Who will win the Superbowl?

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Who will win the Superbowl?

Retail and wholesale sector performance

February 14, 2019 - 11:14 am

National Retail Group: holiday sales fell short

NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, says that holiday sales increased a lower-than-expected 2.9 percent as worries about the trade war with China, the government shutdown and stock market turmoil dampened shopper spending in December. The figures...
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FILE- In this Dec. 24, 2018, photo a last-minute shopper scans his mobile device next to a sign marking discounts on coats at Columbia store as shoppers finish up their Christmas gift lists at the Outlet Malls in Castle Rock in Castle Rock, Colo. The On Thursday, Feb. 14, 2019, the Commerce Department releases U.S. retail sales data for December. (AP Photo/David Zalubowski, File)
February 14, 2019 - 11:08 am

Humbug holidays: US retail sales drop 1.2 pct. in December

WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. The Commerce Department said Thursday that December retail sales fell 1.2...
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FILE- In this Jan. 30, 2019, file photo a buyer wanders between display walls of coats at the Outdoor Retailer & Snow Show in the Colorado Convention Center in Denver. The National Retail Federation, the nation's largest retail trade group, is forecasting that retail sales could grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in a mood to spend in a strong economy. (AP Photo/David Zalubowski, File)
February 05, 2019 - 12:43 pm

Retail group forecasts solid retail sales growth for 2019

NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, forecasts that retail sales should grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in the mood to spend in a strong economy and job market. The forecast,...
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FILE- In this Dec. 28, 2018, file photo trader Jonathan Corpina, right works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 1. (AP Photo/Richard Drew, File)
February 01, 2019 - 3:56 pm

US stocks eke out gains after bumpy day caps solid week

Stocks capped a bumpy day of trading Friday with modest gains, extending the market's winning streak to its third straight day. Gains in technology companies, energy stocks and banks outweighed losses in retailers and elsewhere in the market. Major indexes were higher much of the morning as...
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January 31, 2019 - 4:11 am

H&M profit drops as retailer adapts to more online shopping

STOCKHOLM (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB said Thursday its fourth-quarter profit dropped about 10 percent to 3.5 billion kronor ($390 million) as consumers continued to shift to online shopping. The Stockholm-based group retailer said quarterly sales increased by 12...
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FILE- In this Sept. 10, 2018, file photo corn plants shoot out of a forage harvester as farmer Jim Minott works to get some of his 50 acres harvested before impending rain in Brunswick, Maine. Minott will feed the silage to his cows. On Tuesday, Jan. 15, 2019, the Labor Department reports on U.S. producer price inflation in December. (AP Photo/Robert F. Bukaty, File)
January 15, 2019 - 7:55 am

US wholesale prices fell 0.2 percent in December

WASHINGTON (AP) — U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. The Labor Department said that the producer price index — which tracks cost changes before they reach the consumer — fell 0.2 percent...
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FILE - This June 29, 2016 file photo shows a Target store in Hialeah, Fla. Target shoppers took full advantage of the retailer’s pickup and drive up services over the holiday season, climbing 60 percent from a year earlier and making up a quarter of the chain’s online sales for the November-December period. Target Corp. also announced Thursday, Jan. 9, 2019 that sales at stores open at least a year increased 5.7 percent in the period, up from 3.4 percent a year earlier. (AP Photo/Alan Diaz)
January 10, 2019 - 2:51 pm

Strong economy does little to lift department store sales

NEW YORK (AP) — Many investors had expected department stores to enjoy robust sales over the holidays in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas. So when Macy's and Kohl's reported lackluster numbers on Thursday, they were taken...
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December 26, 2018 - 10:22 am

A strong economy translates into big sales this holiday

NEW YORK (AP) — Americans buoyed by a strong economy pushed holiday sales growth to a six-year high. Retail sales rose 5.1 percent between Nov. 1 and Dec. 24 from a year ago, according to Mastercard SpendingPulse, which tracked spending online and in stores across all payment types, including those...
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Anti-Brexit demonstrators wave flags outside the houses of Parliament in London, Wednesday Dec. 19, 2018. (AP Photo/Tim Ireland)
December 20, 2018 - 9:15 am

Bank of England warns of intensified Brexit uncertainties

LONDON (AP) — The Bank of England warned Thursday that uncertainties related to Brexit have "intensified considerably" since early November and weighing on the U.K. economy. While unanimously deciding to keep the bank's main interest rate unchanged at 0.75 percent, as expected, the nine-member rate...
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FILE- In this Nov. 29, 2018, file photo trader Timothy Nick works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 14. (AP Photo/Richard Drew, File)
December 14, 2018 - 1:58 pm

Markets Right Now: Stocks drop on China concerns, J&J sinks

NEW YORK (AP) — The latest on developments in financial markets (all times local): 2:42 p.m. Stocks are falling sharply on Wall Street on new concerns about slowing growth in China's economic engine and disarray surrounding plans for Britain to exit the European Union. Johnson & Johnson plunged...
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