Here's a look at how three retail related ETFs are tracking year-to-date, according to Yahoo Finance. However, internet retailers and restaurants were up. The Commerce Department said retail sales slipped 0.1 percent last month instead of falling 0.3 percent as previously expected.
For the month, some retail categories saw better sales than others. Gasoline station sales are up 7.9% since February 2017. Excluding automobiles, gasoline, building materials and food services, retail sales edged up 0.1 percent last month after being unchanged in January. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Overall consumer spending reflects more than two-thirds of economic demand in the U.S. The dollar initially firmed against a basket of currencies before giving up gains to trade little changed. USA stock index futures slightly extended gains. "With consumer confidence and employment growing, economic fundamentals are favorable for spending to expand in the coming months". GDP growth estimates for the January-March quarter are about a 2% annualised rate. For comparison, the USA economy grew by 2.5% in the fourth quarter of past year, with the government expected to release its third GDP estimate later this month. The economy created 313,000 jobs in February. He also noted that federal income tax filing season for 2017 had a relatively late start, so people may be spending refunds later in the year.
Meantime, prices at the wholesale level increased 0.2% in February from the month before, according to a separate Labor Department report, as analysts were expecting a 0.1% rise, following a 0.4% hike in January.
There were also declines in sales at furniture stores, health and personal care stores and electronics and appliance stores.
GKN rejects Melrose's new £8.1bn offer
Melrose said the new offer (81 pence plus a 1.69 new Melrose share for each GKN share) won't be increased under any circumstances. It is not following up on any proposals because management remains focused on turning the business around, it said.
But there were some pockets of strength. Gas sales were down 1.2 percent for the month, but up 7.9 percent for the year, since gas prices are generally higher now than a year ago.
The revenue in clothing stores increased by 0.4%, and online retailers increased by 1%.
Excluding food and energy costs, the core PPI also rose 0.2% in February and increased 2.5% over the past 12 months. The increase in underlying wholesale prices supports views that consumer inflation will pick up this year.
Economists believe that a tightening labour market, weak dollar and fiscal stimulus from the tax cuts and increased government spending will lift inflation towards the Fed's 2% target in 2018.
There are plenty of places to get some low-priced pie in the Seattle area on Pi day , celebrated predictably on March 14. For some lucky couples getting married on Pi Day, &pizza is throwing free weddings at their restaurants in four cities.
The family claim doctors at Jhansi Medical College amputated his leg and then placed it under his head as a pillow. Relatives of Ghanshyam Singh have alleged that doctors were the ones to place the foot under his head as a pillow.
The married duo announced a world-wide stadium tour Monday with a stop at Camping World Stadium in Orlando on August 29. But the '03 Bonnie and Clyde have left one country off their list that has upset a lot of fans - Ireland.
To mark this occasion Raspberry Pi Foundation launched the new version small in size and affordable for DIY enthusiasts. Raspberry Pi is a fantastic low-priced hardware platform that enables hackers and developers to create IoT solutions.
It won't happen again. "I apologise because I know that will put a lot of my supporters' families and friends in a hard position". But the Sky Sports reporter did not believe that he was in the wrong for retaliating to the tweet.
As far as reasons go, Sony did not go into further details on the basis behind the abrupt delay of the zombie-survival title. In an announcement, Sony confirmed that " Days Gone " will no longer be seeing a release anytime soon this 2018.
Cousins is now deciding between the Vikings, the New York Jets and the Arizona Cardinals, Schefter reported. Manning guided the Broncos to two Super Bowls and won the 2015 National Football League championship.
McKinnon, 25, has never been a featured back before, and split time in the Vikings backfield with Latavius Murray last season. During his rookie season, Hyde posted 333 yards and four scores on the ground, averaging four yards per carry in 14 games.
Abdullah's 3.3 yards per carry average ranked him next to last in the National Football League of the 48 qualifying running backs. That's just 76.3 yards per game on the ground, almost 10 yards less per contest than the next closest team.
The first thing any and all users will get when signing up is a 30-day free trial to the service's Premium tier. In Israel, meanwhile, a Premium subscription sets you back 19.90 NIS per month - equivalent to around $5.80.
The 2018 NIT Bracket Has Been Released
Thirty-two teams will get automatic bids for winning their conference tournament, and 32 others will receive at-large bids. But, it also is no surprise this group came out ready to play and took care of business against an overmatched team .
Browns acquire CB Damarious Randall in trade with Packers
Either way, their quarterback problem went from the worst in the National Football League to one now in "not-that-bad" territory. ET Wednesday - the Browns added three players at positions of need and traded draft picks and quarterback DeShone Kizer .
Arbor Realty Trust (ABR) Could Go to $10
Clarivest Asset Mgmt Limited Liability Co holds 25,306 shares. 262,582 are held by California Public Employees Retirement Sys. The business had revenue of $102.17 million during the quarter, compared to the consensus estimate of $100.52 million.
Judge rules $560M Powerball victor can remain anonymous
The judge dismissed the state's argument that disclosing her name would show the public that the lottery system is above board. Last week, the trust made donations totaling almost $250,000 to Girls Inc. and three chapters of End 68 Hours of Hunger.
'90s rapper Craig Mack dies at 46
Toney , who last saw his friend last week, said the rapper died of heart failure at a hospital near his home in Walterboro, S.C. Bad Boy was a close family, "brothers and sisters by love and not blood", Joyce said, and Mack was an integral part of that.
UK Officials Told That Aramco IPO Unlikely Until 2019 -FT
Qahtani's treatment to a circle of friends, and immediately afterward Prince Mishaal, too, was arrested and locked in the Ritz. Some speculate Salman's special appointment of an advisory panel was linked to a deal to release bin Laden from custody.
Tiger Woods is back!
He tied for 2nd place in a valiant run Sunday at Valspar Championship at Innisbrook Resort's Copperhead Course in Palm Harbor. Woods had already made big strides this year, having ended last year 656th, and is at his highest ranking since May 2015.