B y Mariya Pylayev Retail sales likely experienced a modest increase in March, following suit with recent slower-than-expected job growth. Retail sales are predicted to rise 0.3 percent, according to a Bloomberg survey of 71 economists. The forecast follows a 1.1 percent increase in February, when unseasonably warm weather lured shoppers out of their homes …
By Mariya Pylayev Smartphone use on the rise by mpylayev Young, tech-savvy American consumers have paved the way for rapid growth in smartphone use, de-elevating the internet capable, data-consuming devices from luxury to basic necessity. Nearly half of American adults own a smartphone today, a figure that jumped 11 percent since last May, when only …
By Mariya Pylayev Economist and former Federal Reserve chairman Paul A. Volcker spoke about the dangers of excessive spending and the necessity to revamp America’s political system at The Cooper Union in Manhattan on Wednesday, March 21. He delivered the 11th Annual Benjamin Menschel Distinguished Lecture at The Cooper Union. But attendees were disappointed if …
B y Mariya Pylayev Rapid job creation and increased consumer confidence contributed to higher than expected retail sales in February. Overall retail sales improved 1.1 percent in February, following an upwardly revised 0.6 percent gain the prior month, said the Commerce Department on Tuesday. Core retail sales, which exclude autos, rose by a strong 0.9 …
By Mariya Pylayev Despite widespread pessimism concerning a modest rise in January retail sales, the figures were not as disappointing as some skeptics made them out to be. Overall retail sales rose by 0.4 percent in January, half the forecast, marking the fourth consecutive month of slow growth, the Commerce Department said Thursday. It was …
