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By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation in economic growth early in the third quarter. The weak sales reported by the Commerce Department on Tuesday also reflected a plunge in online purchases, payback after Amazon pulled forward its Prime Day to June from July. With the school year getting into full swing later in August and most education districts reverting to… Source link

Walmart (WMT), the world’s largest retailer, reported better-than-expected second-quarter revenue and sales results, driven by store traffic and stimulus check spending that bolstered its footprint in grocery sales in the face of surging COVID-19 infections nationwide. Here are the results versus the estimates, according to Bloomberg: Adjusted EPS: $1.78 v. $1.57 estimate Revenue: $141 billion v. $136.88 billion Walmart U.S. comp-store sales (excluding gas): 5.2% v. 3.12% estimate Walmart U.S…. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 17, 2021 No skills? No degree? You’re hired.  The hiring logjam showed some signs of easing in July.  But companies in the trenches trying to match labor demand and supply still see a market that continues to be imbalanced — and tilted heavily towards those looking for work.  “No matter what source you use right now,… Source link

Russia’s answer to Google is now branching out by bringing Yandex.Maps to your in-car Android Auto head unit. We’ve seen a whole host of navigation alternatives to Google Maps come to Android Auto over the past few months with the likes of Waze and TomTom providing sensible third-party options. According to Android Police, Yandex.Maps is now available on Android Auto provided you’re based in Russia. They note that you can’t even test it even when trying to spoof your location… Source link

Bob Dylan is being accused of sexually abusing a 12-year-old girl in 1965, according to a new lawsuit filed Friday. The “Like a Rolling Stone” singer/songwriter, 80, whose real name is Robert Zimmerman, allegedly groomed, sexually abused and threatened physical violence against the plaintiff, identified only as “J.C.” in the court documents. The alleged abuse occurred multiple times over a six-week period between April and May 1965, with some incidents occurring in his Chelsea Hotel apartment… Source link

The crypto community — but most of all, the Bitcoin (CRYPTO: BTC) community — is pointing out the disastrous consequences of the Richard Nixon administration’s decision to take the dollar off of the gold standard in 1971, exactly 50 years ago. What Happened: The Bitcoin community caused the #wtfhappenedin1971 hashtag to go viral on Twitter Inc.(NYSE: TWTR) to attract public attention to the damage that fiat money has done to the world’s economy. A website dedicated to sharing data of the… Source link

(Reuters) – Californian pot producer TPCO Holding Corp, better known as Parent Company, beat estimates for quarterly revenue on Monday as demand surged for weed-infused products during the pandemic. The Jay-Z-backed company also said Clorox Co executive Troy Datcher would replace Steve Allan as its chief executive officer, without giving a reason for the change. Formed earlier this year with the merger of a blank-check firm and three Californian cannabis companies, TPCO sells edibles, vape… Source link

Google Maps is generally pretty darn great, but it’s always good to have alternatives. There have been a variety of new navigation tools for the Android Auto system over the last few months, including Waze, TomTom, and Gaia, all taking advantage of new third-party API options. The latest is Yandex.Maps, the popular mapping app from Russia-based Yandex. The Android Auto functionality may have been active earlier this month with version 10.5.0 of the app. But the new addition has now… Source link

(Bloomberg) — Roblox Corp., the developer of a video-game platform that’s widely used by preteens, fell as much as 7.8% in late trading after reporting second-quarter bookings that missed Wall Street estimates. Bookings, a measure of sales, rose to $665.5 million, the San Mateo, California-based company said Monday, missing the $683.3 million average of analysts’ estimates. In July, daily active users rose 8% from the prior month to 46.6 million. Roblox doesn’t provide forecasts. To… Source link

The Epic Games logo, maker of the popular video game “Fortnite”, is pictured on a screen in this picture illustration August 14, 2020. REUTERS/Brendan McDermid/Illustration/File Photo Law firms Related documents The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) – If… Source link