Tag Archives: retail

Trump acts on health care; Bank earnings; Retail sales

Click chart for more in-depth data. 1. Bank bonanza: Earnings season is now in full swing, with investors hearing from three big American banks on Friday. Bank of America(BAC), PNC(PNC) and Wells Fargo(WFC) are all set to publish their quarterly results before the open. Wells Fargo is expected to report healthy profits, but CEO Tim Sloan is likely to face tough questions about the bank’s account fraudscandal. The controversy has spooked investors: while its competitors’ shares have posted double digits gains this year, Wells Fargo has remained flat. It’s a ...

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Retail marijuana is spreading to California, Massachusetts and Maine

Will recreational marijuana soon be legal nationwide? The mainstreaming of marijuana is about to get huge boost. Recreational marijuana sales will launch in three states next year, including the biggest one of all: California. It’salready for sale in five states, but the addition of a legal retail marijuana market in California, with its massive economy and population, will dramatically change the landscape. California is aiming to open retail marijuana stores by January 1, Massachusetts and Maine plan to open stores next summer. “We obviously still have a lot to do, ...

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Harvey aftermath; Jobs report; Round 2 of NAFTA talks; Retail earnings

Hurricane Harvey: Gas prices will spike as refineries shut down 1. Harvey aftermath: Tropical Storm Harvey pummeled southeastern Texas this weekend, killing at least two people and bringing “catastrophic” flooding to the coastal region. Investors are now trying to measure the impact of the devastation on the region’s economy. The storm forced the evacuation and shutdown of several refineries, sending gas prices up. Corpus Christi port personnel are working to assess the damage. Texas residents, especially those without flood insurance, are now grappling with the financial burden of rebuilding their ...

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NAFTA talks begin; Retail earnings; Consumer confidence

NAFTA explained 1. NAFTA talks begin: The first round of talks to renegotiate the North American Free Trade Agreement are set to begin on Wednesday and last through Sunday, August 20. President Trump promised to change the terms of the trade pact between the United States, Canada and Mexico during his campaign. He blamed NAFTA for moving manufacturing jobs to Mexico and has called it “the worst trade deal maybe ever signed anywhere.” But nonpartisan congressional research found in 2015 that NAFTA did not lead to mass job loss. The ...

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Retail Listings, Prices for AMD’s Vega Frontier Editions Appear

When AMD announced that it would launch its upcoming Vega GPU for professional markets before bringing it to the consumer space, would-be customers were somewhat less than thrilled. We now know that the GPU will launch for consumer products in July, with the professional Radeon Vega Frontier Edition available in June. Thanks to SabrePC, which briefly had price listings attached to the GPUs, we know the air-cooled variant will cost $ 1,199, while the water-cooled card will be $ 1,799. That’s a $ 600 price difference for two cards that ...

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Retail Listings, Prices for AMD’s Vega Frontier Editions Appear

When AMD announced that it would launch its upcoming Vega GPU for professional markets before bringing it to the consumer space, would-be customers were somewhat less than thrilled. We now know that the GPU will launch for consumer products in July, with the professional Radeon Vega Frontier Edition available in June. Thanks to SabrePC, which briefly had price listings attached to the GPUs, we know the air-cooled variant will cost $ 1,199, while the water-cooled card will be $ 1,799. That’s a $ 600 price difference for two cards that ...

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Retail bloodbath: Bankruptcy filings pile up

America’s top retailers in trouble Bankruptcies continue to pile up in the retail industry. More then 300 retailers have filed for bankruptcy so far this year, according to data from BankruptcyData.com. Most of those filings were for small companies — the proverbial Mom & Pop store with a single location. But there are also plenty of household names on the list. Most of these stores are suffering from the same thing: A shift away from traditional storefronts to online shopping. Not all of these chains will eventually go out of ...

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Health care bill gets score; retail earnings; celebrity commencement speeches

What’s in the Republican health care bill 1. The health care bill gets scored. The non-partisan Congressional Budget Office is set to release on Wednesday its score of the revised version of the American Health Care Act, which was passed by House Republicans earlier this month. The report could have a huge impact on efforts to get a version of the bill passed in the Senate, where a much slimmer majority exists for the Republicans. Earlier this year, a damning report from the CBO helped sink the first version of ...

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Robots could wipe out another 6 million retail jobs

Is the mall dead? Robots have already cost millions of factory jobs across the nation. Next up could be jobs at your local stores. Between 6 million to 7.5 million existing jobs are at risk of being replaced over the course of the next 10 years by some form of automation, according to a new study this week from by financial services firm Cornerstone Capital Group. That represents at least 38% of the current retail work force, which consists of 16 million workers. Retail could actually lose a greater proportion ...

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More retail earnings; SpaceX launch; Facebook's IPO-versary

America’s top retailers in trouble 1. More retail earnings: Walmart, Gap and Target are all announcing earnings this week. In the previous quarter, Walmart’s online sales grew faster than Amazon’s — a veritable coup for the brick and mortar mainstay. It’s not clear how much money it made off its digital business, but online growth is promising and reflects Walmart’s efforts to grow digitally: It bought online retailer Jet for about $ 3 billion last year, and ShoeBuy in January. Walmart’s also been expanding its online grocery business in an ...

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