Retail sales in March surpassed expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates from the Commerce Department show that retail sales in March increased by 0.7 percent — which is more than double the consensus estimates of a 0.3 percent increase for last month. While it surpassed expectations
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
E-commerce sales continued to grow last month, while consumers pulled back on electronics, clothing and home furnishings.
High winds, rains, winter storms and tropical cyclones accounted for 80% of power interruptions over the last 20 yearsPower outages in the US are rising, as climate-related extreme weather strain an already burdened energy grid.Over the last decade, severe storm outages increased by 74% compared with the previous 10 years. Continue reading
Apple has pledged to buy US-made chips once TSMC’s Arizona plants come online, but the company may have to pay more for them. TSMC’s chief exec has said that it plans to charge customers more for chips made outside of Taiwan, due to the higher production costs more
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.
RTX and Lockeed Martin exceed Wall Street expectations for latest quarter amid wars in Gaza and Ukraine“Exceptionally strong” demand boosted sales at two US defense giants, the companies announced on Tuesday as geopolitical tensions flare in the Middle East and Ukraine continues to fight Russia’s invasion.RTX and Lockheed Martin exceeded Wall Street’s expectations for the latest quarter as conflicts including Israel’s war on Gaza prompted countries to bolster arms spending, both by striking new...
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
Despite the U.S. expanding its ban on the sale of such technology to China in November, ten Chinese entities successfully acquired advanced Nvidia chips. These chips were integrated into servers manufactured by Super Micro, Dell, and Gigabyte Technology. read more
ASML on Monday said first quarter profit beat expectations while sales missed forecasts, with the compant sticking to its full-year outlook.
Buckle’s (NYSE:BKE – Free Report) same store sales rose 1.8% during the month of March. Buckle’s stock rose by 0% in the first day of trading following the report. Analyst Ratings Changes A number of research analysts recently weighed in on the company. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in […]