Holiday Retail Sales Tanked But Trucking Data Shows E Commerce Wasn T the Issue
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China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
Snowflake invests in Metaplane to solve data quality issues plaguing AI development
The investment in Metaplane will enable Snowflake customers to closely monitor the quality of their data assets moving through different stages of the pipeline to power downstream applications.VentureBeat - Tech -
China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.CNBC - Business -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
A Chinese Truck Company Is Diving Into Eight-Cylinder Motorcycles
Yahoo News - World -
Reddit to Give OpenAI Access to Its Data in Licensing Deal
The deal will give the artificial-intelligence startup access to Reddit’s data.The Wall Street Journal - Tech -
Truck Driver Is Killed in Episode at TSMC’s Arizona Semiconductor Plant
Construction at the facility was not affected. The Biden administration awarded the company a $6.6 billion grant last month to expand in the United States.The New York Times - Business -
US confirms first aid trucks arrive via Gaza pier
It marks the opening of a new route for humanitarian aid to reach the stricken Gaza Strip.BBC News - Top stories -
Some data in the market-moving CPI report was released early by the Labor Department
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website.CNBC - Business -
The end of centralized data? Samsung teams with Expanso on distributed processing
Enables teams to analyze data in situ, reducing the operational overhead of replicating data centers or managing data movement between cloudsVentureBeat - Tech -
Weka scores $140M to supercharge AI workloads with ‘dynamic data pipelines’
With this funding, Weka will augment its cash reserves from previous rounds and work towards scaling the business to meet the demand for AI infrastructure in the wake of the generative AI boom.VentureBeat - Tech -
U.S. Dollar Seen as Weakest G-10 Currency So Far In May
The DXY U.S. dollar index has weakened by 1.62% so far in May, making the dollar the weakest G-10 currency due to underwhelming labor market and inflation data,The Wall Street Journal - World -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
Retailers' Shelves Are Attractive Again. At Least for Skechers.
Footwear and apparel brand Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in that category.The Wall Street Journal - World -
Let Buffett’s Pilot truck stops set up EV chargers, not the government, GOP Sen. Tillis says
Washington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lot of chargers for electric vehicles, but Republican Sen. Thom Tillis of North Carolina said Thursday that he views that as a good feature of the law, ...MarketWatch - Business -
1 person has died and another is hurt after a fiery tanker truck crash in Colorado
One person is dead and another has been hospitalized after a vehicle crashed into a tanker truck carrying fuel on Colorado’s main east-west highwayABC News - Top stories -
U.S. military says trucks have started bringing aid into Gaza over American-constructed pier
Trucks carrying humanitarian aid began moving ashore into Gaza Friday using a temporary pier built by the United States, delivering desperately needed supplies to the besieged Palestinian enclave.NBC News - Top stories -
Israel-Gaza live updates: US CENTCOM says trucks carrying aid to Gaza are now ashore
More than six months after Hamas terrorists invaded Israel on Oct. 7, the Israeli military continues its bombardment of the neighboring Gaza Strip.ABC News - Top stories - Israel -
5 Israeli soldiers killed in Gaza by their own army's tank fire
As the Israeli defense chief says his troops shouldn't take over Gaza after the war, mistaken tank fire kills 5 of the IDF's own.CBS News - World - Israel -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Chinese Retailer Temu Under Fire From European Consumer Groups
Temu, the discount retailing app owned by Chinese e-commerce giant PDD Holdings, is facing consumer complaints that its business practices violate a new online content law in Europe.The Wall Street Journal - Business - China -
Unified API Recall pulls conversational data from Zoom and Google Meet to power AI bots
Since its launch, Recall has roped in over 300 companies from different industries, ingesting millions of hours of conversational data and powering downstream AI applications.VentureBeat - Tech - Google -
Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.CNBC - Business