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Continue reading >>U.S. retailers could see a healthy holiday season. Analysts at Deloitte say retail sales could surge between 4.5% and 5% between November and January, as retailers rake in up to $1.1 trillion in sales. “Near record-low unemployment rates, coupled with continued monthly job creation, may encourage people to spend more during the holiday season. The economy is still growing, albeit at a...
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U.S. markets showed strength for the 2nd-straight session following a jobs report that was not as weak as feared. Optimistic comments from President Trump regarding upcoming U.S.-China trade talks added to the jobs report momentum which tempered rising worries of a deeper slowing in economic growth, if not recession by 2020.Fed speak throughout the day supported expectations for another...
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The New York Federal Reserve Bank said Friday it will continue to inject billions into the US financial plumbing on a daily basis through November 4, extending the operations by three weeks.The effort, begun in mid-September, is aimed at preventing a spike in short-term interest rates, the New York Fed said in a statement.Rates spiked last month as banks struggled to find the cash needed to meet...
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Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington.The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August.Wall Street’s poor performance for the week comes after a disappointing U.S. manufacturing data...
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