Tag Archives: retail

The cost of eggs stood out in Thursday’s CPI report — rising 59.9% year-over-year and 11.1% month-over-month from November to December. This marked the largest monthly increase since April 2020 and the largest annual jump since September 1973, according to Steve Reed, an economist at the Bureau of Labor Statistics (BLS). Eggs, he said, single-handedly brought up the cost of groceries in December, which rose 0.2% month-over-month. “If you sort of removed eggs, if you took eggs out of [the… Source link

[unable to retrieve full-text content]BigCommerce launches Microsoft Ads collaboration  Power Retail Source link

A version of this article first appeared in the Yahoo Finance Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Macy’s (M) dumped some bad news on Friday evening. Management teams for public companies will sometimes think it’s clever trying to bury bad news into a weekend in hopes investors will forget it before the opening bell on Monday. The lame tactic rarely works. So let’s break down this textbook news dump Macy’s pulled on… Source link

The Grinch might be a short-seller this Christmas season. Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure. In early afternoon trading, shares of Macy’s (M) were off 3.9%, while shares of Target (TGT) and Abercrombie & Fitch (ANF) were down more than 4%, among other notable names underperforming in… Source link

U.S. stocks descended Thursday morning as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by central bank officials across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE’s hike brought rates in the country to their highest since 2008. The S&P 500 (^GSPC)… Source link

Individual investors piled into Tesla (TSLA) on Tuesday, seeing the recent drawdown in shares of the electric vehicle giant as a dip-buying opportunity for their favorite stock. Tesla was the most popular buy among retail traders in Tuesday’s session, according to data from VandaTrack — even as the company missed out on a rally across the broader indexes following a lighter-than-expected inflation report. Shares of Tesla slid 4.1% on Tuesday to close around $161, while the S&P 500, Dow, and… Source link

Online brokerage Robinhood (HOOD) is rolling out retirement accounts for users of its mobile app, a move that comes as the retail trading frenzy that lifted the company’s fortunes last year fades. Robinhood will offer customers a 1% match on its traditional or Roth IRAs, the company said Tuesday. Users can start investing on deposits of up to $1,000 before contributions settle into their accounts. The launch brings Robinhood closer to competing more directly with established brokerages like… Source link

Google is shutting down Duplex on the Web, its AI-powered set of services that navigated sites to simplify the process of ordering food, purchasing movie tickets and more. According to a note on a Google support page, Google on the Web and any automation features enabled by it will no longer be supported as of this month. “As we continue to improve the Duplex experience, we’re responding to the feedback we’ve heard from users and developers about how to make… Source link

Private equity giant Apollo Global bought Verizon Media—a group that includes Yahoo Finance, Yahoo Sports, AOL, TechCrunch, Engadget, and Autoblog—in May 2021 for $5 billion. Now its revenue strategy for those properties is becoming clearer. Axios reports that Apollo plans to offer sports betting through Yahoo Sports, and retail stock trading on Yahoo Finance. There are signs it will also look at adding crypto trading.  In the summer of 2021, shortly after announcing it would acquire… Source link

Yahoo execs want to build a retail trading platform in an effort to bolster growth, Axios reported. Yahoo reported $7.1 billion in full year revenues in 2020. Yahoo is mulling plans to launch a stock trading platform to bolster growth, mounting an effort to become the Bloomberg for retail investors, Axios reported Tuesday. Yahoo, which was acquired by private-equity giant Apollo Global Management, has a slew of initiatives in mind to expand its commerce and transactions businesses. (Apollo… Source link