India  

March Retail Sales Exceeded Expectations

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
March Retail Sales Exceeded Expectations

March Retail Sales Exceeded Expectations

March Retail Sales , Exceeded Expectations.

New Commerce Department data surprised some analysts on April 15, 'The Hill' reports.

.

The agency's latest estimates indicate that March retail sales increased by 0.7%.

They were only expected to rise 0.3% last month.

While sales exceeded estimates for March, the jump was still below the 0.9% increase in February.

Compared to the same time last year, total sales for the first three months of 2024 were up 2.1%.

On April 10, the Labor Department released data showing that inflation rose last month.

.

The consumer price index (CPI) increased 0.4% in March and 3.5% annually.

In February, consumer prices increased 3.2% year-over-year.

.

Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.


You Might Like


💡 newsR Knowledge: Other News Mentions

The Hill (newspaper) The Hill (newspaper) American political newspaper and website

Biden Won’t Drop Out of Race After Shaky Debate Performance, Campaign Official Says [Video]

Biden Won’t Drop Out of Race After Shaky Debate Performance, Campaign Official Says

Biden Won’t Drop Out of Race , After Shaky Debate Performance, Campaign Official Says. President Biden and former President Trump took part in a debate on June 27. President Biden and former President Trump took part in a debate on June 27. According to a CNN flash poll, 67% of viewers said Trump won the debate. According to a CNN flash poll, 67% of viewers said Trump won the debate. Biden's performance was noticeably concerning. . One former Biden aide found themselves asking, “What did he just say? This is crazy,” Politico reports. . When the president wasn't speaking incoherently, he was standing with his mouth agape and staring into the distance, prompting many Democrats to call for a new presidential candidate, 'The Hill' reports. . My job right now is to be really honest. Joe Biden had one thing he had to do tonight. And he didn’t do it, Former Sen. Claire McCaskill, to MSNBC . He had one thing he had to accomplish. And that was reassure America that he was up to the job at his age. And he failed at that tonight, Former Sen. Claire McCaskill, to MSNBC . Biden needs to drop out. No question about it, Prominent Biden campaign donor, via Politico. But Seth Schuster, Biden's campaign spokesperson, said in a text message, "Of course he's not dropping out," 'The Hill' reports. . Even though Biden intends to stay in the race, if things don't go his way, there are six people who could potentially take his place, 'The Guardian' reports. . They are Kamala Harris, Gavin Newsom, J.B. Pritzker, Gretchen Whitmer, Sherrod Brown and Dean Phillips. They are Kamala Harris, Gavin Newsom, J.B. Pritzker, Gretchen Whitmer, Sherrod Brown and Dean Phillips. They are Kamala Harris, Gavin Newsom, J.B. Pritzker, Gretchen Whitmer, Sherrod Brown and Dean Phillips. They are Kamala Harris, Gavin Newsom, J.B. Pritzker, Gretchen Whitmer, Sherrod Brown and Dean Phillips. They are Kamala Harris, Gavin Newsom, J.B. Pritzker, Gretchen Whitmer, Sherrod Brown and Dean Phillips. They are Kamala Harris, Gavin Newsom, J.B. Pritzker, Gretchen Whitmer, Sherrod Brown and Dean Phillips

Credit: Wibbitz Top Stories    Duration: 01:31Published
Judge Blocks $30 Billion Visa, Mastercard ‘Swipe Fee’ Settlement [Video]

Judge Blocks $30 Billion Visa, Mastercard ‘Swipe Fee’ Settlement

Judge Blocks $30 Billion , Visa, Mastercard , ‘Swipe Fee’ Settlement. Federal Judge Margo Brodie rejected the $30 billion antitrust settlement on June 25, 'The Hill' reports. . In March, Visa and Mastercard agreed to limit interchange fees that retailers who accept their cards are charged. . The companies said they would reduce swipe fees for at least three years by a minimum of 4 basis points. They also agreed to "cap their fees at 2023 levels for the next five years," 'The Hill' reports. . Retail industry groups criticized the proposed settlement since it would only provide temporary relief to a larger problem. . Thankfully, the judge made the right call in recognizing what a bad deal this would have been for Main Street merchants and their customers. , Christopher Jones, member of the executive committee of the Merchants Payments Coalition (MPC), via 'The Hill'. It’s extremely unusual for a judge to reject a settlement at the preliminary stage, so this shows how far Visa and Mastercard’s proposal missed the mark, Christopher Jones, member of the executive committee of the Merchants Payments Coalition (MPC), via 'The Hill'. The average swipe fee that retailers pay is 2.24%, but it can go up to 4%, according to the National Retail Federation. The credit card payment market has been broken for decades. , The Retail Industry Leaders Association, via 'The Hill'. Leading retailers are grateful that Judge Brodie saw through the facade of the proposed settlement.., The Retail Industry Leaders Association, via 'The Hill'. ... and understood that it would not provide the meaningful change that is needed to correct the competitive imbalance in the interchange ecosystem, The Retail Industry Leaders Association, via 'The Hill'. Retailers have also called on lawmakers to pass the Credit Card Competition Act. Supporters claim that the bill would break up Visa and Mastercard's dominance and allow for more competition

