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The balance of retail sales in July fell to a plus 20 points from a 9-month high of plus 32 points in June, marking the second strong month thanks to warm weather, which continued to support retail sales. This was reported by the Confederation of British Industry. The decline in the balance in June was slightly less than the expectations of the economists. Nevertheless, the CBI economist Alpesh Paleha said: “While warm weather has increased retail sales in recent months, we can observe some signs of cooling, with orders declining for the year to July, and retailers do not expect sales to increase next month”.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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