China's October exports fell 1.1% year-on-year, missing forecasts and marking the first decline since March 2024, while US and global markets saw mixed trends amid AI, retail, and crypto volatility.
#YonhapInfomax #ChinaExports #Nvidia #USRetail #Bitcoin #SP500Futures #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89853
[Morning Major International Financial News]China's October Exports Fall 1.1% Year-on-Year in Dollar Terms—First Decline Since March Last Year (Comprehensive)

China's October exports fell 1.1% year-on-year, missing forecasts and marking the first decline since March 2024, while US and global markets saw mixed trends amid AI, retail, and crypto volatility.

Yonhap Infomax
Ross Stores Inc. accelerates its U.S. expansion with 40 new stores, defying the retail sector's contraction as rivals like Macy's and Kohl's close locations.
#YonhapInfomax #RossStores #StoreExpansion #USRetail #Macy's #Kohl's #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85782
Ross Stores Accelerates Aggressive Expansion—Unprecedented Growth Amid Retail Sector Restructuring

Ross Stores Inc. accelerates its U.S. expansion with 40 new stores, defying the retail sector's contraction as rivals like Macy's and Kohl's close locations.

Yonhap Infomax

US Business Inventories rose by 0.4% in Jul, slightly above the 0.3% forecast and up from the previous 0.3%.

US Retail Inventories excluding autos increased by 0.5% in Jul, matching expectations and higher than the previous 0.3%.

#USBusiness #USRetail #Inventories #US #Economy

US Core Retail Sales for Aug rose by 0.1%, below the expected 0.2% and slowing from the previous 0.4%.
#USCoreRetail #EconomicData

US Retail Sales in Aug edged up by 0.1%, beating the forecast of -0.2% but lower than the previous 1.1%. #USRetail #ConsumerSpending

#US #RetailSales rose by 0.1% in May, improving from April's -0.2% but below the 0.3% forecast. Ongoing challenges in #ConsumerSpending despite easing inflation. #Nasdaq and #SP500 futures rise after softer-than-expected data boost hopes for Fed policy easing. #USRetail

For retailers big and small
The outlook is not looking tall
Macy's and Foot Locker, too
Have seen sales that just won't do
Gloomy outlooks suggest, this year's holiday season won't be so well dressed
No joyful spending, this would oft rend
We all wish for better days ahead

#retail #holidayseason #spending #usretail #poetry

https://www.reuters.com/markets/us/gloomy-us-retail-outlook-dulls-hopes-strong-holiday-season-spending-2023-08-23/

Gloomy U.S. retail outlook dulls hopes of strong holiday season spending

Latest results and forecasts from retailers ranging from Macy's <a href="https://www.reuters.com/markets/companies/M.N" target="_blank">(M.N)</a> to Foot Locker <a href="https://www.reuters.com/markets/companies/FL.N" target="_blank">(FL.N)</a> are fresh signs that U.S. consumer spending is under stress heading into the second half of the year.

Reuters
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#HeidiKlum #FTA2023 #Fashion #USRetail #Fashionista #TopModel #USRC
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