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Strong U.S. economy boosts Walmart holiday-quarter sales, shares gain

2 hours ago DieselGasoil Comments Off on Strong U.S. economy boosts Walmart holiday-quarter sales, shares gain
(Reuters) – A strong U.S. economy boosted Walmart Inc’s holiday-quarter sales growth to the best in a decade, lifted by consumer spending in key categories like groceries and increased e-commerce purchases. Shares of the world’s larger retailer rose nearly 4 percent on Tuesday and were up 7 percent so far this year. Walmart’s performance and Read More

China-US trade spat may leave American kids without toys

9 hours ago DieselGasoil Comments Off on China-US trade spat may leave American kids without toys
The growing uncertainty over trade between Beijing and Washington could affect the entire toy industry, boosting prices for American consumers and leaving Chinese producers out of the US market. Chinese manufacturers make up nearly 85 percent of games and toys sold in the US, while China has a booming consumer market that is set to Read More

Poo patrol: China demands Mt Everest tourists carry ALL of their waste & shuts it down for cleanup

3 days ago DieselGasoil Comments Off on Poo patrol: China demands Mt Everest tourists carry ALL of their waste & shuts it down for cleanup
Authorities have been telling Mt Everest climbers to clean up after themselves for some time now, but the rules have just taken a drastic new turn as China demanded adventurers to take their bodily waste, too. Everest porters have been struggling to carry the 28,000 pounds of human waste – the equivalent to two fully-grown Read More

Wall Street rallies on U.S.-China trade optimism

4 days ago DieselGasoil Comments Off on Wall Street rallies on U.S.-China trade optimism
NEW YORK (Reuters) – Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid All three major U.S. indexes were higher, Read More

Nvidia full-year sales outlook tops analyst views; shares rise

5 days ago DieselGasoil Comments Off on Nvidia full-year sales outlook tops analyst views; shares rise
(Reuters) – Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo The Santa Read More

S&P 500 slips as grim retail sales data overshadows trade hopes

5 days ago DieselGasoil Comments Off on S&P 500 slips as grim retail sales data overshadows trade hopes
NEW YORK (Reuters) – The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute. Paring earlier losses, the S&P 500 held above its 200-day moving average, Read More

U.S. tax refunds down nearly 9 percent vs year ago: IRS data

5 days ago DieselGasoil Comments Off on U.S. tax refunds down nearly 9 percent vs year ago: IRS data
WASHINGTON (Reuters) – The average U.S. tax refund under President Donald Trump’s tax overhaul is down nearly 9 percent so far in this year’s tax filing season, according to Internal Revenue Service data released on Thursday. FILE PHOTO: The new Form 1040 tax form for individuals, released by U.S. Treasury Department, is shown in this Read More

Pineapple Express's biggest punch set to hit water-logged California

5 days ago DieselGasoil Comments Off on Pineapple Express's biggest punch set to hit water-logged California
(Reuters) – The worst of the rain, snow, and winds carried by the so-called Pineapple Express, a river of warm air loaded with moisture, will hit California on Thursday and stick around at least through Friday, forecasters said. The aftermath of turbulence is seen on Compass Flight 5763 to Seattle, February 13, 2019 in this Read More

Wall Street falls as surprise drop in retail sales rattle investors

5 days ago DieselGasoil Comments Off on Wall Street falls as surprise drop in retail sales rattle investors
(Reuters) – U.S. stocks fell on Thursday, as consumer and retail stocks dropped after a sharp decline in retail sales in December suggested a slowdown in economic activity. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid Retail sales tumbled 1.2 percent in Read More

Wall Street set for flat open after weak retail sales data

5 days ago DieselGasoil Comments Off on Wall Street set for flat open after weak retail sales data
(Reuters) – U.S. stocks were set to open flat on Thursday, as a sharp drop in retail sales in December overshadowed optimism over a breakthrough in the U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid Retail sales tumbled 1.2 Read More