Consumers Hesitate to Spend Amid Mixed Economic Signs
Analysts say the missing piece to a stronger economy is consumer spending as April retail sales were flat. While ISM May manufacturing beat forecasts and job gains improved, economists expect May retail sales to rise 1.1% to 1.2% to confirm that shoppers are reengaging.
MENTIONED IN THIS ARTICLE
Brad McMillan
Commonwealth Financial Network
ISM
McMillan
SigFig investors featured in Did You Know facts
A compact note highlights Americans using SigFig tracking services, detailing how investors monitor portfolios, seek fee transparency, and rely on digital tools to compare performance. It spotlights retail investors, fintech platforms, and the trend toward low cost, automated portfolio management.
How We're Performing USA Portfolio Allocation by Risk
SigFig analyzes USA investors assets totaling $200 billion across portfolios. Data show AAPL as largest holding and most bought, with APT among most sold, based on over half a million investors using SigFig for online tracking.
MENTIONED IN THIS ARTICLE
USA
America
SigFig
AAPL
JBLU
RAD
APT
CGEN
Stocks Traders React To Dividend Hike And Buyback Boost
The retailer will raise its quarterly dividend to 56 cents a share and expand its stock buyback by 5 billion dollars after an inadvertent early release. Tesla CFO Deepak Ahuja retires and assists in appointing a successor as the company confirms leadership transition. Recon Technology says it secured subcontractor qualification to work for a unit of China Petrochemical Corp.
MENTIONED IN THIS ARTICLE
Target
Tesla Motors
Deepak Ahuja
Tesla
Recon Recon
China Petroleum and Chemical Corp
Los Angeles Raises Minimum Wage to 15 Dollars an Hour
The city approves raising the minimum wage from nine to fifteen dollars an hour, a 67 percent increase phased in through 2020. The change, largest among major cities and part of a nationwide trend, will gradually raise costs for businesses while investors anticipate how firms adjust.
MENTIONED IN THIS ARTICLE
Los Angeles
McDonald’s
Johnson Controls weighing sale of automotive unit this year
Johnson Controls said it is exploring a strategic review of its automotive seating business with no timing, eyeing growth options while potential buyers such as Lear Corp or Chinese manufacturers are mentioned. The move, tied to portfolio management, could yield a $20 to $40 billion deal amid strong auto industry demand.
MENTIONED IN THIS ARTICLE
Johnson Controls
Alex Molinaroli
Theodore O’neill
Ascendant Capital Markets
O’neill
Lear Corp
Citi
Stay Michaels
JCI
U.S
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