Used car prices hit a record high this summer according to recent data from the business and research firm Cox Automotive. Economists there found car prices for July, which is usually a slow month, were up 5.1 percent from the same month last year. Why is this happening? Click the audio player above to hear the […]
Retail giant Walmart is faced with the rising cost of raw materials, labor, trucking and the possibility of a trade war. All of that means consumers may soon see price hikes. If Walmart takes the leap, other retailers are likely to follow. Click the audio player above to hear the full story.
Major department stores report their earnings this week, starting with Macy’s on Wednesday, followed by Nordstrom and J.C. Penney on Thursday. After a retail slump and slide over many quarters, Americans are coming back to shopping, and the numbers show stores are enjoying the trend. Click the audio player above to hear the full story.
The U.S. Census Bureau will release June retail sales data this morning. We already know that consumer spending is strong right now due in part to a tight labor market and inflation. But how are consumers financing their current spending spree and what are they spending on, exactly? Click the audio player above to hear the […]
If the threatened 25 percent tariffs on cars produced in the European Union coming into the United States are imposed, more and more people may head to the used car lot. Click the audio player above to hear the full story.
New numbers out Thursday show that Americans spent a lot of their paychecks on retail last month. U.S. retail sales were strong in May, rising about eight-tenths of a percent from a month earlier. That may sound small, but it’s the biggest one-month jump since last November. Among the merchants that got a lot of […]
