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Added on the 25/04/2019 14:10:17 - Copyright : Wochit
Shanghai, Sep 9 (EFE/EPA).- China's consumer price index (CPI), the main indicator of inflation, increased 0.8 percent year-on-year in August, according to data published Thursday by the National Bureau of Statistics (NBS).This represents a 1 percent drop with respect to the previous month's data, and is below that expected by analysts, who predicted a rise of around 1 percent for August. (Camera: ALEX PLAVEVESKI).B-ROLL OF THE SKYSCRAPERS AND A FOOD MARKET IN SHANGHAI, CHINA.
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Midland (Texas), Apr 6 (EFE).- Gas prices across the US are extremely low causing oil prices to drop dramatically in part due to the COVID-19 coronavirus. (Camera: LARRY SMITH).FOOTAGE SHOWS AN OIL PUMP IN AN OIL FIELD NEAR MIDLAND, TEXAS, USA.