Retail sales rose last month, and several companies reported strong earnings. But discounts seemed to drive a significant portion of purchases.
Tag: Company Reports
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Stocks Jump on Hopes of Lower Inflation
Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
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On Alibaba’s Singles Day, Shopping Baskets Are Filled With Chinese Brands
As geopolitical and economic pressures mount, homegrown businesses are increasingly the preferred choice over Western competitors in a more insular China.
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Adidas Lowers Earnings Forecast After Dropping Kanye West
The German sportswear company slashed its yearly forecast after dropping the popular Yeezy line over hate speech by its creator, Kanye West.