by Bloomberg.com | Aug 30, 2024 | alerts, Markets/Economy
Dollar General’s results disappoint, dragging down Dollar Tree Walmart hit the sweet spot with shoppers, JonesTrading says August was a blowout month for Walmart Inc. — and a disastrous one for some of its discount-chain competitors — as consumers rein in spending....
by Bloomberg.com | Aug 30, 2024 | alerts, Markets/Economy
Government spending, investment ex-inventories drive growth Household consumption softens as Canadians feel rates pinch Canada’s economy grew more than expected in the second quarter, but falling per-capita gross domestic product and softening household consumption...
by Bloomberg.com | Aug 30, 2024 | alerts, Markets/Economy
Growers hunt for bargains as weaker incomes prompt cost cuts BigIron Auctions has biggest-ever offering of used equipment Fancy new technology usually is the star at trade shows. But at the Farm Progress Show, the largest outdoor agriculture event in the US, used...
by Bloomberg.com | Aug 30, 2024 | alerts, Markets/Economy
Germany’s banks are starting to feel the pinch from the stagnating economy. Risk provisioning by the country’s largest lenders rose almost 50% in the first half of the year, with many banks saying that loans to companies and consumers in trouble were a big part of the...
by Bloomberg.com | Aug 29, 2024 | alerts, Markets/Economy
Retailer slashes 2024 forecasts for comparable sales, earnings Company’s shares sink 32%, biggest decline since 2009 IPO Dollar General Inc. shares plummeted the most on record after the discount retailer reduced its full-year sales forecast. Its chief executive...
by Bloomberg.com | Aug 29, 2024 | alerts, Markets/Economy
Index of contract signings decreased 5.5% to 70.2 in July Falling mortgage rates should spur more sales, NAR said A gauge of pending US sales of existing homes sunk in July to the lowest level on record, as high prices and borrowing costs continue to scare buyers...
