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U.S. retail sales surged 1.2% in August, marking the largest increase in five months and beating Wall Street estimates. Strong spending in restaurants and online retail indicates resilient consumer d…
U.S. stocks retreated from record highs after retail sales unexpectedly dropped 0.6%, raising concerns over consumer spending. Higher oil prices also revived inflation worries, pulling down the S&P 5…
S&P 500 hits record high despite July retail sales missing estimates (-0.6% vs flat expected). Mixed earnings from AMAT (beat), NKTR (narrower loss), STNE (miss). Weak retail data pressures USD while…
Wells Fargo CEO Scharf says AI will cut tens of thousands more jobs while boosting efficiency; Q2 EPS rose 25% YoY to $2.00, consumer spending remains healthy despite automation concerns.
BofA posted strong Q2 earnings driven by resilient consumer spending, but its economists now forecast 75bps of Fed rate HIKES over 12 months due to sticky inflation near 2023 highs, diverging sharply…
US retail sales for May are expected to rise 0.5%, providing a key consumer health check. However, major market moves may be limited ahead of the afternoon FOMC decision and press conference, alongsi…
U.S. officials describe the weaker dollar as natural, boosting exports and GDP growth forecasts, while dollar weakness persists amid economic uncertainties and weak consumer spending data.