Retail sales flat in third quarter as car demand slows
U S consumer spending was largely unchanged in July with only a 0.1 percent gain excluding cars. The Commerce Department data show a tepid wage backdrop and a June 0.2 percent rise, while economists expected 0.2 percent. Macy’s and other retailers rely on promotions. eight of thirteen major categories rose led by clothing groceries and personal care stores.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Bloomberg
Macy’s Inc
Stephen Stanley
Pierpont Securities
Stamford
Macy’s
New York
Deere scales back output as forecast cut on lower demand
Deere & Company cuts its fiscal year profit forecast to about 3.1 billion and plans to reduce production as record crops and falling grain prices dampen farmer spending. Equipment sales are seen down roughly 6 percent with U.S. and Canada prospects around a 10 percent drop. Chairman Samuel R. Allen cites demand-driven production cuts amid weakening farm income.
MENTIONED IN THIS ARTICLE
Deere
Moline
U.S
Canada
Link between feminine faces and lower offers in negotiations
A Washington Post report summarizes a study in Organizational Behavior and Human Decision Processes showing people with feminine facial features are offered less in negotiations. In a simulated trial, participants expected feminine-faced opponents to cooperate more and demanded higher terms against them.
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