• Chewy gives Wall St. a taste of booming pet market

    10 days ago - By Reuters

    Shares of pet product retailer Chewy soared as much as 87 percent in their first day of trading but finished with a 60 percent surge as Wall Street looks to get a piece of the growing $70 billion U.S. pet market.
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  • Why retail sales rising in May could ease trade-war concerns

    10 days ago - By ETF Daily News

    From Lucia Mutikani :
    WASHINGTON - U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.
    The fairly upbeat report from the Commerce Department on Friday followed a raft of weak data, including a step-down in hiring in May and tame inflation readings, that have led economists to believe that the Federal Reserve will signal a rate cut later this year when policymakers meet next week.
    Financial markets have priced in two rate cuts this year...
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  • Economic Roundup: Good News for the Economy, Bad News for Trade Talks

    10 days ago - By Economy

    May data reports for the U.S. and China were positive, but that may complicate negotiations.
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  • While the Huawei Ban is Hurting Broadcom and Micron-it May Help Qualcomm and Ericcson

    10 days ago - By Fortune

    When the U.S. decided to ban Huawei, it was intended as a backhanded slap over claimed security risks , as Fortune has previous reported. But after striking the face of the Chinese telecommunications giant, the impact kept traveling and has hit multiple U.S. firms right in the earnings.
    The ban-actually, the addition of the company to the Department of Commerce's “Entity List”-is a two-way restriction on Huawei. Not only can it not sell products into the U.S., but American companies-particularly in high tech-face severe restrictions on what they can deliver to the Chinese...
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  • Q2 U.S. GDP Looks Better, for Now

    10 days ago - By Economy

    The economy was gathering momentum before the trade tensions escalated.
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  • Retail Sales Rose Last Month

    10 days ago - By Crossing Wall Street

    This morning's retail sales report indicated that sales were up last month. Also, the numbers for April were revised higher.
    The Commerce Department said on Friday retail sales rose 0.5% last month as households bought more motor vehicles and a variety of other goods. Data for April was revised up to show retail sales gaining 0.3%, instead of dropping 0.2% as previously reported.
    Economists polled by Reuters had forecast retail sales climbing 0.6% in May. Compared to May last year, retail sales increased 3.2%.
    Excluding automobiles, gasoline, building materials and food services, retail...
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  • US retail sales rose in May, while April was revised higher

    10 days ago - By CNBC

    U.S. retail sales were expected to rise 0.6% in May, after slipping 0.2% a month earlier.
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  • US business inventories rebound; sales fall

    10 days ago - By CNBC

    U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the second quarter.
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