US stocks rally as strong retail sales raise hopes of ‘soft landing’ – Financial Times
Positive US retail sales data and strong performance from Walmart lifted markets and boosted confidence that the US economy will avoid a recession and achieve a “soft landing”. The new optimism spurred a rally on Wall Street, with the S&P 500 closing up 1.6%, enough to erase the index’s entire August decline. The tech-heavy Nasdaq […]
Gold Price Forecast: XAU/USD trades with mild gains near $2,450, eyes on US Retail Sales – FXStreet
Gold prices were slightly higher around $2,450 in early Asian trading on Thursday. US CPI inflation rose as expected in July. Any signs of escalating geopolitical tensions could rally safe-haven assets such as gold. Gold prices (XAU/USD) snapped a two-day slide early Thursday in Asian trading, rising to near $2,450. A weakening US Dollar (USD) […]
Single-serve soda brand outperforms Coke, Pepsi, outsells eggs at various household retail locations
Olipop is a new single-serve soda on the market, but it recently achieved a remarkable feat by beating out competitors like Coca-Cola and Pepsi to become the number one selling carbonated drink brand in major grocery stores across the United States. The naturally sweetened pop brand is expected to double its sales from 2023 onwards, […]
Chase bans credit card payments for controversial retail service – Daily Mail
JPMorgan Chase will ban customers from using its credit cards to make payments on its controversial “buy now, pay later” loans. The nation’s largest banks have announced that starting October 10 they will reject credit card payments for installment plans offered by companies such as Klarna, Affirm and Afterpay. Chase is alerting customers to the […]
AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales – FXStreet
In early Asian trading on Monday, AUD/USD remained in positive territory around 0.6555. U.S. PCE inflation rose 2.5% year-on-year in June, highlighting the improving inflation environment. A more hawkish stance from the RBA may support the Australian dollar. In early Asian hours on Monday, the AUD/USD pair is trading in an uptrend around 0.6555. Growing […]
Mastermind mom behind $8M organized retail theft ring that hit Sephora, Ulta Beauty gets 5 years
The ringleader of an organized retail theft ring known as the “California Girls,” which targeted high-end cosmetics companies Ulta Beauty and Sephora, has been sentenced to more than five years in prison and a $3 million fine, according to court documents. Michelle Mack, 53, a married mother of three young daughters, was arrested in December […]
Retail prices can jump in seconds with high-tech store price tags
Have you noticed how technology is rapidly changing our shopping experience? From online marketplaces to self-checkout kiosks, the retail world is evolving at breakneck speed. Today, we’re taking a look at one of the latest innovations that is revolutionizing the way we shop for everyday items: digital price tags. To get security alerts, expert tips, […]
Retail sales in Great Britain slump by 1.2%; government borrowing figure for June is lowest since 2019 – business live | Business
Important Events Retail sales in the second quarter declined 0.1% from the first quarter, contributing little to GDP growth. Rob WoodThe chief UK economist at Pantheon Macroeconomics said this left his second-quarter GDP growth forecast unchanged at 0.6%, compared with the Bank of England’s forecast of 0.5%. “This is due to strong consumer spending on […]
US retail sales unchanged in June, beating forecasts for slight drop
Ironside Macroeconomics Managing Partner Barry Knapp speaks about “The Age of Financialization” during Unbreakable Investor’s “Making Money” town hall. U.S. retail sales were flat in June, signaling a strong underlying trend that could boost second-quarter economic growth forecasts. The Commerce Department’s Census Bureau said Tuesday that retail sales last month were flat, following an upwardly […]
Sacramento threatens Target with fine for reporting rampant retail theft to police: Report
The Sacramento City Attorney’s Office recently reported that Target threatened the company with administrative fines for reporting incidents of theft at its retail stores to police. Sacramento Bee. The source, who asked not to be identified for fear of retaliation, said city officials warned the Target at 2505 Riverside Boulevard in Land Park that it […]