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In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging
Amazon's retail CEO told employees this week why the company is doing a better job selling cheaper …
Eugene Kim
Online sales of Plan B and birth control are surging after Trump's election, retailer says
Wisp, a telemedicine company focused on reproductive health, said its sales of emergency contracept…
Katie Balevic
Stock market today: Indexes gain after strong retail sales data
Stocks rose Thursday as investors digested strong retail sales data for September. Upbeat earnings …
Kelly Cloonan
China's population decline is having a big impact as marriages, diamond sales, and retail spending drop
Just 3.4 million couples in China got married in the first half of 2024, a 50% decline from what wa…
Jennifer Sor
How Prada is beating the odds and bucking the luxury slump
Thanks to coveted designs from Miu Miu and a company-wide turnaround strategy, Prada is one of the …
Madeline Berg
Here's the next data point to watch as Wall Street eyes a 'no landing' scenario for the US economy
After promising jobs and GDP data, a surge in retail spending would point to a "no landing" or a re…
Kelly Cloonan
America's shopping spree is over and retailers are facing a new world of cautious consumers
76% of consumers said they planned to trade down in the next quarter, spelling trouble for the weak…
Jennifer Sor
FADA urges banks to tighten funding to dealers as rains play spoilsport in August
Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…
Stock market today: Indexes rise on upbeat retail sale data ahead of Fed meeting
Retail sales boosted confidence in the US consumer a day ahead of the Fed's anticipated interest ra…
Filip De Mott
The US economy is strong enough that Fed rate cuts aren't even warranted, JPMorgan strategist says
Most traders expect the Fed to make a big initial rate cut, but one strategist says it's not necess…
Kelly Cloonan
Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company
Tesla is losing ground in its home state of California. That signals more trouble ahead for Elon Mu…
Nora Naughton
All the data is pointing to a soft landing in the US economy, top economist says
"The bottom line is that the US economy is not in a recession, and there are no signs of a recessio…
Matthew Fox
Welcome to the 'treat yourself' economy — where skincare and long hair rule
Better-than-expected retail sales and personal care spending in recent months suggest consumers are…
Erin Snodgrass
Better catering and nicer bathrooms will help get workers back to the office, says this retail CEO
Stuart Rose, boss of UK supermarket chain Asda, says working from home isn't a "satisfactory" way o…
Polly Thompson
Retailers are highlighting two very different realities emerging among squeezed US shoppers
While Walmart, T.J. Maxx, and Nordstrom say middle-income shoppers are still spending, Dollar Gener…
Alex Bitter
McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts
Global sales at the Golden Arches fell 1.5%, driven by international markets, especially France, th…
Nora Redmond
Stock market today: Indexes rise after retail sales boosts confidence on the consumer and the economy
Indexes rose after a surprise 1% jump in retail sales. Bond yields jumped as traders dialed back fe…
Kelly Cloonan
The US consumer is strong and fears of a recession are 'overblown' based on the latest earnings results, Goldman Sachs says
Accounting for the recent flurry of upbeat data points, Goldman's Jan Hatzius reduced the probabili…
Matthew Fox
Don't get spooked by recession fears. The US is well on its way to a soft landing, Goldman Sachs says
Analysts from Goldman Sachs say the US is on its way to a soft landing, with recent volatility fue…
Kelly Cloonan
America's absurd war on 'organized retail crime'
Target and CVS call them criminal masterminds. Most are homeless or mentally ill.