US retail sales unexpectedly rise, lowering odds for big rate cut
U.S. retail sales unexpectedly rose last month, a surprisingly strong result that likely reduces the likelihood of a big interest rate cut from the Federal Reserve this week. Retail purchases rose 0.1% in August, Commerce Department data released Tuesday showed, beating economists' expectations of a 0.2% decline as cash-strapped consumers showed resilience despite a shaky […]
Stock futures rise as Wall Street awaits retail sales data, Fed policy meeting: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on September 13, 2024. Spencer Pratt | Getty Images Stock futures rose on Tuesday as Wall Street prepared for key retail sales data and the start of the Federal Reserve's September policy meeting. Futures S&P 500 increased by 0.3%, Nasdaq 100 Futures It rose […]
Boar’s Head to close plant tied to listeria deaths, stop liverwurst sales
The meat processing plant in Boar's Head, Virginia, the site of an outbreak of deadly Listeria monocytogenes infections, announced Friday it would close “indefinitely.” Boar's Head will also stop producing a liverwurst product after it tested positive for Listeria, which killed nine people and hospitalized 57 after eating the sausage this summer. “Our investigation revealed […]
Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
U.S. holiday sales are expected to grow at the slowest pace since 2018 amid concerns that persistent inflation will wipe out consumer savings, according to a new survey. Holiday retail sales are projected to grow 2.3% to 3.3% from November through January, totaling $1.6 trillion. According to Deloitte's annual holiday retail forecast. That's a far […]
Kamala Harris Falsely Claims Trump Would Impose A National Sales Tax
CLAIM: Kamala Harris on Tuesday night slammed Donald Trump for proposing a national sales tax. Harris referred to the “Trump sales tax” and claimed it would increase prices of goods by 20 percent. Verdict: False. President Trump has not proposed a national sales tax. Harris was likely referring to Trump's proposal to raise tariffs on […]
FACT CHECK: Fact-Checking Harris’ Claim That Trump Wants To Impose A ‘National Sales Tax’
At a campaign event in Pittsburgh on September 2, 2024 Democratic candidate Vice President Kamala Harris Claimed Former President Donald Trump, a 2024 Republican candidate, wants to impose a nationwide sales tax on everyday items, which would cost the typical American family about $4,000 a year. Verdict: No evidence According to multiple sources and comments […]
Elon Musk’s Tesla Enjoys Strong Sales in China
Tesla's car sales in China hit a 2024 record in August, according to recent reports, but the company is still losing market share to domestic rivals such as BYD. luck Reports Elon Musk's Tesla has seen both good and bad things happen in the Chinese market this year. Although it recorded its highest monthly sales […]
Inflation may hurt Apple’s iPhone sales this year: survey
Nearly two-thirds of U.S. shoppers say persistent inflation will prevent them from buying a new phone this year, according to a survey released Tuesday, which could hurt sales of Apple's latest iPhones. investigation From WalletHub The survey also found that nine in 10 people believe the iPhone is too expensive. “When everyday living costs are […]
Big Lots Prepares to File for Bankruptcy amid Inflation and Declining Sales
Known as a retailer Big Lots The company is preparing to file for bankruptcy, as other companies across the United States have done recently. The discount home goods store could file as early as Sunday, Bloomberg reported Friday, citing people familiar with the matter, and the company plan The store will be sold under court […]
Mets’ playoff hopes increase tickets sales for likely historic September attendance
It finally happened in the bottom of the eighth inning in Queens on Wednesday, when Francisco Lindor stepped up to bat and the baseball crowd turned into a karaoke party. Lindor sensed the energy as the crowd began singing along to his entrance song, “My Girl,” and called a timeout before his turn at bat. […]