Credit: Wibbitz Top Stories    Duration: 01:31Published
Voters Don’t Think Kamala Harris Could Win an Election as Democratic Nominee, Survey Finds [Video]

Voters Don’t Think Kamala Harris Could Win an Election as Democratic Nominee, Survey Finds

Voters Don’t Think Kamala Harris Could Win , an Election as Democratic Nominee, Survey Finds. Amid speculation about Biden's advanced age, Harris has previously said she's ready to be president "if necessary." . Amid speculation about Biden's advanced age, Harris has previously said she's ready to be president "if necessary." . But what if she received a Democratic presidential candidate nomination?. According to a Politico/Morning Consult poll released on June 12, . only a third of voters think Vice President Harris could win an election as a Democratic presidential nominee, 'The Hill' reports. . 14% of voters thought her chances of becoming president would be very likely. while 20% think she'd be only somewhat likely to win. 37% said it's not at all likely that she would win. . Meanwhile, 21% said they'd want Harris to be the Democratic nominee if Biden wasn't running. 10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg. 10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg. Over 40% were unsure or indifferent. . The poll also determined "that 42% have a very unfavorable impression" of both Harris and Biden, 'The Hill' reports

Credit: Wibbitz Top Stories    Duration: 01:30Published
Donald Trump Wants to End Taxes on Tips [Video]

Donald Trump Wants to End Taxes on Tips

Donald Trump Wants , to End Taxes on Tips. While speaking at a rally in Las Vegas on June 9, Trump said the "first thing" he'll do if reelected president is stop tips from being taxed, 'The Hill' reports. . For those hotel workers and people that get tips, you’re going to be very happy. Because when I get to office, we are going to not charge taxes on tips. , Donald Trump, via statement. We’re not going to do it, and we’re going to do that right away, first thing in office, because it’s been a point of contention for years and years and years, Donald Trump, via statement. And you do a great job of service, you take care of people and I think it’s going to be something that really is deserved, Donald Trump, via statement. Congressional approval would be necessary to make those changes, 'The Hill' reports. Trump’s 2017 Tax Cuts and Jobs Cut Act (TCJA) expires next year, . but if he's reelected and if Republicans end up with a majority in Congress, . his previous policies could easily be extended and amended. . Trump went on to attack President Biden's policies on Truth Social. Trump went on to attack President Biden's policies on Truth Social. Crooked Joe Biden has taken the totally opposite approach, trying to TAX more and more of their Tips, even hiring 88,000 IRS Agents to collect! , Donald Trump, via Truth Social. Hopefully Rank and File Union Members, Union Leadership itself, and Workers all over the Country, both Union and Non-Union, will support Donald J. Trump, , Donald Trump, via Truth Social. ... because I’m NO TALK AND ALL ACTION! TRUMP KEEPS HIS PROMISES, AND STANDS WITH OUR GREAT WORKERS. PROMISES MADE, PROMISES KEPT!, Donald Trump, via Truth Social. Meanwhile, the Culinary Workes Union Local 226 in Las Vegas scoffed at Trump's promises. Relief is definitely needed for tip earners, but Nevada workers are smart enough to know the difference between real solutions and wild campaign promises from a convicted felon. , Culinary Union Secretary Treasurer Ted Pappageorge, via statement

Credit: Wibbitz Top Stories    Duration: 01:31Published

United States Department of Labor United States Department of Labor U.S. federal government department

Surge of New Applications for Unemployment Benefits May Signal Cooling Job Market [Video]

Surge of New Applications for Unemployment Benefits May Signal Cooling Job Market

