PUBLISHED FRI, DEC 3 202112:28 PM EST Melissa [email protected]_REPKO Holiday sales could best even the rosiest expectations for the major shopping season, according to the National Retail Federation. The major trade group’s economist, Jack Kleinhenz, said Friday that spending in November and December could grow as much as 11.5% compared with the same period a
PUBLISHED TUE, NOV 30 20211:13 PM EST Annie [email protected] Amazon said it rang up record-breaking sales between Black Friday and Cyber Monday. Meanwhile, U.S. shoppers spent $10.7 billion on Cyber Monday, according to data from Adobe Analytics, marking a 1.4% decline from year-ago levels. Popular purchases on Amazon included Apple AirPods, Fire TV sticks and
PUBLISHED TUE, NOV 30 20218:05 AM EST Tanaya [email protected] The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images Though JP Morgan thinks stock market gains be may be more modest next year, the firm still sees upside driven by continued earnings growth, one of its analysts said.
Hannah [email protected]_ The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images U.S. stocks are set for another winning year in 2022, according to BMO Capital Markets. Chief investment strategist Brian Belski set an S&P 500 price target of 5,300 for next year, 12.7% higher than the index’s
Tuesday, November 16, 2021 05:58 AM By Reade Pickert Purchases rose 1.7% in October without adjustment for prices Receipts rose in nearly all categories, including electronics (Bloomberg) -- U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades. The value of overall retail purchases increased 1.7%
PUBLISHED TUE, NOV 16 202110:08 AM ESTUPDATED AN HOUR AGO Jesse [email protected] People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The stock market rally should continue through 2022 as the economy and government policy continue to normalize from the
Friday, November 12, 2021 01:07 PM By Katie Greifeld and Vildana Hajric Stock benchmark snaps longest winning streak since August 2020 Companies still able to get consumers to accept higher prices (Bloomberg) -- It took the hottest inflation print in three decades to finally halt the S&P 500’s five-week advance. But it was hardly a body blow for a stock
Business Insider Americans won't stop buying stuff. Spending on durable goods has soared over the past 18 months, per a new JP Morgan note. It's partly because of a new way of life, and in other ways it finally marks a recovery from the Great Recession. Americans just can't stop shopping. Since the pandemic hit the
6:41:22 AM The S&P 500 advanced after key earnings reports showed economic optimism and confidence that supply-chain and cost issues are manageable. President Biden’s unveiled spending plan and a 3Q GDP reading that wasn’t as bad some feared also support stock gains. Automakers rose, with Ford soaring after boosting its profit forecast, restoring its dividend and signaling that the
Some experts are worried that the US is headed for "stagflation"— an economic mess last seen in the 1970s. Stagflation requires high inflation, high unemployment, and low GDP growth. Since the economy is still booming, the stagflation story makes no sense. Neil Dutta is Head of Economics at Renaissance Macro Research. This is an opinion