Highlights for the Week: U.S. Inflation and Consumer Spending
This week, the focus of attention for markets and economists will be on the U.S. November inflation figures and the latest update on consumer spending before the holiday season. Federal…
Aritzia Reports Strong Sales Despite Challenging Retail Environment
Aritzia, the Canadian retailer, has announced higher sales in its fiscal third quarter, defying the difficult retail climate. The company's shares soared nearly 19% in early trading, reaching 31.47 Canadian…
Target Stock Struggles Amidst Retail Downturn
Target stock continues to face challenges as major indexes make headway on Monday. Currently, the stock is down 3% at $119.40, marking a decline of over 6% since the beginning…
Best Buy’s Earnings: Are Consumers Ready to Splurge on Electronics?
The upcoming earnings report from Best Buy is highly anticipated, as it will shed light on whether consumers are finally ready to invest in new consumer electronics. With the current…
The Challenge of Consumer Spending Strength
Persistent strength in consumer spending has posed a significant challenge for the Federal Reserve in its efforts to quell inflation. The upcoming release of the June retail sales report is…