UK retail footfall dips again as Storm Bert and later Black Friday hit sales | Retail industry
The number of shoppers going out in the UK in November fell for the second consecutive month as late Black Friday discounts, Stormbart and weak consumer confidence led to weaker sales. Latest data from the British Retail Consortium (BRC) and Sensormatic shows shopping centers were the worst hit, but visitor numbers to high streets and […]
Black Friday, Cyber Monday sales expected to break records
The weekend, which runs from Black Friday to Cyber Monday, is expected to break records this year as shoppers, hit by inflation and waiting for deals, take advantage of deals online and in stores. US retail sales are expected to reach a record $75 billion between Black Friday and Cyber Monday, according to Bain's Black […]
New home sales plummet 17% to 2-year low amid high mortgage rates
Sales of new single-family homes in the U.S. fell to the lowest level in nearly two years in October, likely due to buyers being hesitant due to rising mortgage rates and activity disrupted by hurricanes. It will be done. New home sales fell a seasonally adjusted annual rate of 17.3% to 610,000 units last month, […]
Win one for the Gipper! Ronald Reagan film tops in home sales following Trump victory
This time, the award went to actor and late President Ronald Reagan's “The Zipper.'' Following President-elect Donald Trump's victory on Nov. 5, the movie “Reagan” shot to the top of the home sales charts. “Reagan” ranked No. 2 on Amazon's overall bestseller list for DVD, Blu-ray and digital download sales on Monday. According to a […]
NY smokin’ it with pot sales, nears $1 billion mark
It's a milestone for stoners. Marijuana sales in New York state are on track to reach the $1 billion mark since the legal market launched two years ago, state officials told the Post. “These numbers clearly demonstrate that New York is back for business. There is strong momentum behind the market right now,” said John […]
Retail sales slide in Great Britain amid pre-budget uncertainty | Retail industry
UK retail sales fell for the first time in three months in October as consumers cut back on spending ahead of Labor's first budget in 14 years. The Office for National Statistics (ONS) announced that October sales fell 0.7% on the previous month, and revised down September's growth rate from 0.3% to just 0.1%. Clothing […]
Home sales post first year-over-year gain in over 3 years
U.S. existing home sales rose in October, the first annual increase in more than three years, as easing interest rates and more properties on the market boosted homebuyers. Existing home sales rose 3.4% last month from September to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said Thursday. This […]
Mortgage rates after home sales jumped in October
David Bahnsen, Managing Partner of Bahnsen Group, discusses market volatility and analyzes the real estate market on The Big Money Show. Mortgage rates rose nearly 7% this week, and existing home sales rebounded from falling interest rates two months ago. Freddie Mac's latest Primary Mortgage Market Study, released Thursday, found that the average benchmark interest […]
Senate rejects Sanders-backed proposals to block arms sales to Israel
The Senate on Wednesday overwhelmingly passed three resolutions sponsored by Sen. Bernie Sanders (D-Vermont) that would block the sale of certain offensive weapons to Israel in protest of ongoing military operations in Gaza. It was rejected by a majority. The Senate defeated SJ Res. 18-79. 111 would prevent sales of 120mm tank ammunition. They also […]
Sen. Bernie Sanders’ effort to block weapons sales to Israel fails Senate vote
An effort by Sen. Bernie Sanders (I-Vt.) to block certain U.S. arms sales to Israel was overwhelmingly defeated in the U.S. Senate on Wednesday evening. Sanders' joint resolution of disapproval was supported by Sen. Chris Van Hollen (D-Md.). Sen. Jeff Merkley, D-Ore. Sen. Peter Welch (D-Vermont) intended to block the White House's recent arms sales […]