WASHINGTON, April 20 (Reuters) – U.S. retail sales rose more than expected in March as the war with Iran boosted gasoline prices and revenue at gas stations, while tax refunds supported spending elsewhere. Retail sales rose 1.7% last month after an upwardly revised 0.7% gain in February, the Commerce Department’s Census Bureau said Tuesday. Economists…
NEW YORK (AP) — Sales at U.S. retailers and restaurants were unchanged in October from September as consumers moderated their spending amid concerns about higher prices and other economic uncertainties after splurging over the summer. But a major factor dragging down the figure was a 1.6% drop in sales at motor vehicle and auto parts…
In an encouraging sign of growing optimism, both consumer confidence and the S&P 500 index are rising, signaling a possible economic recovery and a move away from a recession. The latest data from the University of Michigan shows a notable 13% increase in consumer confidence in July, marking the second consecutive month of improvement and…
Wall Street’s primary indices are expected to open on a positive note, boosted by signals from the Federal Reserve indicating possible rate cuts in the coming year. This change came on the heels of the central bank’s decision to keep interest rates unchanged, with Federal Reserve Chair Jerome Powell expressing confidence that the recent strong…
U.S. stocks got off to a shaky start on Friday after the release of another inflation report that showed higher-than-expected numbers, raising questions about possible interest rate cuts. The S&P 500 (^GSPC) fell slightly after hitting a recent all-time high, while the Dow Jones Industrial Average (^DJI) fell 0.3%. The Nasdaq Composite (^IXIC), which includes…
