U.S. Retail Sales Climb More Than Expected Due To Amazon Prime Day
Thursday, 15 August 2019 The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July, partly reflecting the impact of online retail giant Amazon's (AMZN) Prime Day promotion. The report said retail sales climbed by 0.7 percent in July after rising by a revised 0.3 percent in June.
Real Money Stock of the Day FedEx reported adjusted earnings per share of $3.05 for the quarter, missing analyst expectations of $3.15, though revenue of $17.04 billion met estimates. Why is the stock..