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Friday, July 27, 2012, 5:10 AM
The SEC and Department of Justice are considering starting an investigation of the retail sector for possible breaches of the anti-foreign bribery law, Reuters reports. The deliberations follow allegations about Wal-Mart's (WMT) practices in Mexico, and after other unnamed retailers reported possible offenses by their employees.
7 Comments[Consumer, Top Stories]
Monday, April 16, 2012, 12:42 PMRetail sales are up 6.5% Y/Y and at an annualized rate of 10.4% in Q1, writes Brian Wesbury, taking a closer look at this morning's report. Excluding autos, gas, and building materials, annualized sales are up 8.1% in Q1, showing the gains are broad-based. It can't all just be about the weather?
7 Comments[U.S. Economy]
Friday, March 16, 2012, 10:21 AM
Taking its signal from rising bond yields, HSBC suggests cyclicals will outperform as higher rates are a sign nominal demand is rising. The main casualties: healthcare and consumer staples. As for being a threat to the entire market, HSBC believes this is only true at real yields above 4% (they're negative now), but "a sharp rise in bond yields is a threat from whatever level."
Comment![Quick Ideas, U.S. Economy]
Tuesday, January 10, 2012, 8:02 AMICSC Retail Store Sales:-5.4% W/W, vs. +1.2% last week. It's the largest weekly decline in data going back to 1989. +2.8% Y/Y, vs. +5.3% last week. Warm weather, and its negative effect on seasonal goods, is apparently behind the fall; weak consumer sentiment isn't mentioned.
6 Comments[Consumer, U.S. Economy]
Tuesday, December 27, 2011, 4:30 AMOnline shopping jumped 16.4% on Christmas from the year before, according to data released by IBM, while the dollar value of purchases made on mobile devices jumped 172.9%. In fact, nearly 7% of all online purchases on Christmas Day were made using iPads. The uptick was poised to continue yesterday, though final data isn't yet available.
Comment![Consumer, Tech]