BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. PHILO PHOTO: People wear protective face masks as seen in …
Read More »China’s economic recovery is underway as consumer comeback remains inevitable
BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. PHILO PHOTO: People wear protective face masks as seen in …
Read More »UNITED STATES STOCKS: Wall St Stumbles As 3M Stimulus Talks Emerge, McDonald’s Disappoints
(For a live blog on the US stock market, click or type LIVE / in a news window) * Pfizer rose after raising the forecast for the full year * McDonald’s falls when global sales at the same store disappoint * 3M falls as quarterly earnings fail estimates * Downward …
Read More »Brooks Brothers files for bankruptcy when athleisure replaces button-down shirts (July 8)
A arrives at the United States District Bankruptcy Court for the Southern District of New York in Manhattan, New York, USA, January 9, 2020. REUTERS / Brendan McDermid (Reuters) – Clothing brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a list of decades-old American retailers that have …
Read More »Roombas and jam: couch potatoes break robot vacuums, PB&J in pandemic
(Reuters) – Consumers who stay close to home as COVID-19 cases increase worldwide are looking for more staples like mayonnaise and peanut butter and buying Roomba robotic vacuum cleaners and computers. FILE PHOTO: A variety of peanut butter made in the USA on display at the “American lifestyle” store in …
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