With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk next week, putting Wall Street on track for another brutal sell-off.
U.S. auto sales dropped by more than 41 percent in February to the lowest level in almost three decades as deepening economic uncertainty drove Americans away from big purchases and new debt despite aggressive discounts from major automakers.
NSSF, the trade association for the firearms, ammunition and recreational shooting sports industry, said its firearms sales rose 23.3 percent or 1,259,078 in February, up from 1,021,130 in February 2008.
U.S. auto sales dropped by more than 40 percent in February to the lowest level in almost three decades as Americans pulled back from taking on more debt in an economy showing signs of spiraling from bad to worse.
Auto sales likely hovered around 27-year lows in February as consumers mostly stayed away from buying big-ticket items, spooked by job losses, the deep recession and tight credit.
Auto sales likely hovered around 27-year lows in February as consumers mostly stayed away from buying big-ticket items, spooked by job losses, the deep recession and tight credit.
Ford Motor Co expects U.S. auto industry sales to drop to about a 9 million unit range on an annualized basis in February as retail demand slipped, the automaker's chief sales analyst said on Friday.
Two weeks into the new year, a report of retail decline was another stroke in a patch of turbulent recession as monetary policy makers and the government acknowledge the imperfections and work to fashion a portrait of economic recovery.
Retail sales fell 2.7 percent in December to $343.2 billion compared to November and down 9.8 percent below December 2007, the Commerce Department reported on Wednesday.
Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however
Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
Staples Inc., the world's largest office-supplies retailer, posted record first-quarter sales of $4.9 billion on Tuesday and stood by its 2008 outlook, despite its warning of continued economic weakness throughout the year.
J Sainsbury said on Wednesday that its total retail sales for the full year to 22 March 2008 had risen 5.8 per cent to £19,287 million. The supermarket chain said that like for like sales were up 3.9 per cent.
The dollar gained against the euro and yen on Wednesday after reports of better than expected retail sales in the U.S. and comments from a Federal Reserve official boosted the currency's strength.
Copper prices fell slightly on Tuesday as the dollar rallied against the euro on better U.S. retail sales data, but prices may rise on supply concerns from South America.
Gold fell the most in two weeks on Tuesday as the U.S. dollar rebounded against the euro, hindering the investment demand for the precious metal.
Dollar rose against the Euro on Friday after Citigroup's results sparked hope that the worst of the credit crisis has passed.
U.S. retail sales of video games soared by 57 percent to $1.7 billion in March led by Nintendo's games and systems.Video game hardware and software sales, in March, were $1.7 billion with Nint...
The dollar fell against the Euro yesterday as a sharp fall in housing starts reinforced expectations that U.S. interest rates would be cut again.The dollar...
The dollar rose against the euro yesterday as surprisingly robust U.S. inflation and manufacturing data suggested the Federal Reserve may be less aggressive in cutting interest rates.
The dollar weakened against the Euro on Monday on renewed concerns about the economy.The dollar weakened against the Euro on Monday on renewed concerns abo...
U.S. Treasurys fell in price on Monday after more news of banks in crisis were offset by a government report showing slightly higher retail sales in March.
