• U.S. Consumer Spending Heats Up

    6 days ago - By Economy

    The tight labor market, tax legislation, and weather boosted retail sales in May.
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  • Retail sales surge in May

    6 days ago - By Reuters

    U.S. retail sales rose 0.8 percent in April, double what economists had expected. As Fred Katayama reports, it's another sign that economic growth accelerated in the second quarter.
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  • U.S. consumer spending accelerating; labor market robust

    6 days ago - By Reuters

    WASHINGTON - U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter.
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  • A million people bought this $530 Android-powered iPhone competitor in less than a month

    A million people bought this $530 Android-powered iPhone competitor in less than a month

    6 days ago - By Business Insider

    OnePlus sold 1 million units of its latest smartphone, the OnePlus 6, in less than a month.
    It's a small number compared to Apple and Samsung phone sales, but OnePlus founder and CEO Pete Lau says he's happy with the OnePlus 6's sales performance.
    The company previously sold 1 million of its two previous smartphones - the OnePlus 5 and OnePlus 5T - in three months.
    The company has a loyal fan base similar to Apple's iPhone.
    Over 1 million people purchased the OnePlus 6 - the newest smartphone from the small Chinese smartphone maker OnePlus - in under a month, a OnePlus representative told...
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  • Markets Right Now: Stocks opening higher on Wall Street

    6 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:40 a.m.
    Stocks are opening slightly higher Thursday as investors cheer strong retails sales growth in May.
    Comcast is up 2.5 percent and Disney is flat as the two companies battle for control of businesses being sold by Twenty-First Century Fox. Fox shares gained 1.3 percent.
    U.S. retail sales rose last month by the largest amount since November, a signal to investors that consumers are very confident about the U.S. economy.
    The S&P 500 index rose 9 points, or 0.3 percent, to 2,784.
    The Dow Jones industrials climbed 83 points...
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  • Retail Sales increased 0.8% in May

    Retail Sales increased 0.8% in May

    6 days ago - By Calculated Risk

    On a monthly basis, retail sales increased 0.8 percent from April to May , and sales were up 5.9 percent from May 2017.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for May 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $502.0 billion, an increase of 0.8 percent from the previous month, and 5.9 percent above May 2017.... The March 2018 to April 2018 percent change was revised from up 0.2 percent to up 0.4 percent.
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  • US import prices jumped in May, boosted by a surge in the cost of petroleum products and food

    6 days ago - By CNBC

    U.S. import prices were expected to increase by 0.5 percent in May, after climbing 0.3 percent a month earlier.
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  • US retail sales climb in May by the most in 6 months

    6 days ago - By Chron

    WASHINGTON - U.S. retail sales rose by the most in six months in May, as consumers spent more at home and garden stores, gas stations and restaurants.
    The Commerce Department says retail sales rose 0.8 percent last month, the largest increase since November. Excluding the volatile gas and auto categories, sales also rose 0.8 percent.
    Consumers are very confident in the economic outlook, buoyed by steady job gains, an unemployment rate at an 18-year low of 3.8 percent, and the Trump administration's tax cuts. The solid job gains have meant more Americans earning paychecks to...
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  • US retail sales climb by the most in 6 months, as healthy consumers accelerate growth

    6 days ago - By Chron

    WASHINGTON - US retail sales climb by the most in 6 months, as healthy consumers accelerate growth.
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