US retail spending picked up sharply in July
Spending at US retailers rose in July at a much faster pace than in the prior month, a combination of both strong demand among American consumers and higher prices because of elevated inflation. It was also the fourth straight month that retail sales increased.
2023-08-15 23:17
US business inventories unchanged in June
WASHINGTON U.S. business inventories were unchanged for a second straight month in June as companies continued to carefully
2023-08-15 22:46
Biden’s Steel Boom Helps Spark Bidding War for an American Icon
When Cleveland-Cliffs Inc. quietly submitted its takeover bid for United States Steel Corp. it couldn’t have chosen a
2023-08-15 22:16
Nigeria Inflation Quickens More Than Expected on Transport Costs, Food Prices
Nigeria’s inflation rate climbed to a fresh 18-year high on surging transport costs and food prices, adding to
2023-08-15 21:15
MTN Fintech Unit Seeks More Investors After Mastercard Deal
MTN Group Ltd. is seeking as many as three more strategic investors in addition to Mastercard Inc. for
2023-08-15 21:15
US Retail Sales Top Forecasts, Showcasing Consumer Resilience
US retail sales rose in July by more than forecast, highlighting how the resilience of consumers is helping
2023-08-15 20:56
Italy’s Deputy PM Seeks Changes to Bank Tax, Reports Say
Italy’s Deputy Premier Antonio Tajani wants substantial changes to a controversial levy on banks’ extra profits, according to
2023-08-15 20:00
Legal & General Assets Decline as Outflows Combine With Rising Rates
Legal & General Group Plc’s asset management arm saw assets fall by £132 billion ($168 billion) as clients
2023-08-15 19:56
Home Depot Earnings Top Estimates as DIY Spending Sustained
Home Depot Inc. earnings exceeded the average analyst estimate, suggesting that US home improvement spending is performing slightly
2023-08-15 19:56
Internet Firm Sea Misses Sales Estimates on Slowing E-Commerce Demand
Sea Ltd.’s revenue missed estimates after its e-commerce division posted slowest growth on record, reflecting fallout from economic
2023-08-15 19:55
Retail earnings this week could say a lot about the state of America's economy
Earnings season continues this week with Target, Walmart, TJ Maxx parent company TJX and other high-profile retailers set to release their quarterly results.
2023-08-15 19:25
Carlsberg lifts 2023 profit forecast on solid first-half
COPENHAGEN Danish brewer Carlsberg on Tuesday lifted its profit guidance for the full year after a "solid business
2023-08-15 19:25