Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 17, 2021 Weather, checks, and comps. Some market watchers may have been shocked by Tuesday morning’s February retail sales report. The headline data showed sales fell 3% last month, the fifth-largest month-on-month decline dating back to 1992, according to data from Bespoke Investment Group. The only two worse months for retail sales declines came in 2008 and 2020 during the… Source link
Read More »How Bitcoin Could Be Affected by February’s Positive Jobs Report
Jobs in the U.S. rose by 379,000 in February, far above the general consensus of 185,000 to 200,000 jobs, coming in much better than January or December’s report. The U.S. added a revised 117,000 out of 105,000 expected jobs in January and lost a revised 306,000 jobs in December. In February the unemployment rate fell from 6.3% to 6.2%. Related: Soaring Prices for Enjin, FLOW and Rarible Reveal Risks of ‘NFT Marketplace’ Tokens The positive report could create more volatility in the U.S…. Source link
Read More »