Latest in Steady November Retail
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Increased November Retail Sales Fuel Hopes for Year-End Spending Boom
Better than expected business at U.S. stores raise hopes of even stronger holiday season buying results—ahead of a potential pullback after Trump’s tariffs are applied in 2025.Inc. - 20m -
UK inflation rises to 2.6% in November
Figure cements expectations Bank of England will hold interest rates steady on ThursdayFinancial Times - 8h -
UK inflation rises to 2.6% in November, in line with expectations
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.CNBC - 9h -
Treasury yields steady ahead of Fed decision that may bring fewer 2025 rate cuts
Yields on U.S. government debt were mixed Wednesday morning ahead of the Federal Reserve’s final policy announcement of the year, which is expected to bring another quarter-point rate cut and ...MarketWatch - 1h -
Cody Bellinger trade grades: Yankees get 'A' for steady pivot after Juan Soto loss, Cubs win cost-cutting game
Bellinger is headed to New York in a move that should benefit the offense and Aaron Judge in particularCBS Sports - 9h -
The retailers living in fear of violent shoplifters
One retailer in Edinburgh's plush Morningside district was knocked to the floor and throttled by a thiefBBC News - 10h -
Treasury yields hold steady after November retail sales, industrial production
Treasury yields finished little changed on Tuesday after stronger-than-expected retail sales for November and an unexpected decline in industrial production last month.MarketWatch - 20h -
India’s Sebi signals extension of algo trading to retail investors
Also in this newsletter: a massive spam call problem and Sajjan Jindal’s mantraFinancial Times - 1d -
China's November retail sales miss expectations as real estate slump deepens
The latest economic data out of China underscores lingering doubts about consumer spending.CNBC - 2d -
Weak China retail sales add to pressure on Beijing to lift economy
Consumption rises less than forecast in November, highlighting why leadership made it the top economic concernFinancial Times - 2d -
Smith steadies Australia and Head puts India to sword on day of two centuries
Third Test, day two: Australia 405-7 v India at the Gabba Smith fights through tough spell to show he still belongs Steve Smith, Gabba, century. Not a surprising combination of words, for a ...The Guardian - 3d -
Here are the retailers shuttering thousands of stores in 2024
Some major retailers are struggling to attract customers, leading to more than 7,100 store closures in 2024 — a 69% jump from a year ago.CBS News - 5d -
HSBC reviews retail banking outside UK and Hong Kong
Bank could scale back in countries including Mexico as it seeks further cost cutsFinancial Times - 5d -
Exclusive-BOJ leaning toward keeping rates steady next week, sources say
The Bank of Japan is leaning toward keeping interest rates steady next week as policymakers prefer to spend more time scrutinising overseas risks and clues on next year's wage outlook, said five ...Yahoo Sports - 6d -
England win ODI series in South Africa after Tammy Beaumont steadies ship
3rd ODI: England, 153-4, bt S Africa, 233-8, by six wkts (DLS) Opener hits unbeaten 65 to guide England to 2-1 series win England scrapped their way to a six-wicket win in the third ODI against ...The Guardian - 6d -
US inflation rose to 2.7% in November
Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next weekFinancial Times - 6d -
Here’s the inflation breakdown for November 2024 — in one chart
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.CNBC - 6d -
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Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - Dec. 11 -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - Dec. 8 -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - Dec. 7 -
China Forex Reserves Climbed in November
China’s foreign-exchange reserves unexpectedly edged up in November, despite a weaker Chinese yuan against the U.S. dollar amid tariff threats from the impending second Trump administration.The Wall Street Journal - Dec. 6 -
US economy added 227,000 jobs in November
Rise in unemployment rate bolsters case for Federal Reserve rate cut this monthFinancial Times - Dec. 6 -
Breaking down the November 2024 jobs report
New numbers from the Labor Department show the U.S. added 227,000 new jobs in November, more than expected. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the report.CBS News - Dec. 6 -
Here’s where the jobs are for November 2024 — in one chart
Health care and social assistance led the way yet again last month, seeing 72,300 new positions added in that area, per the Bureau of Labor Statistics.CNBC - Dec. 6 -
U.S. adds 227K jobs in November, beating expectations
Friday morning's jobs report from the Labor Department shows the U.S. beat expectations and added 227,000 jobs in November while unemployment ticked up slightly to 4.2%. CBS News MoneyWatch ...CBS News - Dec. 6 -
Job Growth Bounced Back in November
After October’s noisy jobs report, November’s reading got a boost from strike resolutions and hurricane recoveries.Inc. - Dec. 6 -
Employers added 227,000 in November as job market rebounded
The labor market rebounded last month after taking a hit in October from hurricanes and labor disputes.CBS News - Dec. 6 -
U.S. economy added 227,000 jobs in November
The U.S. economy added 227,000 jobs in the month of November and the unemployment rate sat at 4.2%, according to a Bureau of Labor Statistics report.NBC News - Dec. 6 -
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India's central bank revises down economic growth forecast for 2025, keeps interest rate steady
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.CNBC - Dec. 6 -
Chinese online retailer Temu suspended in Vietnam
Chinese online retailer Temu has been told to suspend operations in Vietnam after it failed to meet an end-of-November deadline to register with the country's Ministry of Industry and TradeABC News - Dec. 5 -
American Eagle Shares Plunge After Retailer Cuts Sales Outlook
Shares of the apparel retailer fell 12% after the company forecast a steeper-than-expected decline in sales for the holiday quarter.The Wall Street Journal - Dec. 4 -
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook
Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.The Wall Street Journal - Dec. 4 -
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.CNBC - Dec. 4 -
'Squid Game' tracksuits, sneakers and whisky: Behind Netflix's latest retail pitch
Netflix has been ramping up its efforts in retail, with plans to open two physical stores. It's also partnering with many brands to sell merchandise based on its shows and movies.Los Angeles Times - Dec. 4 -
A sweet Black Friday deal for retailers this year: ‘People keep spending money’
Despite a consensus that many Americans voted last month based on concerns about financial well-being and cost-of-living pressures, the recent kickoff to the holiday-shopping season is ...MarketWatch - Dec. 4 -
EU to crack down on Asian online retailers Temu and Shein
Brussels considering a tax to slow surge of goods sold on sites that evade custom duties and checksFinancial Times - Dec. 4 -
DNC chair minimizes November losses, argues Democrats have ‘robust’ foundation
Democratic National Committee (DNC) Chair Jaime Harrison minimized his party’s losses up and down the ballot in November and argued Democrats have a “robust” foundation to build on, going into ...The Hill - Dec. 3 -
Yahoo Sports AM: No win November
In today's edition: The Wizards are historically bad, Week 13 was awesome, Christian Pulisic's breakout season, "Hard Knocks" is back, Munetaka Murakami eyes MLB move, and more.Yahoo Sports - Dec. 3