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Investing, Stocks

“‘Fast Money’ Traders Share Their Thoughts On Retail, Cruise And Casino Stocks”

“On CNBC’s “Fast Money,” Tim Seymour said Macy’s Inc (NYSE: M) was priced as if it’s going out of business, but he doesn’t think that’s going to happen. He added there are very real assets there… Steve Grasso said there is a reason to take… Continue Reading…

Economy

“5 parts of the economy most at risk from coronavirus”

“Financial markets U.S. stocks have suffered their worst week since the depths of the 2007-08 financial crisis as investors flee for safety. All three major U.S. stock indexes have dropped at least 10 percent from their most recent peaks, abruptly… Continue Reading…

Economy

“Saturday shopping set a single-day sales record, analyst says”

“Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners… … As retailers offer improved web platforms, online spending so far this season has… Continue Reading…

Economy

“It’s Make-Or-Break Time For Retailers: Black Friday Update”

“Early November results bode well: Comparable-store retail sales gained 1.3% in the first two weeks of the month, according to Fiserv, a major U.S. processor of credit-card transactions. Cooler weather likely spurred apparel growth for warmer, seasonal clothing, particularly at… Continue Reading…

Business, Economy

“US retail spending rebounds in February, driven by autos”

“The unexpectedly strong month for the key retail sector helped recover losses after December’s worrisome slump, according to the Commerce Department… Total retail sales rose 1.6 percent to $514.1 billion, well above the 0.9 percent economists had been expecting. The… Continue Reading…

Economy

“Weak February US retail sales underscore slowing economy”

“U.S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from $1.5 trillion in tax cuts and increased government spending fades. The weak report from the Commerce Department on Monday joined… Continue Reading…