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☆ Retail sales fell 0.6% in November as consumers feel the pressure from inflation
▼ + stars: | 2022-12-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Retail sales for the month declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop. Stock market futures added to losses following the report, with futures tied to the Dow Jones Industrial Average off about 350 points. On a year-over-year basis, retail sales increased 6.5%, compared to a CPI inflation rate of 7.1%. In other economic news Thursday, the Labor Department said weekly jobless claims fell to 211,000, a decline of 20,000 from the previous period and well below the Dow Jones estimate for 232,000. Also, separate surveys from regional Federal Reserve districts showed contraction in manufacturing activity in December.

☆ Consumers see inflation easing considerably in the next year, New York Fed survey shows
▼ + stars: | 2022-12-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

In addition to the brightened short-term outlook, the inflation-rate projection for three years from now edged lower to 3%, down 0.1 percentage point from the previous month. The most recent annual inflation rate as gauged by the consumer price index was 7.7% in October. The central bank's Survey of Consumer Expectations indicated that respondents see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading. The survey comes as Fed officials have indicated the likelihood of a 0.5 percentage point interest rate hike coming this week when policymakers conclude their two-day meeting Wednesday. Respondents to the New York Fed survey said they see gas prices rising 4.7% and food up 8.3% in the year ahead.

☆ Is this the last Christmas for Sears?
▼ + stars: | 2022-11-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +13 min

Easterling was at the Sears in her hometown of Jersey City, New Jersey, one of only 15 full-line Sears stores still open. The two started a catalog business selling watches and jewelry in 1888, incorporating under the Sears Roebuck name in 1893. The Sears catalog was the way many Americans first started to buy mass-produced goods. File photo/AP People shop inside a Sears store in Morton Grove, Illinois, in 1961. AP Soldiers guard a Sears store in Baltimore after riots broke out following the assassination of Martin Luther King Jr. in 1968.

☆ U.S. holiday sales to slow as inflation tests consumer resilience -report
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] A boy and his father walk through the toy section of Walmart on Black Friday, a day that kicks off the holiday shopping season, in King of Prussia, Pennsylvania, U.S., on November 29, 2019. REUTERS/Sarah Silbiger./File PhotoNov 3 (Reuters) - U.S. holiday sales are expected to rise at a slower pace this year, a trade group said on Thursday, at a time when decades-high inflation has left Americans struggling to pay bills, draining some of the Christmas cheer from households. The National Retail Federation (NRF) forecast holiday sales, including e-commerce and non-store sales, to rise between 6% and 8% to between $942.6 billion and $960.4 billion during November and December. "While (early discounts) may result in some sales being pulled forward, we expect to see continued deals and promotions throughout the remaining months," NRF Chief Economist Jack Kleinhenz said. "In the face of these challenges, many households will supplement spending with savings and credit to provide a cushion and result in a positive holiday season," President and Chief Executive Matthew Shay said.

☆ Chipotle says price hikes lift revenue as customers show ‘minimal resistance’
▼ + stars: | 2022-10-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts' expectations as another round of price hikes hit its menus. CEO Brian Niccol said that the company saw "minimal resistance" to higher menu prices during the quarter, although transactions declined 1%. The company reported paying more for dairy, tortillas, avocados, packaging and labor. For the fourth quarter, Chipotle is predicting same-store sales growth in the mid- to high-single digits.

☆ London, Paris, Frankfurt and beyond: CNBC names Europe's best hotels for business travel
▼ + stars: | 2022-10-04 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: +10 min

CNBC Travel and the market data firm Statista today release a ranking of the "Best Hotels for Business Travelers" in Europe. FrankfurtSofitel Frankfurt Opera JW Marriott Hotel Frankfurt Best Western Premier IB Hotel Friedberger Warte Le Meridien Frankfurt Steigenberger Airport Hotel FrankfurtSofitel Frankfurt Opera Source: Sofitel Frankfurt OperaThe Sofitel Frankfurt Opera is on Opera Square, or the Opernplatz, near the city's famed opera house. ParisLe Bristol Paris Les Jardins du Faubourg Kimpton - St Honore Paris Pullman Paris Center-Bercy Le MeuriceLe Bristol Paris Source: Le Bristol Paris | Claire CocanoGuests of Le Bristol Paris can count President Emmanuel Macron as a neighbor — Elysee Palace, the official residence of France's president — is just steps away. StockholmGrand Hotel Stockholm Radisson Blu Waterfront Hotel Stockholm Hotel At Six Bank Hotel Lydmar HotelGrand Hotel Stockholm Source: Grand Hotel StockholmTying for No. ViennaPalais Coburg Hotel Residenz Hotel Sans Souci Wien The Ritz-Carlton, Vienna The Harmonie Vienna Grand Hotel Wien This grand hotel built in 1845 is the former home of Austrian royalty.

☆ OPINIE | Ala Tocarciuc: Între profitabilitate și realitate sau cum readucem sistemul de sănătate la viață?
▼ + stars: | 2020-10-07 | by ( ) agora.md time to read: +24 min

Aceasta înseamnă că fondul medical se suplinește din contribuția fiecăruia în parte, indiferent de starea de sănătate a contribuabililor. Aproximativ 20 ani în urma în Moldova a fost implementată reforma sistemului medical care a înlocuit sistemul de tip sovietic cu unul nou. Devenind fondatorii spitalelor, autoritățile publice locale, au căutat în primul rând să asigure sănătatea și asistența medicală a populației din comunitatea sa. Ala TocarciucAcest element îl subliniez în contextul acestui paragraf întrucât el constituie una din problemele majore ale lentului colaps al sistemului medical moldovenesc. În paralel, trebuie elaborate și alte stimulente materiale și nemateriale pentru păstrarea medicilor în sistemul medical.

Persons: Otto von Bismarck, Ala, Bismarck Organizations: Europene, Comunitatea, Comunitatea Statelor Independente, CSI, Ministerul Sănătății, Ministerului Sănătății, Națională de Asigurări, Compania Națională de Asigurări, Sănătății, Marea Britanie, Suedia, Norvegia și altele Locations: Prussia, Moldova, Europa de Vest, Est, Sovietice, Comunitatea Statelor, UE, Britanie, Suedia, Norvegia, Republica Moldova, Medicină, Republicii Moldova, nefinanțate, Statele Unite, Chișinău, Moldovei, AGORA

☆ In pictures: The rise and fall of Sears
▼ + stars: | 2020-05-19 | by ( ) edition.cnn.com time to read: +1 min

Black Friday shoppers line up outside a Sears store in King of Prussia, Pennsylvania, in 2007. Sears was both the Walmart and Amazon of its time. But Sears, like many department stores, has fallen on hard times. The decision kept 425 stores open and saved the jobs of about 45,000 employees. But its downward spiral has continued, leaving the company with only 15 full-line Sears stores still open, and only 7 Kmarts, with three of those in the US Virgin Islands, one in Guam and only three in US mainland.

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