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FTSE 100 scores third straight win after weak retail sales throw August rate hike into question

“The pound slump and FTSE rise came after a disappointing reading on U.K. retail sales in June” writes Markets Reporter for marketwatch.com. A weaker pound can boost the FTSE 100, as many of the index’s multinational companies generate most of their sales in other currencies.U.K. stocks ended higher on Thursday and the pound tumbled after disappointing British retail sales stoked speculation the Bank of England may refrain from hiking interest rates in August. Source: marketwatch.com Share This:

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FTSE 100 holds steady as traders focus on retail sales data

“Focus is on the retail sales report for June and what it could mean for the path of interest rates” writes Markets Reporter for marketwatch.com. The retail report is due out at 9:30 a.m.That gain came as the pound tumbled, after a disappointing reading on inflation raised doubt that the BOE will lift interest rates next month.U.K. stocks struggled for direction in early trade on Thursday, as traders stayed on the sidelines ahead of a report on retail sales that could influence the case for a Bank of England interest…

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Amazon hands goodwill to eBay with move to shut Australians out of overseas sites

“While neither Amazon nor eBay provide data on visitors to their sites and estimating their share of Australia’s A$26 billion-a-year online retail market is difficult, customer dissatisfaction with Amazon Australia is not hard to find” writes Midwest Communications Inc for 95kqds.com. Securities analysts argue, however, that Amazon plays a long game and that given its track record in dominating online retail in many countries, whatever missteps it makes can be fixed over time. Source: 95kqds.com Share This:

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Walmart, Microsoft in partnership to use cloud tech

“Through the partnership, Walmart plans to defend itself from Amazon’s retail ambitions and expertise in data, and boost its online presence” writes Midwest Communications Inc for 95kqds.com. The five-year agreement will leverage the full range of Microsoft’s cloud solutions, including Microsoft Azure and Microsoft 365, to make shopping faster and easier for customers, the Bentonville Arkansas-based company said.(Reuters) – Retail giant Walmart Inc said on Tuesday it entered into a strategic partnership with Microsoft Corp for wider use of cloud and artificial intelligence technology, in a sign of major rivals…

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Urgent care centers often prescribe unnecessary antibiotics

“This included about 2.7 million urgent care visits, 58,000 retail clinic visits, 4.8 million emergency room visits, and 148.5 million visits to doctors’ offices” writes Midwest Communications Inc for 95kqds.com. “I think most of what drives use of these settings, such as urgent care, retail clinics and emergency rooms, is (their) increasing availability . . . combined with lack of access to primary care,” Redberg said. “By seeking medical attention, particularly at a urgent care or retail clinic, you are likely to get an unnecessary antibiotic, which may be harmful…

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The new Moto X smartphone is 50% off for Prime Day

“In addition, the smartphone comes pre-installed with Amazon apps, such as Prime movies and TV shows, Prime Music, Prime Photos storage, Alexa, and the Amazon Widget for Prime members to get access to daily deals from the online retail giant” writes Mashable Deals for mashable.com. Amazon is now offering a 32GB model for only $199.99, which is 50% off its retail price. Source: mashable.com Share This:

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Strong U.S. retail sales brighten economic outlook

“The Commerce Department said on Monday retail sales increased 0.5 percent last month” writes Midwest Communications Inc for 95kqds.com. Excluding automobiles, gasoline, building materials and food services, retail sales were unchanged last month after an upwardly revised 0.8 percent increase in May.Forecasting firm Macroeconomic Advisers raised its April-June quarter GDP growth estimate to a 5.1 percent annualized rate from 4.9 percent.Economists had forecast retail sales rising 0.5 percent in June. Source: 95kqds.com Share This:

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Cars drive an increase in U.S. retail spending

“The Commerce Department said on Monday retail sales increased 0.5 percent last month” reports autoblog.com. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.May’s rise in retail sales was the largest since September 2017.Excluding automobiles, gasoline, building materials and food services, retail sales were unchanged last month after an upwardly revised 0.8 percent increase in May.Economists polled by Reuters had forecast retail sales rising 0.5 percent in June. Source: autoblog.com Share This:

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U.S. retail sales climb again in June after jumbo gain in May

“Gas stations posted a 1% increase last month and sales are up a whopping 21.6% in the past year” writes Jeffry Bartash for marketwatch.com. Retail sales have increased 6.6% over the past 12 months, slightly above the long-run average since 1980.Americans raised spending in the spring on a variety of goods and services, spurring businesses to increase hiring and production.The increase last month followed an even bigger burst of spending in May, when sales grew a revised 1.3% instead of previously reported 0.8%. Source: marketwatch.com Share This:

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