes continue. China's stock market fell again on Friday, with The Shanghai Composite Index slipping 1.1% to close at 3,663.73, according to a report in Bloomberg News.
MOSCOW Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday, as expected, citing a cooling economy that it said outweighed inflation risks.