With several retailers set to report their quarterly earnings this week, Yahoo Finance's Brad Smith gives an overview of the current state of the consumer.
Now, just today, Abercrombie and Fitch posted its strongest first quarter ever with sales jumping 22%.The company's comparable sales rose more than double what Wall Street had predicted the company attributing growth to increased transactions.And just two weeks ago, Yahoo Finance spoke with the CFO of Walmart, John David Raine after that retailer's quarterly results and he touted strength in the consumer.We are like everyone else is looking for.
Consumers are still paying higher prices as well for food, which is translating into increasing offerings of value menus at fast food joints like Wendy's mcdonald's, you know the deal Taco Bell Burger King where you rule meet giants Tyson. Stocks held by ARK Invest's flagship innovation fund have seen huge losses. Here are the fund's 10 biggest losers.
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