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US ECONOMY RETAIL SALES REPORT
Myntra EORS sees 30% rise in new shoppers; D2C brands log strong demand growthMyntra said its latest End of Reason Sale (EORS) recorded a 30% year-on-year increase in first-time shoppers, with non-metro cities contrib...- Gold on track for third weekly loss on firm dollar, hawkish Fed signalsGold prices dipped on Friday, heading for a third consecutive weekly loss, pressured by a strengthening dollar and hawkish signals from the...
- GenAI could deliver up to 50% higher sales velocity and faster launches for India’s real estate sectorGenerative AI promises to revolutionize Indian real estate, boosting sales velocity by up to 50% and slashing project launch times by 30%. ...
- Nykaa aims to surpass $5 billion in goods sold by fiscal 2030Nykaa aims to surpass $5 billion in gross merchandise value by fiscal 2030, projecting a two to threefold revenue increase and four to five...
- Tesco CEO Ken Murphy says don't read too much into sales growth slowdownTesco's chief executive Ken Murphy stated that a recent slowdown in sales growth should not be overemphasized. He linked the performance to...
- Retail investors’ bond rush; Rapido’s angels exitHappy Thursday! Retail participation in corporate bonds is surging as platforms ramp up awareness efforts. This and more in today’s ETtech ...
- The onshore gateway to global capitalIndia's economy is set to grow significantly, but its global market presence lags. GIFT IFSC is building infrastructure to bridge this gap....
- Hi(gh) Gasoline! US retail sales in May rise on auto powerAmerican shoppers spent more in May than anticipated. This boost came from tax refunds and a stock market rise. However, this spending has ...
- Dollar jumps as Fed holds rates but projects one hike later this yearThe dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers ...
- US stocks: Nasdaq, S&P fall over 1% as Fed holds rates; traders raise hike betsUS stocks tumbled Wednesday as traders anticipated a Federal Reserve rate hike, with policymakers projecting rising interest rates later th...
- Oil below $80 may cap fuel price hikes, boost India outlookFalling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic ...
- US stocks: US market ticks up ahead of first Fed policy decision under WarshU.S. stock indexes opened higher on Wednesday, with chip stocks rebounding ahead of the Federal Reserve's first interest rate decision unde...
- US retail sales beat expectations in May as energy costs stay highUS retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent inc...
- Gold edges up as rate-hike fears ease; Fed rate decision in focusGold prices are climbing for the fifth consecutive session. Optimism surrounding a U.S.-Iran peace deal is easing concerns about interest r...
- China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
- Carnival Time! Auto cos on a roll as demand stays strongIndian auto sales experienced robust double-digit growth in May, with passenger vehicles up 27% and two-wheelers by 31%. This surge, driven...
- India passenger vehicle sales rise 27.3% in May to 438,854 units: SIAMIn an exhilarating turn of events, the Indian automobile market experienced an extraordinary spike in sales last month, setting new records...
- Fed and BoE stay guarded after 100 days of Iran warGlobal central banks are poised to maintain current interest rates this week. The Iran war's impact on inflation and growth remains a key c...
- Supply curbs bulk buyers shut out of retail fuel networkThe government has restricted bulk diesel purchases from retail stations to 200 litres per customer and banned reselling to prevent diversi...
- Stock-pay boom amplifies US economic drumbeat: Mike DolanRising stock prices are increasingly impacting U.S. worker compensation, particularly in the technology sector, where stock-based compensat...
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