Consumer spending jumped in July as retail sales were up 1%, much better than expected
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce…
May retail sales rise 0.1%, weaker than expected
Retail spending was weaker than expected in May as consumers continued to wrestle with stubbornly higher levels of inflation. Sales…
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
‘Big change’ in global growth is bullish for commodities including copper, says VanEck CEO
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The…
Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony…
Retail sales tumbled 0.8% in January, much more than expected
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.…
Nvidia rally is fueling FOMO in the overall market, Evercore’s Julian Emanuel warns
Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds…
Trader Joe’s appeals dismissal of lawsuit claiming labor union violated trademark
Trader Joe’s is asking a federal appeals court to reverse a judge’s scathing dismissal of the grocery store chain company’s…
Retail sales rose 0.6% in December, topping expectations for holiday shopping
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a…
Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks
Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy,…
