Owner of Circle K sees profit drop, blames ‘headwinds, especially in US’

Alimentation Couche-Tard, owner of the Circle K supermarket chain, reported surprisingly weak sales and profits for its latest quarter, suggesting that consumer spending in the United States is particularly weak. The Canadian owner of a chain of convenience stores and gas stations saw sales decline 2.2% in the quarter ended Feb. 4 even as adjusted […]

Holiday sales forecast to hit record high this year, despite growing economic headwinds

Alex Mill Chairman Millard Drexler shares the latest information on the retail market on “The Craman Countdown.” Shoppers expected to spend at record levels Amount of money This holiday season comes despite facing a number of economic headwinds, including rising borrowing costs, persistent inflation and student loan repayments. The National Retail Federation released new forecasts […]

Retailers expect holiday sales to rise despite economic headwinds

Retailers expect Americans to spend more than ever this holiday season, despite economic and geopolitical headwinds. Announced by the National Retail Federation (NRF) Thursday. The major retail associations predicted that sales would rise 3% to 4% in November and December, with a total of $957 billion to $967 billion spent during the holiday shopping rush. […]

Offshore Wind Industry Facing Massive Headwinds As Enthusiasm Dwindles, Losses Mount

The US offshore wind industry has struggled in recent weeks, and the development could complicate President Joe Biden’s climate change policy. Two major offshore wind companies have paid tens of millions of dollars in fines for breaking contracts they signed to supply wind power to power companies. A third company announced a significant price cut, […]

Home Depot, Lowe’s stock downgraded on housing headwinds

Redfin Chief Executive Glenn Kelman said it would be hard to blame the Fed for raising rates “too much” when there were other “sustainable” sources of inflation. Analysts at Telsey Advisory Group cut shares of Lowe’s and Home Depot on Tuesday amid a slump in the housing market on lower home sales and rising mortgages. […]

Target faces more headwinds; Bank of America slashes price target

Panelists Deroy Murdoch and Liz Peek will explore Target’s funding of liberal groups on “Kudrow.” Target, which has struggled with the backlash against transgender products, is also grappling with a growing number of downgrades that have pushed its stock to a three-year low. shareholders were hit another relegation From Bank of America Wednesday. The bank […]

Musk warns of economic headwinds, says Fed will be slow to lower rates

Our Senior Writer Al Root discusses how Elon Musk revitalized the space industry and explores his Mars ambitions in our roundtable. Tesla CEO Elon Musk The economy warned Tuesday of a tough year ahead, saying the Federal Reserve would be too late to cut rates amid worsening economic conditions. In an interview with CNBC’s David […]

Home sales jump for month but headwinds remain

Eric Basmazien, founder of EPB Macro Research, provides real estate insights in “Making Money.” Contract signings for pre-owned homes in January reached their highest level since June 2020 for the second month in a row, but fell sharply year-on-year nationwide. The National Association of Realtors reported on Monday that its pending home sales index surged […]