(Reuters) – US homebuilder confidence boosted for a third straight month in August to hit its highest level ever, as record-low interest rates boost the buyer’s sales, data released Monday in the latest indication show that the housing market is a rare bright spot in the economic crisis triggered by …
Read More »Tesla, Walmart, Nvidia, Home Depot, and Other Investor Supplies to Watch This Week
Text size Brick-and-mortar retailers make up the bulk of revenue reports this week. Walmart, Home Depot, and Kohl released their second-quarter results on Tuesday, followed by Lowe’s, Doel, TJX, and L Markets on Wednesday. Ross Stores reports Thursday. Non-retail names releasing results this week include Nvidia and analog devices on …
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. Asian markets pulled back Friday from the disappointing set of …
Read More »Investors in Belarus face ‘dictatorship dilemma’, Putin may hold the key
LONDON (Reuters) – Investors face a classic ‘dictatorial dilemma’ in Belarus – hold on to securities that take advantage of the status quo in a brutal regime, or sell them and close their bonds – but whichever way they go, for largely dependent on Vladimir Putin’s Russia. PHOTO PHOTO: Russian …
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 …
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