Big Retail's cautious forecasts are spooking Wall Street | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

American shoppers have almost single-handedly kept the US economy afloat by continuing to shell out cash for purchases despite stubbornly high inflation. But big retail’s cautious forecasts are spooking Wall Street.

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Forecasts from Walmart and Home Depot made for a grim day of trading on Tuesday.

Debt ceiling woes, home sales and union troubles: What Investors are watching today ▸ A new report from the Bipartisan Policy Center projects that, absent Congressional action, the debt limit “X Date” — the day when the US federal government can no longer meet all its obligations in full and on time — will likely arrive in summer or early fall of 2023. BPC’s range takes into account newly available data from the Congressional Budget Office and the Treasury Department.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Now that their credit card have high interest rates and their savings are drained, what will happen

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street has a higher chance of hitting earnings estimates: Jeremy SiegelJeremy Siegel says earnings estimates on Wall Street have a higher chance of being met as recession risk eases
Source: BusinessInsider - 🏆 729. / 51 Read more »