US Consumer Sentiment Remains Subdued on Job, Price Concerns Consumer sentiment in the United States continues to be weighed down by concerns over job security and rising prices. According to Joanne Hsu, director of the survey, “Pocketbook issues like high prices and weakening job prospects remain at the forefront of consumers’ minds.” The latest data […]
Luxury Stocks’ Nascent Revival Is About to Face Earnings Test
Luxury Stocks’ Nascent Revival Is About to Face Earnings Test Luxury stocks have been on a rollercoaster ride in recent times, facing a myriad of challenges that have tested the resilience of even the most established brands in the industry. With an uneven economic recovery in China, a stronger euro, and a perceived lack of […]
US Retail Sales Beat Forecasts in Sign of Solid Summer Spending
US Retail Sales Beat Forecasts in Sign of Solid Summer Spending US retail sales have shown a remarkable resilience in August, marking a third consecutive month of growth. This upward trend has defied expectations and left economists pleasantly surprised, indicating a solid foundation for summer spending. The robust performance of retail sales is a positive […]
US Retail Sales Beat Expectations in June
US Retail Sales Beat Expectations in June In a surprising turn of events, US retail sales soared by 0.6 percent in June, surpassing expectations and signaling a positive trend in consumer spending. This increase was partly attributed to higher prices across various sectors, with apparel leading the gains at an impressive 2.4 percent. The rise […]
US Retail Sales Post Biggest Drop in Four Months
US Retail Sales Experience Significant Drop in May, With Silver Lining in Clothing Sector The recent report on US retail sales for the month of May has left economists and analysts pondering over the state of the economy. The figures show a decline in retail sales, marking the biggest drop in four months. This unexpected […]
Worldview | Japan Considers Removal of Tax-Free System for Tourists
Worldview | Japan Considers Removal of Tax-Free System for Tourists In a surprising move that has sent ripples through the tourism industry, Japan is considering the removal of its tax-free system for tourists. This potential change comes as part of an effort to boost domestic spending and revitalize the country’s economy in the wake of […]
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback Burberry, the iconic luxury brand, has recently experienced a surge in its performance, sparking hope for a revival in the luxury retail sector. Despite the challenges posed by the global pandemic, Burberry managed to weather the storm with resilience, reporting a smaller-than-expected quarterly sales drop […]
Big tech CEOs set to attend Trump inauguration
Big Tech CEOs Confirm Attendance at Trump’s Inauguration: A New Era in Silicon Valley-Government Relations? The upcoming presidential inauguration is always a significant event on the political calendar, but this year, it seems to be drawing even more attention than usual. One key point of interest is the confirmed attendance of several prominent Big Tech […]