Retail/Wholesale, Building Materials/Products, Real Estate/Construction, Retail, Financial Performance, Earnings, Sales Figures, Corporate/Industrial News, Supply Chain, Economic Performance/Indicators

Retail/Wholesale, Building Materials/Products

U.S. Retail Spending Fell 1.3% in May

Supply-chain disruptions and business reopenings are triggering a consumer spending shift from goods to services.

6/15/2021 3:34:00 PM

Retail spending fell 1.3% in May. Supply-chain disruptions and business reopenings are triggering a consumer spending shift from goods to services.

Supply-chain disruptions and business reopenings are triggering a consumer spending shift from goods to services.

Vehicles, however, are in short supply asa global computer-chip shortagehas left car dealers with a dearth of inventory. As a result, auto sales likely fell last month. “If you don’t have products, you’ve got nothing to sell and that means lower revenues,” said Beth Ann Bovino, chief U.S. economist at S&P Global Ratings.

Biden challenges UN to act together on pandemic, climate change Daniel Craig Says James Bond Shouldn't Be Played By A Woman India seizes $2.7 bln Afghan heroin haul amid Kabul takeover chaos Read more: The Wall Street Journal »

Gavin Newsom holds onto his job as California governor, CNN projects

California's Democratic Gov. Gavin Newsom has defeated the effort to remove him from office, according to a projection from the CNN Decision Desk, capping off a recall effort that was born in partisan anger over his pandemic response but ended with a vote of confidence in his strategy to combat it.

Good luck eating “services.” People are finally waking up and staring to fix things themselves again. Maybe this is a good thing. Learn to use your tools again people. Still waiting on pandemic relief checks for the people. thanks Ohh so now the FED can continue to inflate asset bubbles in eternity right?

Auto-Supply Pinch Likely Held Back Retail Spending in MayEconomists estimate that shoppers spent more on other items and at restaurants as pandemic-related restrictions eased last month.

Washington Prime Ch. 11 Marks New Uncertainties for RetailThe mall REIT’s bankruptcy included a prepared restructuring proposal, but the process will also test retail’s uncertain value in a pandemic.

Abigail Spencer’s Flower-Delivery Service Opens First Retail SpaceIn time for Father’s Day, actress-producer Abigail Spencer’s County Line Florals flower-delivery service has opened its first retail space at Free Market, a new collective of shops in P… abigailspencer amore mio!💗 The flowers are beautiful. Sad they can ship to Canada. Congratulations to Abigail Spencer.💐

S&P 500, Nasdaq seen adding slightly to records, as investors await retail sales and producer inflation reportsU.S. stocks are indicated to see muted moves Tuesday, with the S&P 500 and Nasdaq Composite inching toward further records, as investors await a report on...

Auto-Supply Pinch Likely Held Back Retail Spending in MayEconomists estimate that shoppers spent more on other items and at restaurants as pandemic-related restrictions eased last month.

Global, U.S. Ad Spending to Hit Records on COVID Rebound: ForecastThe economic recovery from the coronavirus pandemic will lead to a record 14 percent gain in global advertising spending this year to a record $657 billion, according to the latest forecast from me…