Monday's trading: 5 things to know
Construction sentiment expected to show while conditions are good, rising costs, higher input prices and inventories affecting homebuilders
Consumer sentiment rises unexpectedly from record low
Consumer confidence rose in July, surprising economists who expected another decline after sentiment hit a record low last month amid soaring inflation.
June retail sales climb more than expected as Americans confront searing-hot inflation
The Commerce Department released new data on retail sales on Friday morning, revealing that U.S. households are still in a strong position despite the hottest inflation in decades.
Amazon slashing private-label selection amid weak sales: report
Amazon has decided to cut back on the number of products it sells under its own private labels as sales slow. It has also discussed exiting the private-label business entirely.
Despite high inflation, back-to-school spending projected to hit $37B
One-third of consumers are saving in other areas in order to cover the cost of back-to-school supplies for the upcoming year as inflation rises, hitting a new four-decade high in June.
Amazon Prime Day skirts inflation
Prime members saved a record $1.7 billion on more than 300 million items worldwide during this year's two-day extravaganza.
Victoria's Secret shares plunge by double digits after management layoff
Stock prices for Victoria's Secret plummeted Wednesday after the company announced it was firing 5% of its management executives, saving roughly $40 million annually.
Amazon Prime Day: Inflation not stopping the American consumer
JMP Securities internet equity research analyst Nick Jones and Kearney Consumer Institute lead Katie Thomas discuss how inflation could affect the annual big deal event on 'The Claman Countdown.'
PepsiCo says soda, snack prices may rise
PepsiCo signaled Tuesday that it will likely raise prices on the company's beverages and snacks as raw material costs climb and demand remains steady.
Amazon's Prime Day sparks rival sales
Every year, Amazon's retail rivals launch competing sales around Prime Day. This year is no different for retailers like Best Buy, Nordstrom, Coach and Target.
Former retail CEO warns consumer recession will see weak retailers 'really suffer': Not all boats rise
Storch Advisors Restaurants CEO Gerald Storch outlines the reasons for high inventory levels and warns of a coming consumer recession on 'Varney & Co.'
Consumer recession will happen soon: Former Toys 'R' Us CEO
Former Toys 'R' Us CEO Gerald Storch warns of a looming recession amid consumer slowdowns and high inflation.
'Value is king': CEO weighs in on Amazon, Costco
Storch Advisors Restaurants CEO Gerald Storch argues Amazon Prime Day will see success despite 'exhausted' consumers and analyzes Costco's success despite record-high inflation.
Walmart buying 4,500 electric vans from Arkansas startup Canoo
Walmart is buying at least 4,500 electric vans from Arkansas-based Canoo, which will build the vehicles at a new factory in Pryor Oklahoma next year.
Gap CEO steps down
The chief executive officer of Gap Inc. has stepped down from her position and from the company's board. Sonia Syngal spent 18 years at the retailer.
Amazon Prime Day arrives as company suffers slowdown in online sales growth
Amazon's annual Prime Day event comes amid a slowdown in online sales growth, although the company may see a boost due to back-to-school shopping.
Kanye West files trademark application for physical 'YZYSPLY' retail stores
Kanye West and his legal team have submitted an application to the U.S. Patent and Trademark Office to use "YZYSPLY" for retail stores, retail store services, online ordering services and online retail store services.
FDA to consider pharma company’s application for over-the-counter birth control pill
HRA Pharma's Opill could become the first over-the-counter daily birth control pill available without a prescription in the U.S.
Walmart faces lawsuit after employee allegedly hits woman with shopping carts
A Louisiana woman is suing Walmart after an employee allegedly struck her with a line of shopping carts last year, knocking her over and causing bruises and internal injuries.
Costco raises prices on food court soft drinks, chicken bake
Costco has reportedly raised the prices on two of its popular food court items. The wholesale retailer reported net sales of $22.78 billion for the month of June.


















