U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
June 1 (Reuters) – Weak profit forecasts from department store chain Macy’s (M.N) to discounter Dollar General (DG.N) on Thursday underscored the fragile health of...
Signs of pain as easy cash era ends are growing
LONDON, March 30 (Reuters) – The easy-cash era is over and markets are feeling the pinch from the sharpest jump in interest rate in decades....
‘Stubborn’ food inflation leaves U.S. shoppers with slim appetite for other goods
Food retailers benefit from rocketing prices Choosy shoppers seek discounts on clothing, housewares Home improvement sales head down Feb 23 (Reuters) – As American shoppers...
Wall St heads for big weekly drop as investors sweat rate hikes
PCE index up 0.6% m-o-m in Jan after 0.2% rise in Dec Boeing slides on 787 Dreamliner jets temporary halt Adobe falls as DoJ to...
Heavy discounts drive record U.S. online holiday spending, report says
Jan 5 (Reuters) – U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed, as retailers...
Falling Q4 profit forecasts another negative for U.S. stocks
NEW YORK, Nov 18 (Reuters) – After a disappointing third-quarter reporting period, analysts are projecting that fourth-quarter U.S. earnings will decline for the first time...
Record central bank buying lifts global gold demand, WGC says
LONDON, Nov 1 (Reuters) – Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping...
IMF’s Georgieva says China, other big creditors must work to prevent debt ‘explosion’
International Monetary Fund chief Kristalina Georgieva meets Democratic Republic of Congo President Felix Tshisekedi in Kinshasa, Democratic Republic of Congo, December 8, 2021. REUTERS/ Hereward...
America’s biggest warehouse is running out of room. It’s about to get worse
SAN BERNARDINO, Calif., Aug 2 (Reuters) – America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics,...
Wall Street ends mixed as investors eye jobs data
[ad_1] Indexes: Dow slips 0.26%, S&P off 0.08%, Nasdaq up 0.41% Energy stocks down as oil slumps to pre-Ukraine war level Eyes on Friday’s nonfarm...