Two weeks into the new year, a report of retail decline was another stroke in a patch of turbulent recession as monetary policy makers and the government acknowledge the imperfections and work to fashion a portrait of economic recovery.
Retail sales fell 2.7 percent in December to $343.2 billion compared to November and down 9.8 percent below December 2007, the Commerce Department reported on Wednesday.
Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however
Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
Staples Inc., the world's largest office-supplies retailer, posted record first-quarter sales of $4.9 billion on Tuesday and stood by its 2008 outlook, despite its warning of continued economic weakness throughout the year.
J Sainsbury said on Wednesday that its total retail sales for the full year to 22 March 2008 had risen 5.8 per cent to £19,287 million. The supermarket chain said that like for like sales were up 3.9 per cent.
The dollar gained against the euro and yen on Wednesday after reports of better than expected retail sales in the U.S. and comments from a Federal Reserve official boosted the currency's strength.
Copper prices fell slightly on Tuesday as the dollar rallied against the euro on better U.S. retail sales data, but prices may rise on supply concerns from South America.
Gold fell the most in two weeks on Tuesday as the U.S. dollar rebounded against the euro, hindering the investment demand for the precious metal.
Dollar rose against the Euro on Friday after Citigroup's results sparked hope that the worst of the credit crisis has passed.
U.S. retail sales of video games soared by 57 percent to $1.7 billion in March led by Nintendo's games and systems.Video game hardware and software sales, in March, were $1.7 billion with Nint...
The dollar fell against the Euro yesterday as a sharp fall in housing starts reinforced expectations that U.S. interest rates would be cut again.The dollar...
The dollar rose against the euro yesterday as surprisingly robust U.S. inflation and manufacturing data suggested the Federal Reserve may be less aggressive in cutting interest rates.
The dollar weakened against the Euro on Monday on renewed concerns about the economy.The dollar weakened against the Euro on Monday on renewed concerns abo...
U.S. Treasurys fell in price on Monday after more news of banks in crisis were offset by a government report showing slightly higher retail sales in March.
U.S. copper futures closed down erasing earlier gains on Thursday as investors worry that an economic recession in the United States could reduce demand for the metal.
U.S. stocks gained for the second day this week, with the Dow Industrials recovering from a steep 235 drop, after Standard & Poor's predicted banks might end its subprime mortgage write downs and gold soared over the $1,000 an ounce benchmark.
The Fairtrade Foundation has said that retail sales of the ethical Fairtrade brand jumped 81 per cent last year to £493 million.
College student Li Aihua wears his tattered, grungy Li Ning basketball sneakers with pride.
Crude futures climbed nearly $2 on Thursday as economic data from Japan and the U.S. diminished worries about a worldwide recession. Prices were also supported by supply concerns.
Crude oil prices rose slightly on Wednesday after a government report showed an increase in U.S. retail sales, relieving fears of an economic recession and lower demand.
The dollar rose to its highest level against the yen on Wednesday after a government report indicated that retail sales in the U.S. rose more than expected, easing concerns about the likelihood of a U.S. recession.
