Retail sales slump. Cold snap and post-holiday blues depress spending.
Read more at MarketWatch
Topics
-
Retail sales slumped 0.9% in January, down much more than expected
Excluding autos, prices fell 0.4%, also far off the consensus forecast for a 0.3% increase.CNBC - 5d -
Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.NBC News - 5d -
More fatalities possible in Kentucky as South braces for cold snap
All 120 counties in Kentucky are under a flood warning, and crews are actively working to get people out of the water.The Hill - 1d -
Snap’s increased AI spending may push profits even further out
Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.MarketWatch - Feb. 11 -
Retail sales make biggest drop in almost 2 years
Retail and food sales made their largest monthly drop in January since March 2023, marking an end to the buying surge that took off in the run-up to the 2024 election. Sales fell by 0.9 percent to ...The Hill - 5d -
Lakhin scores 22, Clemson defeats No. 2 Duke 77-71 to snap Blue Devils' 16-game winning streak
Viktor Lakhin scored 22 points, Clemson held player of the year candidate Cooper Flagg in check for most of the game and the Tigers defeated No. 2 Duke 77-71 to snap the Blue Devils’ 16-game ...ABC News - Feb. 8 -
Hampshire owners snap up Southern Brave stake as Hundred sale hits £1bn
Delhi Capitals co-owners GMR Group secure 49% share Four of the eight franchises will now have IPL backers English cricket has completed arguably its greatest transformation in living memory ...The Guardian - Feb. 12 -
Bonds issued by defense contractors are being snapped up, as stocks fall on talk of spending cuts
Bond spreads have tightened in recent weeks as stocks have slumped on fears that “DOGE” will target the Pentagon.MarketWatch - 1d -
Treasury yields end at one-week lows after surprisingly steep drop in retail sales
U.S. government debt rallied for a second day on Friday, sending yields to one-week lows, after January retail-sales data came in sharply lower than expected and raised questions about the strength ...MarketWatch - 5d
More from MarketWatch
-
Apple hopes adding this feature to its lower-priced iPhone will make it more enticing
Apple’s iPhone 16e, the latest addition to its lower-cost line of smartphones, is priced higher than expected.MarketWatch - 4h -
There’s buzz around a $5,000 DOGE dividend, but this tax refund faces a lot of hurdles
Elon Musk has promised to talk with President Trump about a proposed payout to taxpayers funded by their new Department of Government Efficiency. But the “DOGE dividend” faces some potential ...MarketWatch - 5h -
Here’s how Enovix’s soft guidance derailed the battery maker’s stock
Softer outlook for battery maker sends its stock down 2%.MarketWatch - 5h -
Carvana says it had a record year. Why its stock is falling anyway.
Online used-car sales platform reports better fourth-quarter results, but shares drop after hours.MarketWatch - 5h -
Cheesecake Factory says ‘distinct, high-quality’ dining is still in demand amid discounts elsewhere
Cheesecake Factory Inc. on Wednesday reported fourth-quarter profit and revenue that were above expectations, amid demand for what executives called “distinct, high-quality dining experiences.”MarketWatch - 5h
More in Business
-
China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
The PBOC has in recent months sought to defend the yuan as it faces downward pressure amid threats of higher tariffs.CNBC - 51m -
Who is Friedrich Merz, the favorite to become Germany's new chancellor?
Friedrich Merz, who is poised to become Germany's chancellor in a CDU-led government, has extensive experience as a lawyer and working with major corporations.CNBC - 1h -
British Business Bank told to refocus lending on priority sectors
Ministers want financial firepower targeted at areas highlighted in industrial strategyFinancial Times - 2h -
Politico’s owner praises JD Vance for ‘inspiring message’
Mathias Döpfner says many Europeans had ‘intentionally misunderstood’ the US vice-president’s speech that caused widespread horrorFinancial Times - 2h -
Trump’s freewheeling disruption could extend to the dollar
The president’s conviction that US currency strength gives trading partners an unfair advantage is well knownFinancial Times - 2h