U.S. orders for durable goods plunged 17.2% in April, the government said Thursday, offering a fresh sign of how the coronavirus crisis has hammered the U.S. economy. Economists polled by MarketWatch had expected a tumble of 18.2%. A key measure of business investment known as core orders fell 5.8% vs. forecasts for a decline of 15.4%.
Sales of long-lasting goods tumbled in April, as businesses cut investment in response to the global coronavirus pandemic. Orders for durable goods-- products designed to last longer than three years such as washing machines, bulldozers and cars-- fell 17.2% from a month earlier, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal expected a 17% drop in orders.
Orders for durable goods tumbled 17.2% in April, the government said Thursda y, offering a fresh sign of how the coronavirus crisis has hammered the U.S. economy. Economists polled by MarketWatch had expected a drop of 18.2%. A key measure of business investment known as core orders fell 5.8% vs. forecasts for a decline of 15.4%.
Kenya's shilling is expected to weaken against the dollar in the week to next Thursday, while Uganda's will strengthen, traders said. KENYA. The Kenyan shilling could come under pressure from end-of-month dollar demand from the energy sector and multinational companies paying dividends. Commercial banks quoted the shilling at 107.00/20 per dollar, compared with 106.70/90 at last Thursday's close.
Global auto sales for Japanese carmakers more than halved in April as the coronavirus pandemic forced governments to impose lockdowns that left streets empty and showrooms deserted. Japan's top eight automakers together posted a decline of 54.4% in April sales, according to a Reuters calculation.
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders.
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders. Ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed at limiting the sector's costly paper trail.
Pool Corporation (POOL) today provided a business update based on current market trends. “Over the past few weeks as the COVID-19 pandemic continues to evolve, the market conditions affecting our business also continue to evolve. Below are trends that we have observed to date in the second quarter of 2020.
Analysts are drawing comparisons between Tractor Supply's (TSCO) forecast and what Lowe's (LOW) reported in its quarterly earnings. Tractor Supply Co. (TSCO) is getting a major boost from its focus on the rural lifestyle, which has become more appealing to U.S. consumers during the coronavirus pandemic, analysts say. Tractor Supply (TSCO) stock jumped 8% in Wednesday trading after the rural retailer pre-announced a blockbuster second quarter outlook, with sales growth of 24% to 29% expected,...
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