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Widespread closures have roiled the retail industry, but many more stores are likely to shut down in coming years to keep up with a shift to online shopping, according to … Read more
Cash and treasury would be the top performers in 2019. I am seeing weakness in emerging markets along with U.S. market, says Alastair Williamson to ET Now’s Aabha Bakaya and … Read more
via freebeacon: Political advertising data from Facebook spanning the last 30 days shows Ocasio-Cortez spent over $130,000 on the social media network, almost all of it seeking campaign contributions, and currently … Read more
Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced. It will reduce its production capacity and the number … Read more
A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued … Read more
Good morning🌻: Japan April exports came out WORSE than expected (to be fair only marginally). April in Asia: Japan -2.4%China -2.7%India -0.6%Indonesia -13.1%Singapore NODX -10%Korea -2%Taiwan -3.3%Vietnam 7.5% 👏🏻 Thailand … Read more
via calculatedriskblog: From the Chicago Fed: Index Points to Slower Economic Growth in April Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from … Read more
via zerohedge: No country has better exemplified the global automobile recession than China. Sales for the world’s largest auto market continue to deteriorate, with the latest report confirming that passenger vehicle … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Fed sheds $46 Billion, Total QE Unwind Reaches $580 Billion. Assets drop to lowest level since Nov 2013. In April, total assets on the Fed’s balance … Read more
Global PMIs weakened again in April (still above 50) pic.twitter.com/nZYLwvcY23 — Daniel Lacalle (@dlacalle_IA) May 3, 2019 Global trade volumes down for 2 consecutive Qs now (worst since GFC)@nationalbank pic.twitter.com/1z5SIjVLwI … Read more
via Zerohedge: North American Class 8 net order data shows the industry booked 14,800 units in April, down 57% from a year-ago. The number also marks a sequential decrease of … Read more
By David Stockman Total residential construction spending dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally adjusted annual rate of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, … Read more
by bigbear0083 Here are the most notable earnings releases for the trading week beginning April 29th, 2019. (CLICK HERE FOR THE MOST ANTICIPATED EARNINGS CALENDAR FOR THE NEXT 5 WEEKS) … Read more
by bigbear0083 Since the markets will be closed tomorrow for Good Friday, I figured I’d go ahead and throw the earnings post up a day earlier than usual. Keep in … Read more
by Michael Snyder If the U.S. economy is in good shape, why have retailers already shuttered more stores than they did in all of 2018? Not only that, we are … Read more