Stock Indexes Decline Following Bank Earnings, Inflation, and Retail Sales Reports; Gold and Silver Reach New Record Highs
Market Update: Stocks Drop, Gold and Silver Surge Major stock indexes took a hit on Wednesday, while gold and silver prices climbed to record levels as investors processed recent bank earnings and the latest information on wholesale inflation and retail sales. The tech-heavy Nasdaq, along with the S&P 500 and the Dow Jones Industrial Average, […]
Retail Sales Increase Due to Robust Car Sales and Holiday Shopping
U.S. Retail Sales Surge in November Retail sales in the U.S. soared beyond expectations in November, highlighting the resilience of the household sector and the ongoing support of consumer spending for robust economic growth. In November, retail spending climbed by 0.6%, surpassing even the most enthusiastic predictions. Analysts from Econoday had forecasted a mere 0.2% […]
EUR/USD holds steady after losses as attention turns to US PPI and Retail Sales data
EUR/USD Stays Stable, Eyes Upcoming Data The EUR/USD pair is hovering close to the 1.1650 mark, showing little change in its daily performance. Recent data on the U.S. core consumer price index (CPI) released on Tuesday was below expectations. Nonetheless, it hasn’t deterred the strength of the U.S. dollar (USD). Traders are now looking ahead […]
US Dollar Index holds steady above 99.00 before Retail Sales and PPI data
The US dollar index (DXY), which gauges the US dollar’s value against six key currencies, is experiencing a gradual decline after a slight uptick in the previous session. Currently, DXY is around 99.10 as of Wednesday in Asia. Traders are on edge, awaiting the U.S. retail sales and producer price index (PPI) data set to […]
Pound Sterling falls below 1.3450 ahead of US Retail Sales and PPI reports
The GBP/USD pair is hovering around 1.3425 in negative territory during the Asian trading session on Wednesday, primarily due to renewed demand for the US dollar. Traders are preparing for upcoming U.S. retail sales and producer price index data later in the day. According to the Bureau of Labor Statistics (BLS), the U.S. Consumer Price […]
Manhattan retail spaces remain empty despite excitement from brokers and business areas.
January Retail Leasing in Manhattan: A Mixed Reality January is typically a hopeful month for Manhattan’s retail leasing sector. Big brokers and business improvement groups want to convince us that long-empty storefronts are being filled at a rapid pace, and that tenants who wait too long might miss out. However, the reality seems a bit […]
GameStop shuts down additional locations as the decline of retail persists
GameStop Closes More Stores in 2026 GameStop, once a leading video game retailer, is intensifying its store closures in 2026. The company announced plans to shut down 590 locations across the country in fiscal year 2024, along with a “significant number” of additional closures in fiscal year 2025, which wraps up in January 2026. Specific […]
Is Interest in Crypto Cooling Off? US Searches Drop as Retail Investors Hold Back
Declining Interest in Cryptocurrency Search interest for the term “crypto” has dropped to levels not seen in a year, showing a notable decrease in curiosity among retail investors as we near the end of 2025. According to a recent Google Trends analysis, global interest is currently at 26 on a scale of 0 to 100, […]
Holiday Shopping Boost Hidden by Auto and Housing Weakness in October Retail Sales
U.S. Retail Sales Insight for October Retail sales in the U.S. remained nearly unchanged in October, which may not reflect the underlying consumer strength, especially as many Americans began their holiday shopping early, even before Halloween. According to the Census Bureau, retail and food service sales reached $732.6 billion in October, virtually the same as […]
We are lowering our rating on a retail stock, and Evercore starts coverage with buys on two stocks.
Market Recap and Key Insights This morning’s “Morning Meeting” livestream from Jim Cramer’s CNBC Investment Club provided some insights into Monday’s market performance. The S&P 500 faced a dip as investors shifted focus from tech stocks to value-driven investments. For instance, shares of Broadcom dropped more than 4%, while financial powerhouses like Wells Fargo and […]