Target CEO Brian Cornell said Americans shopped because they couldn’t go on vacation or spend money on typical summer activities during the pandemic.
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Target reports a monster quarter — profits jump 80%, same-store sales set record
Target reported dramatic growth among its online services, such as curbside pickup, and had sales growth across all of its merchandise categories.
Lowe’s reports blow-out quarter with 30% surge in revenue
Lowe’s said its second-quarter revenue surged 30% as consumers shifted spending from restaurants and travel to home improvement projects during the coronavirus pandemic.
Walmart says its second-quarter e-commerce sales surged 104% in China
Walmart’s online shopping strategy is paying off in China, arguably one of the most developed e-commerce markets in the world.
White House chief of staff Meadows: Let’s pass a ’skinny bill‘
Mark Meadows comments to Fox News in an interview
– Says will be here until Saturday, hopes that Democrats will as well
– Says private talks with Democrats have gone extremely well
It is pretty much the same old brand new story day in, day out. As much as Meadows is touting that talks are going well, a
– Says will be here until Saturday, hopes that Democrats will as well
– Says private talks with Democrats have gone extremely well
It is pretty much the same old brand new story day in, day out. As much as Meadows is touting that talks are going well, a
ForexLive European FX news wrap: Currencies mixed, stocks muted in quiet trading
Forex news from the European trading session – 19 August 2020
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities a little higher; E-minis up 0.1%
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities a little higher; E-minis up 0.1%
FOMC meeting minutes, what to expect later?
Likely more noise more than anything else
The Fed has that the economic situation is starting to worsen a little and cast a bit of a dark cloud over the outlook in 2H 2020, considering the fact that the virus situation was escalating rather rapidly across the US last month.
The Fed has that the economic situation is starting to worsen a little and cast a bit of a dark cloud over the outlook in 2H 2020, considering the fact that the virus situation was escalating rather rapidly across the US last month.
US MBA mortgage applications w.e. 14 August -3.3% vs +6.8% prior
Latest data from the Mortgage Bankers Association for the week ending 14 August 2020
– +6.8%
– Market index 824.5 vs 852.8 prior
– Purchase index 308.9 vs 306.6 prior
The drop in the past week was largely due to a fall in refinancing activity, following the record low long-term mortgage rate seen last week. What stands out more
– +6.8%
– Market index 824.5 vs 852.8 prior
– Purchase index 308.9 vs 306.6 prior
The drop in the past week was largely due to a fall in refinancing activity, following the record low long-term mortgage rate seen last week. What stands out more
Some mixed, muted tones playing out so far on the session
All eyes stay on North American trading once again, with the July FOMC meeting minutes also a key focus point today
Elsewhere, gold is keeping under $2,000 to start the day and tested its 200-hour moving average near $1,980 at the start of the session. But buyers defended the level and price action has kept around
Elsewhere, gold is keeping under $2,000 to start the day and tested its 200-hour moving average near $1,980 at the start of the session. But buyers defended the level and price action has kept around
Airlines: Luftfahrt rechnet wegen Corona mit jahrelanger Krise
Anders als in früheren Krisen verläuft die Erholung der Branche schleppender als geplant. Branchenvertreter warnt vor einer langen Durchstrecke.