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Inflation Will Keep Holiday Online Sales Stagnant, Forecasters Say By Bloomberg
© Bloomberg. A woman using a credit card for internet shopping. Photographer: Hollie Adams/Bloomberg (Bloomberg) — Total online shopping orders this holiday season are expected to decline from 2021 as consumer budgets are pinched by inflation. In the US, the number of online orders is forecast to drop 5% compared with the 2021 holiday season, […] More
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Soft Retail Sales, Fewer Jobless Claims Paint Mixed US Economic Picture By Bloomberg
(Bloomberg) — A barrage of data Thursday offered a mixed view of the US economy in the face of rapid inflation, including more tempered retail activity and a labor market that’s still vibrant. Retail sales indicated spending on goods, while far from collapsing, is moderating. And applications for unemployment insurance dropped for the fifth straight […] More
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U.S. Stocks Wobble After Strong Reports on Retail Sales, Jobless Claims By Investing.com
© Reuters. By Liz Moyer Investing.com — U.S. stocks fell in early trading and then turned higher on Thursday as investors tried to digest a slug of economic data ahead of the Federal Reserve’s meeting next week. At 9:50 ET (13:50 GMT), the was up 45 points, or 0.2%, while the was flat and the […] More
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U.S. retail sales unexpectedly rise in August; weekly jobless claims fall By Reuters
5/5 © Reuters. FILE PHOTO: A shopper looks at handbags at Burberry on 5th Avenue in New York City, U.S., May 24, 2021. REUTERS/Brendan McDermid 2/5 By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, […] More
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U.S. Retail Sales Rose 0.3% in August as Pressure from Gas Prices Eased By Investing.com
© Reuters. By Geoffrey Smith Investing.com — U.S. rose surprisingly in August by 0.3%, as a fall in gasoline prices prompted consumers to drop some of their recent caution with regard to other areas of spending. Spending on autos and parts rose a hefty 2.8%, while there were also notable gains for general merchandise stores, […] More
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Rail Deal, Retail Sales, Xi Meets Putin
© Reuters. By Geoffrey Smith Investing.com — The U.S. publishes the last big economic data dump before next week’s crucial Federal Reserve meeting, with retail sales, jobless claims and the Philadelphia Fed business survey all due. Labor unions and railroad operators reach a tentative agreement to avert a national rail strike. California sues Amazon (NASDAQ:) […] More
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Dow Futures Down 50 Pts; Jobless Claims, Retail Sales in Focus By Investing.com
© Reuters. By Peter Nurse Investing.com — U.S. stocks are seen opening marginally lower Thursday, with investors cautious ahead of a large data dump which will provide further clues about the state of the U.S. economy as next week’s Federal Reserve policy meeting looms large. At 07:00 ET (11:00 GMT), the contract was down 50 […] More
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H&M Falls as Q3 Sales Miss Expectations Despite Gradual Improvement By Investing.com
By Geoffrey Smith Investing.com — Hennes & Mauritz (ST:) shares fell in Stockholm in early trading on Thursday after the fast-fashion retailer reported another weak summer of sales. The company said sales in the three months through August, adjusted for foreign exchange swings, fell by 4% from a year earlier. However, the Swedish krona’s depreciation in […] More
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European Stocks Edge Higher; H&M Quarterly Sales Disappoint By Investing.com
© Reuters By Peter Nurse Investing.com – European stock markets edged higher Thursday, stabilizing after losses earlier in the week, but sentiment remains fragile as investors fret about the impact of tightening monetary policy as economic growth slows. By 03:35 ET (07:35 GMT), the in Germany traded 0.4% higher, the in France rose 0.2%, and […] More
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H&M sales miss as retailer struggles to compete with Zara By Reuters
© Reuters. STOCKHOLM (Reuters) -H&M on Thursday reported lower-than-expected quarterly sales as shoppers tighten their belts with energy and food bills soaring and the world’s second-biggest fashion retailer struggles to compete with rival Zara. Third-quarter net sales at the Swedish group were up 3% from a year earlier at 57.5 billion crowns ($5.36 billion). Analysts […] More
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Exclusive-Tesla weighs reset for China retail strategy even as sales boom By Reuters
© Reuters. FILE PHOTO: A Tesla electric vehicle (EV) drives past a crossing in Shanghai, China March 9, 2021. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Tesla (NASDAQ:) is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged […] More
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Bunge Limited Completes Sales of Mexico Wheat Mills to Grupo Trimex
Bunge Limited Completes Sales of Mexico Wheat Mills to Grupo Trimex Source link More
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