Latest Retail sales News

Asia stocks mixed after Wall St gain, Powell warns on rates

May. 17, 2022 23:33 PM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation. Shanghai and Hong Kong declined. Tokyo and Seoul advanced. Oil prices rose to stay above $110 per...

Retail sales rise 0.9% in April as consumers show resilience

May. 17, 2022 11:13 AM EDT

WASHINGTON (AP) — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans' ability to keep ramping up spending even as inflation persists at nearly a 40-year high. The increase was driven by greater sales of cars, electronics, and at restaurants, the...

US retail sales rise 0.9% in April in sign of consumer resilience amid high inflation

May. 17, 2022 08:38 AM EDT
WASHINGTON (AP) — US retail sales rise 0.9% in April in sign of consumer resilience amid high inflation.

This Week: US retail sales, home sales, Deere & Co. earns

May. 16, 2022 00:17 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SIZING UP RETAIL SALES The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday. Economists predict sales at restaurants, shops and other...

Tax cut for California pot industry: Too little, too late?

May. 13, 2022 18:32 PM EDT

LOS ANGELES (AP) — California's governor on Friday proposed a temporary tax cut for the state's struggling legal marijuana industry, but businesses said it falls far short of what’s needed to revive a foundering pot economy. Broad legal sales began in California in 2018, but the...

New Hampshire Senate rejects 2 marijuana legalization bills

Apr. 28, 2022 16:08 PM EDT

CONCORD, N.H. (AP) — The New Hampshire Senate on Thursday rejected two marijuana legalization bills, one that would’ve created a state-run monopoly for retail sales and another more modest plan to allow small-scale personal use and home cultivation of the drug. Both bills...

Myanmar military government denies rumors of fuel shortages

Apr. 19, 2022 23:17 PM EDT

BANGKOK (AP) — Myanmar’s military government has denied the country is suffering from a shortage of fuel after rumors about low supplies of gasoline and diesel led to panic buying and long queues at service stations in several cities. Some gasoline stations in Yangon shut down...

China's economy grows still-weak 4.8% in January-March

Apr. 18, 2022 04:41 AM EDT

BEIJING (AP) — Chinese leaders face pressure to shore up sinking economic growth after Shanghai and other cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing. Growth slid to 1.3% over the previous quarter in the first three months...

Retail sales rise 0.5% in March amid soaring inflation

Apr. 14, 2022 11:55 AM EDT

NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers' wallets. Retail sales increased 0.5% after registering a revised 0.8% increase from January to February, reported the U.S. Commerce Department...

Retail sales in March rise 0.5% despite inflation continuing to soar on higher food and gas prices

Apr. 14, 2022 08:36 AM EDT
NEW YORK (AP) — Retail sales in March rise 0.5% despite inflation continuing to soar on higher food and gas prices.