WASHINGTON (Reuters) – U.S. retail sales increased less than expected in July as consumers cut back on motorcycle purchases, and could move slowly in the months ahead amid spiraling new COVID-19 infections and a reduction in controls for unemployment benefits. Despite the moderation in retail sales reported by the Department …
Read More »U.S. retail sales kick off in July; obstacles mount for emerging economic recovery
WASHINGTON (Reuters) – U.S. retail sales increased less than expected in July as consumers cut back on motorcycle purchases, and could move slowly in the months ahead amid spiraling new COVID-19 infections and a reduction in controls for unemployment benefits. Despite the moderation in retail sales reported by the Department …
Read More »U.S. retail sales are missing expectations in July, may be even slower in months ahead
WASHINGTON (Reuters) – U.S. retail sales increased less than expected in July as consumers cut back on motorcycle purchases and could move too slowly in the months ahead amid emerging new COVID-19 infections and a reduction in unemployment benefit checks . FILE PHOTO: People visit Destiny USA shopping mall during …
Read More »US hits fiscal cliff with jobs, economic recovery in balance
(Reuters) – The US drive to boost its economy in the midst of a pandemic came to a halt last week with signs that declining unemployment and business subsidies may have begun to take a toll. PHILO PHOTO: People who lose their jobs are usually waiting to work for unemployment …
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 …
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