The numbers: Sales at U.S. retailers fell in April for the second time in three months, reflecting declines in most major segments including autos, home centers and Internet stores.
Retail sales dropped 0.2% last month, the government said Monday. Economists polled by MarketWatch expected sales to climb 0.1%. What happened: Receipts fell 1.1% at auto dealers after a decline in sales of new cars last month. Sales also declined 1.3% for electronic stores and 1.9% at home and garden centers.Sales jumped 1.8% at gasoline stations, reflecting higher prices at the pump.
Big picture: The latest look at retail sales suggests that Americans remain cautious. Consumer spending in the first quarter was the weakest in a year.Market reaction: The Dow Jones Industrial Average DJIA, +0.82% and S&P 500 SPX, +0.80% were set to open lower in Wednesday trades. Stocks rose the day before to break a string of deep losses after trade talks between the U.S. and China broke down and spurred another round of tariffs.The 10-year Treasury yield TMUBMUSD10Y, -2.01% fell to 2.38%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China auto sales fall 14.6% on year in April, 10th month of declineVehicles sales in China, the world's largest auto market, fell 14.6% in Apr... はっはっはヽ(・∀・)笑笑 We love it!!! itamargalit תקרא זה עשוי לעניין אותך.
Source: Reuters - 🏆 2. / 97 Read more »
China's retail sales growth falls to 16-year low as trade war risks riseChina on Wednesday reported surprisingly weaker growth in retail sales and indus... 😆 Then automation of robotics instead of the person in the image projected Lets hope it falls to 0
Source: Reuters - 🏆 2. / 97 Read more »
China's retail sales growth slumps to 16-year low as trade war risks riseChina reported surprisingly weaker growth in retail sales and industrial output ... We have all the chips we have to push them into the pot .You can't win with scared money The Chinese should avoid producing Low-Tech goods. Cheap products are causing saturation of the Chinese market. There still pumping out masses of waste into Atmosphere. And muggins as got to separate the bin bags 🙄
Source: Reuters - 🏆 2. / 97 Read more »
China April industrial output cools, retail sales growth falls to 16-year low as trade risks riseChina April industrial output cools, retail sales growth falls to 16-yr low as trade risks rise
Source: Reuters - 🏆 2. / 97 Read more »
Jeffrey Katzenberg's Quibi has poached a key Snap ad sales exec as it ramps up its pitch to big brands like P&G and Anheuser-BuschThe planned mobile video-streaming company poached Marni Schapiro, Snap's former director of sales for retail, as its head of North America ad sales.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Obituary: Les Murray died on April 29thAustralia’s greatest modern poet, a political controversialist, was 80
Source: TheEconomist - 🏆 6. / 92 Read more »
China's food inflation rose 6.1% in April as pork prices spikedChina's April consumer inflation was in line with expectations, but a spike in pork prices contributed to higher food prices, the National Bureau of Statistics data showed on Thursday. Kind of a ham-handed headline. Bad news is Pork prices has yet spiked
Source: CNBC - 🏆 12. / 72 Read more »
From the border, more frustrating immigration numbers for President TrumpUnauthorized crossings topped 100,000 for second month in a row in April, defying Trump demands for “toughness.” Send them to Nancy and Chuck ! Fahrenthold They heard Trump properties had new openings.
Source: washingtonpost - 🏆 95. / 72 Read more »
US government records $160.3 billion April surplusThe federal government recorded a $160.3 billion surplus in April as revenues for the month jumped to an all-time high. But even with a flood of tax receipts, the deficit so far this year is running 37.7% higher than a year ago. RealSurplusOrTrumpSurplus? So its Spending Not income So the Tax cut is working We just need to cut our spending We're working that out.
Source: ABC - 🏆 471. / 51 Read more »
Border Patrol arrested nearly 99,000 migrants in AprilBorder Patrol arrested nearly 99,000 migrants last month — a number that the agency’s chief said is “off the charts compared to recent years” Bullshit. Let them prove it. Then Politico must verify. Yes, when you arrest people legally seeking asylum, the numbers tend to grow. The next step is military intervention. We're that close now.
Source: politico - 🏆 381. / 59 Read more »
U.S. border agents apprehended nearly 100,000 people at southern border in April: dataU.S. border officers apprehended nearly 99,000 people crossing the U.S. southern... Legally or illegally apprehended? Dem Dems don’t care... That's one month. But, it's not an emergency.
Source: Reuters - 🏆 2. / 97 Read more »