Surge of New Applications for , Unemployment Benefits , May Signal Cooling Job Market. Last week, the number of people in the United States filing for unemployment benefits reached the highest level in ten months last week. . ABC reports that the news comes as a potential sign that the U.S. labor market may be slowing under the burden of high interest rates. . The week ending June 8 saw applications for jobless benefits rise by 13,000 to reach 242,000. . According to Labor Department data, that is up from 229,000 new applications the week before. The number also represents the highest number of new applications since August of 2023, while also being significantly higher than the 225,000 new claims forecast. ABC reports that weekly unemployment claims have lingered at historically low levels since millions of jobs disappeared with the COVID-19 pandemic. ABC reports that weekly unemployment claims have lingered at historically low levels since millions of jobs disappeared with the COVID-19 pandemic. Since March of 2022, the Federal Reserve has raised benchmark rates 11 times in an attempt to reign in inflation which has risen to a four-decade high. While the latest data suggests that consumer inflation cooled in May, the Federal Reserve has decided to leave rates at a 23-year high. According to Fed Chair Jerome Powell, officials are waiting for more evidence that prices are reaching their target of two percent. ABC reports that a total of 1.82 million Americans were collecting unemployment benefits in the week ending June 1. . ABC reports that a total of 1.82 million Americans were collecting unemployment benefits in the week ending June 1.

Credit: Wibbitz Top Stories    Duration: 01:30Published

Americans Americans Citizens and nationals of the United States

Biden urges Americans to shun political violence day after Trump assassination attempt [Video]

Biden urges Americans to shun political violence day after Trump assassination attempt

Speaking in the Oval Office, Biden said passions were running high on both sides and the stakes of the election were enormous but that violence was not the answer, adding "We can do this".

Credit: euronews (in English)    Duration: 02:23Published
Biden's Prime-Time Address: Urgent Call to Reject Political Violence After Trump's Assassination Bid [Video]

Biden's Prime-Time Address: Urgent Call to Reject Political Violence After Trump's Assassination Bid

In a critical prime-time address, President Joe Biden urges Americans to reject political violence and resolve their differences peacefully following the attempted assassination of former President Donald Trump. Highlighting the importance of civility in political discourse, Biden calls for unity and condemns the normalization of violence. Watch his powerful message and join the discussion on how we can heal as a nation. #BidenSpeech #RejectViolence #Unity #TrumpAssassinationAttempt #PoliticalDiscourse #AmericanDemocracy #DonaldTrumpAssassination

Credit: Oneindia    Duration: 03:34Published

Joe Biden Cautions People Not to Jump to Conclusions About Trump Shooter

President Joe Biden's asking Americans not to jump to conclusions about the man who shot Donald Trump ... urging people not to make assumptions about his..
TMZ.com
Middle-Aged Americans Are Underprepared for Retirement, Study Finds [Video]

Middle-Aged Americans Are Underprepared for Retirement, Study Finds

Middle-Aged Americans Are, Underprepared for Retirement, , Study Finds. 'Newsweek' reports that people in the United States who are approaching retirement age may be critically underprepared when it comes to their savings. According to Prudential Investments, Americans around the age of 55 are facing a "midlife retirement crisis," lacking the funds for a comfortable post-working life. . A recent survey by the major insurance provider found the average retirement savings of a 55-year-old to be $47,950. . This falls significantly short of the recommended goal of having eight times a person's annual income saved by the time they reach 55. . According to the survey, 57% of 55-year-olds said they expected to outlive the funds they have currently managed to save. That's compared to 59% of 65-year-olds and 52% of 75-year-olds. The survey also found that one-third of 55-year-olds and 43% of 65-year-olds have already been forced to postpone retirement due to inflation. Attention today is rightly centered on the approximately 11,000 65-year-olds entering retirement every week, but we must also focus as an industry on the opportunity to help a slightly younger generation of workers entering the critical 10-year countdown to retirement, Caroline Feeney, executive vice president and head of Prudential's U.S. Businesses, via 'Newsweek'. Further, the financial futures of certain cohorts—such as women—are especially precarious, Caroline Feeney, executive vice president and head of Prudential's U.S. Businesses, via 'Newsweek'. The upside is that, with the right planning and strategy to protect their life's work, we can ensure this generation is well-prepared to live not only longer, but better, Caroline Feeney, executive vice president and head of Prudential's U.S. Businesses, via 'Newsweek'

Credit: Wibbitz Top Stories    Duration: 01:31Published
Hypergamy Explained: The Dating Trend Attracting 40% of Americans | Oneindia News [Video]

Hypergamy Explained: The Dating Trend Attracting 40% of Americans | Oneindia News

Discover what hypergamy is and why it's becoming popular in modern dating. Learn how this trend impacts relationships and personal aspirations, based on insights from a recent survey of 2,000 Americans. #Hypergamy #ModernDating #RelationshipGoals #DatingTrends #PersonalAspirations #AmericanCouples #AmericanYouth

Credit: Oneindia    Duration: 03:01Published