Signs of economic improvement also include steady job growth and a dip in first-time applications for unemployment benefits.

Burberry said on Friday its comparable retail sales fell by a smaller-than-expected 1% in the first quarter ended June 28, in early signs of a recovery for the British luxury brand struggling with underperformance.

Nvidia said in April that sales restrictions on its chip in China on national security grounds would cost the company $5.5 billion. The White House also blocked a chip from Advanc