RXI News and Press, iShares Global Consumer Discretionary

2024-08-01 12:06:59 ET AllianceBernstein indicated on Thursday that it is noticing signs that the consumer is facing more financial stress than they have over the past few years, but believes these challenges will not lead to a collapse in the consumer, rather a consumer that will change to...

2024-08-01 07:58:00 ET Summary We do see signs that consumers face more financial stress than they have over the past few years. Based on personal consumption expenditure data, services spending is growing faster than goods spending, and is almost back to its pre-pandemic share of...

2024-08-01 03:30:00 ET Summary Retail sales were strong in June, but some companies report a more cautious consumer. The back-to-school shopping season is critical for many retailers, and we’ll hear from many Consumer Staples and Discretionary firms in the coming weeks. ...

2024-07-31 00:30:00 ET Summary The Conference Board's Consumer Confidence Index ticked up in July, which rose to 100.3 this month from June's downwardly revised 97.8. Present Situation Index decreased while Expectations Index rose, signaling concerns about future economic conditio...

2024-07-30 09:58:53 ET Wells Fargo on Tuesday expressed some concerns related to the consumer stemming from the second quarter earnings season so far.  ... Read the full article on Seeking Alpha For further details see: Wells Fargo highlights concerns around the co...

2024-07-24 05:30:00 ET Summary The age-old relationship hasn’t changed and it can’t change because it is firmly rooted in economic reality. The nature of gold hasn’t changed over the past two years, so the commodity/gold ratio still should be positively correl...

2024-07-17 05:00:00 ET Summary The Census Bureau's Advance Retail Sales Report for June revealed headline sales were flat last month. Core sales (ex Autos) rose 0.4% in June, coming in higher than the expected 0.1% growth. Current control purchases are up 4.1% compared to June...

2024-07-17 03:00:00 ET Summary Retail sales without gasoline and auto sales jumped by 0.8% in June from May, seasonally adjusted, the biggest increase since January 2023, spread among many categories of retailers. The Atlanta Fed’s GDPNow forecast for Q2 real GDP was update...

2024-07-16 12:20:00 ET Summary U.S. retail sales for June showed unexpectedly robust performance, with overall sales remaining flat above expectations of -0.3% month-over-month. Excluding autos, sales increased by 0.4%, above flat expectations, while the key control group, which e...

2024-07-16 03:45:00 ET Summary Inflation is still affecting retailers - during the last earnings season, 73% mentioned inflation during their earnings calls. Walmart raised its full-year guidance as more consumers continued to gravitate towards everyday values and become loyal sho...