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MINNEAPOLIS--(BUSINESS WIRE)--Digi Unveils MQTT for Digi Connect Sensor XRT-M to Transform IIoT Data Integration.
Oil prices tumbled below $60 per barrel for the first time since February 2021. Lower oil prices have been a blessing for a few ETFs.
On April 28th, I sat down with Maggie Lake on her show, Maggie Lake Talking Markets. While we covered a lot of topics on my mind lately, the consumer is the ultimate test on the next market and economic direction.
These sectors are expected to record strong growth in the ongoing first-quarter earnings reporting cycle.
Last week's economic narrative was dominated by a surge in retail sales as consumers seemingly bought ahead of tariffs while a volatile stock market experienced a sharp mid-week sell-off following a Federal Reserve warning on tariff uncertainty. While March saw a significant jump in consumer spending, this pre-tariff strength is unlikely to be sustained.
As earnings season kicked off last week, JPMorgan's CFO Jeremy Barnum said on the conference call with analysts that consumers had been front-loading their spending ahead of anticipated price increases from tariffs.
The Census Bureau's Advance Retail Sales Report for March showed a surge in consumer spending last month, with headline sales rising 1.4%. This is up from February's 0.2% monthly growth and is the largest monthly increase since January 2023.
Frank Holland previews the retail sales report and shares insights from strategists Jimmy Lee, Kelly Cox, and Jay Woods on how to position ahead of the data release.
Matt Boss, JPMorgan managing director, joins 'Closing Bell' to discuss the retail landscape and his retail playbook.
China hit back with 125% tariff on the U.S. after the latter imposed 145% duty on Chinese goods.