Australia Retail Sales Soar 1.2% in June, Marking Final Report
Sales jumped 1.2% in June from the prior month, when they climbed an upwardly revised 0.5%, and against a forecast 0.4% gain, according to data from the Australian Bureau of Statistics Thursday. This will be the last retail sales report as the ABS focuses on its household spending indicator that provides broader coverage of consumption.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
E&E News
22 minutes ago
- E&E News
BLM advances North Dakota coal expansion plans
The Trump administration is taking another step toward reviving coal development on federal lands. The Bureau of Land Management announced Friday it will hold a competitive coal lease sale Sept. 3 that would provide winning bidders with access to millions of tons of coal reserves at the Freedom mine in North Dakota. The Coteau Properties, whose subsidiary North American Coal operates the mine, had applied to lease more than 1,000 acres containing roughly 18.3 million tons of recoverable federal coal. Advertisement BLM in April released a draft environmental assessment of that proposal that would allow the mine's operator to expand its footprint by more than 640 acres to produce as much as 19 million tons of federal coal over the next five years, according to a formal notice of the lease sale that will be published in Monday's Federal Register.
Yahoo
32 minutes ago
- Yahoo
Jim Cramer on Tapestry: 'You Got My Blessing to Put on a Small Position Before the Quarter'
Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer shared insights on. During the episode, Cramer noted that the company's management 'knows exactly what they're doing.' He said: 'Late last year, the Biden administration's Federal Trade Commission blocked yet another merger, Tapestry's $8.5 billion acquisition of Capri Holdings… Despite all the tariff uncertainty, Tapestry was able to raise its sales and earnings guidance. What's driving the strength? Now, a lot of it's because the Coach brand keeps getting better and better… Now, why is Coach winning? I think this is another example of what we have seen in the consumer discretionary space for a while now. Consumers want value, not necessarily absolute value, but relative value. They want high-quality goods at reasonable prices… Photo by Stephen Dawson on Unsplash Tapestry (NYSE:TPR) designs and sells luxury accessories, apparel, footwear, and lifestyle products under brands such as Coach, Kate Spade, and Stuart Weitzman. The company's products include handbags, small leather goods, jewelry, eyewear, and home accessories for both men and women. While we acknowledge the potential of TPR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Bloomberg
36 minutes ago
- Bloomberg
Trump's Tariffs Spare Southeast Asia the Worst-Case Scenario
Each week we bring you insights into one of Asia's most dynamic economies. If you haven't yet, please sign up here. Trump's tariffs have finally arrived, and reporter Phil Heijmans breaks down what it means for the region. On the retail front, Low De Wei reports on the latest efforts to refresh Orchard Road, while Andrew Janes checks out the newly expanded and rebranded Singapore Oceanarium on Sentosa.
