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Latest Business News: Consumer Sentiment Improves in Late June

Wochit 0:50 mins

A survey showed that U.S. consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years. Video-ad-network Tremor Video had its IPO and opened at $10-a-share but shares ended its first day down 15% Financial markets should brace for more volatility as they digest news the Federal Reserve will scale back bond buying later this year, central banker Jeffrey Lacker said, but he added that this is an understandable adjustment and will not derail growth.

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