BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation.
WASHINGTON (AP) — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans' ability to keep ramping up spending even as inflation persists at nearly a 40-year high.
The increase was driven by greater sales of cars, electronics, and at restaurants, the Commerce Department said Tuesday.
BANGKOK (AP) — Myanmar’s military government has denied the country is suffering from a shortage of fuel after rumors about low supplies of gasoline and diesel led to panic buying and long queues at service stations in several cities.
BEIJING (AP) — Chinese leaders face pressure to shore up sinking economic growth after Shanghai and other cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing.
NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers' wallets.
Retail sales increased 0.5% after registering a revised 0.8% increase from January to February, reported the U.S.
RICHMOND, Va. (AP) — Virginia Gov. Glenn Youngkin has proposed substantial changes to a hemp bill aimed at reining in the retail sales of products containing a psychoactive form of THC, including amendments that would create new misdemeanor penalties for marijuana possession.
NEW YORK (AP) — After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.
RICHMOND, Va. (AP) — Republicans in the Virginia House blocked a measure Monday that would have allowed limited retail sales of recreational marijuana to begin later this year.
On a 5-3 party-line vote, the subcommittee voted to continue to 2023 the measure that had cleared the Democrat-controlled Senate earlier this month, effectively defeating it.
U.S. shoppers are giving plant-based burgers a pass.
Plant-based meat company Beyond Meat said Thursday that its sales dropped in the fourth quarter due to weak U.S. retail demand. It was the third quarter in a row that the company's U.S.
NEW YORK (AP) — Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation.
RICHMOND, Va. (AP) — Newly empowered Republican lawmakers in Virginia who opposed legalizing simple possession of marijuana say they don’t want to scrap the law, but they do want to make significant changes.
Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending.
Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials and supply chain delays.
A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week.
The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down about 1% earlier in the day.
NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
NEW YORK (AP) — Americans slowed their spending from October to November but continued shopping ahead of the critical holiday season, brushing off rising prices and shortages.
Retail sales rose a modest, seasonally adjusted 0.3% in November compared with the previous month when sales jumped 1.8%, the U.S.
BEIJING (AP) — China reported Wednesday that its economy slowed in November, buffeted by coronavirus outbreaks, weak demand and supply chain disruptions.
Retail sales were weaker than in October and inflationary pressures are complicating efforts to boost growth at a time when tighter limits on borrowing by developers are crimping construction and sales in the all-important property sector.
ALBANY, N.Y. (AP) — More than 400 towns and villages across New York have opted to block local marijuana dispensaries and consumption lounges as a statewide deadline to do so nears, with many officials deciding to stay out of the upcoming market until regulators provide more clarity.
Plant-based meat maker Beyond Meat reported lower-than-expected sales in the third quarter due to a slump in U.S. demand.
Beyond Meat said its sales increased 12.7% to $106.4 million for the July-September period.
BEIJING (AP) — China’s economic rebound from the coronavirus pandemic is stalling as President Xi Jinping’s government cracks down on surging corporate debt.
For a decade, the ruling Communist Party has talked about shifting to economy based on spending by 1.4 billion consumers instead of on building factories and apartments.
BEIJING (AP) — China’s economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its trading partners and global financial markets.
NEW YORK (AP) — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.
Asian shares were mostly higher on Thursday after a mixed trading session on Wall Street.
Tokyo’s Nikkei 225 index fell 0.4% after the release of disappointing factory and retail sales data. Shares also fell in Hong Kong but other regional benchmarks advanced.
NEW YORK (AP) — Americans continued to spend at a brisk pace last month in the face of rising COVID-19 infections, though much of it was done online and not at restaurants or other sectors in the U.S.
Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected.
Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney.
Japan reported that its exports rose 26.2% in August from a year earlier, but that was well below forecasts for a rise of about 34.0%, Marcel Thieliant of Capital Economics said in a commentary.
BEIJING (AP) — Asian stock markets rebounded Wednesday after Wall Street fell on weak retail sales as investors awaited an update from the Federal Reserve on possible plans to reduce U.S. stimulus.
NEW YORK (AP) — Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores.
Retail sales fell a seasonal adjusted 1.1% in July from the month before, the U.S.
BEIJING (AP) — China’s economic growth will soften this year due to summer flooding and anti-coronavirus controls, an official said Monday, after consumer sales and other activity weakened in July.
SINGAPORE (AP) — Asian stock markets were mixed Friday ahead of more regional economic releases that could hint at how the delta variant is affecting growth.
TOKYO (AP) — Toyota reported Wednesday a record 897.8 billion yen ($8.2 billion) profit for the fiscal first quarter, underlining the Japanese automaker’s resilience even amid the coronavirus pandemic.
Americans spent more last month on clothing, electronics and dining out as the economy opened up and pandemic-related restrictions were lifted.
Retail sales rose a seasonal adjusted 0.6% in June from the month before, the U.S.