Economy

Retail Sales Rise Three Times More Than Expected In June

Retail Sales Rise Three Times More Than Expected In June

Kleinhenz noted that rising home values are encouraging home-improvement spending and home-related retail purchases. Year-over-year growth was up 4 percent on a three-month moving average. However, cheap gasoline and falling sales of electronics and clothing items still weighed on sales last month. Sales also rose 1.2% at auto dealers, 1.2% at home and garden centers and even 1% at department stores that have been losing ground to Internet rivals. Read More

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GM slashed July rental vehicle sales, boosted commercial fleet

GM slashed July rental vehicle sales, boosted commercial fleet

After an unprecedented seven years of growth, analysts are predicting lower US sales this year. He said GM's decision to cut sales to low-profit rental auto fleets by 81 percent - or 11,200 vehicles - was a big factor. Ford shares were down three percent, and Fiat Chrysler was down 0.025 percent. "We're still operating at a very high level", LaNeve said. Fiat Chrysler said its sales fell by 10%. Read More

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Governor Walker tours Wisconsin talking about Foxconn

Governor Walker tours Wisconsin talking about Foxconn

Trump's plans for health care and tax cuts face an uncertain future in Congress, and his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign. "Given recent accounts of how its workers are treated and Foxconn's strategy of getting every last nickel and dime it can from taxpayers to lower their costs, Governor Walker and any legislator thinking of supporting what could be a $3 billion incentive package should be very wary", said ... Read More

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Iran accuses USA navy of firing warning shots at its vessels

Iran accuses USA navy of firing warning shots at its vessels

The aircraft carrier was accompanied by cruiser. "Shortly thereafter, at a safe distance, the USA helicopter deployed flares, after which the Iranian vessels halted their approach". "In a provocative and unprofessional action, the Americans fired flares to warn the Zolfaqar flotilla vessels", the statement added, saying, however, that the IRGC naval forces continued their mission in the zone in the regular manner, disregarding the "unconventional and unusual" moves by the United States forces. Read More

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FDA Proposes Cutting Nicotine Amounts In Cigarettes, Targeting Addiction

FDA Proposes Cutting Nicotine Amounts In Cigarettes, Targeting Addiction

The agency said it was adopting a harm-reduction strategy that seeks to balance regulation of existing products and encourage development of "new products that may be less risky than cigarettes". ENDS are devices like e-cigarettes and nicotine vaporizers. Neil Wilson of ETX Capital said it was "hard to overstate" what falling numbers of addicts and less frequent smoking could mean for corporate revenues. Read More

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United Kingdom state pension age increase to 68 brought forward

United Kingdom state pension age increase to 68 brought forward

Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable. 'We can not allow this Government to push people to work longer and longer to pay for its failed austerity agenda. This amounts to a saving of £74 billion by 2045/46 compared with the previous proposals. Read More

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Lousy Beyoncé wax figure sets off the Beyhive

Lousy Beyoncé wax figure sets off the Beyhive

Jenner joked on Instagram that she made her wax figure FaceTime her whole family and she "fooled everyone". Madame Tussauds New York addressed the outcry in a statement to Page Six on Wednesday afternoon, saying: "At Madame Tussauds, our talented team of sculptors take every effort to ensure we accurately colour match all of our wax figures to the celebrity being depicted". Read More

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Cowboys Players' Dog Returned After Brief 'Kidnapping'

Cowboys Players' Dog Returned After Brief 'Kidnapping'

Whitehead confirmed to Dallas-area reporter Mike Fisher that the dog in the videos was, in fact, Blitz. Whitehead said he suspects the heist was "an inside job" and plans to talk to some people close to him. Whitehead reportedly contacted police but learned that the dognappers' use of a "burner phone" made their calls and texts untraceable. It's unclear if Whitehead paid the ransom for the dog, but a Dallas rapper used his Instagram account to say he was the one who found the dog and ... Read More

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USA adds new sanctions on 18 Iranian groups, individuals

In May, the administration announced it would keep waiving nuclear-related sanctions on Iran, but that it was imposing new sanctions on the Islamic Republic over its ballistic missile program. The latest attempt to clamp down on Iran's military financing ranged from an Iranian-based company that aided the country's drone program to a Turkey-based provider of naval equipment and a China-based network that helped secure electronics for Tehran. Read More

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Here's Where To Get All The Deals On National French Fry Day

Here's Where To Get All The Deals On National French Fry Day

Offers are good only at participating locations. DK is offering small fries for only $1 all day today at select locations. Like, you basically have to gobble down a few chips today, it's practically illegal not sure. Arby's - Want free curly fries? If the fries weren't enjoyable enough, the company is donating all the proceeds they make from the dollar-fries sales to the Philadelphia Fraternal Order of Police Survivors Fund, which works to protect police and honors fallen officers. Read More

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5-year martial law 'too long — AFP spox

The President declared martial law in Mindanao after government troops clashed with members of the Maute Group and the Abu Sayyaf Group in Marawi City on May 23. As to Speaker Alvarez's basis in proposing for an extension, Padilla said he might have information at hand not privy to the military. The 60-day limit for the declaration of martial law will end on July 22. Read More

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Only T20I: West Indies win toss, elect to field first

Only T20I: West Indies win toss, elect to field first

India: TV: Ten 3, Ten 1 HD, Sony Six, Sony Six HD. Last time when these two sides met, it was played in United States of America which went into the record books for the highest aggregated runs in a single match. It will be a slightly more hard task for the Men in Blue to outplay the hosts like they did in the ODI series because the West Indies T20 team seems to be a more balanced side as compared to the ODI squad . Read More

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Samsung expected to post higher profit than Apple for the first time

Samsung expected to post higher profit than Apple for the first time

Samsung indicates they expect 14 Trillion KRW ($12 Billion USD) in profit and 60 Trillion KRW ($52 Billion USD) in sales. But traders said that share markets had already priced in expectations for robust profit-growth. Analysts Mehdi Hosseini, David Ryzhik and Bill Grinstead have a Neutral rating on the stock and a price target of 2,550,000 won ($2,209), 6.5% above the current price near 2,393,000 won. Read More

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United Kingdom industrial production, construction output and trade performed poorly in May

United Kingdom industrial production, construction output and trade performed poorly in May

The latest data from the Office for National Statistics recorded output of £11.43bn in May, down from £11.56bn in April and marking the lowest volume since August 2016. It also reported a bigger than anticipated 1 billion-pound widening in the country's trade deficit to 3.1 billion pounds ($4 billion) in May and a surprise 1.2 percent monthly drop in construction output. Read More

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AirAsia flight diverted to Brisbane after suspected bird strike

AirAsia flight diverted to Brisbane after suspected bird strike

Malissa Siaea was travelling with her husband to Malaysia for their honeymoon when "fire sparked out of the right-side engine" less than 20 minutes into the flight. CASA will review the incident and the Australian Transport Safety Bureau is investigating. The Malaysian carrier said that the flight was carrying 345 passengers and 14 crew members and also added that it was arranging a special flight to take the passengers to Kuala Lumpur. Read More

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