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Added on the 19/02/2019 14:16:00 - Copyright : Wochit
Business Insider reports that US retail sales in September increased by nearly 2%, landing above the average economist estimate of 0.8%. This is the fifth straight month of improvement, as the economy continues to reaccelerate after covid caused slowing through the summer. Consumer spending makes up 70% of the U.S. economy. Retail spending is among the economic indicators being closely watched to signal economic recovery health. But, September's initial leap is now slowing to a crawl. As fiscal relief programs expired and direct payments dried up, the pace of retail spending growth has slowed.
Walmart has been one of the few companies to do well in the pandemic. Digital sales have nearly doubled from a year ago, and same-store sales have increased 9%. But according to Business Insider, even Walmart CEO Doug McMillon knows that with such widespread unemployment, its a streak of luck can't last forever. Business Insider reports McMillon said on CNBC's 'Squawk Box' on Thursday that Congress needs to pass a second stimulus package--and do it quickly. Since passing the $2.2 trillion CARES Act in March, Congress has done nothing meaningful towards passing a second stimulus package. There are Americans...that don't really care about politics, aren't really tied up in this election and they just need some help. Doug McMillon, Walmart CEO Interview, CNBC's 'Squawk Box'
"The warmth of this place, the sense of community, the welcome is unimaginable. And it makes me feel good" says Harrison Ford as he shows his emotion after presenting "Indiana Jones and the Dial of Destiny" as a world premiere at the Cannes Film Festival, where he also received an honorary Palme d'Or. SOUNDBITE
"The banks are in pretty good shape," US President Joe Biden says during a visit to Canada, following recent turmoil in the US banking system. SOUNDBITE
Dans cette comédie dramatique teintée d'ironie, Mae Martin fait face au sevrage, à l'addiction et à sa nouvelle relation avec une femme jusqu'alors hétéro.
If you're a last minute holiday shopper, Business Insider has news for you. Amazon, Target, and Walmart have launched last-minute delivery and pickup offerings. From extended hours and expanded return policies, the retailers are sharing lots of incentives to help boost consumer spending and the change in shopping habits due to the pandemic. Walmart and Target now have extended holiday pickup and delivery deadlines and Amazon extended its delivery window for holiday Prime orders. Walmart is enabling paid 2-hour delivery for orders made by 1pm on December 24, and free next-day delivery for orders made until December 21 at 2pm. Target extended their in-store pick up and curbside orders until 5pm December 24. They also added 150,000 Shipt workers to make same-day deliveries. Amazon Prime members can opt into one-day delivery for eligible orders made until December 23, and in some locations, customers can get same-day delivery until December 24 for orders of $35 or more.
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