USA retail sales jump in September on strong demand for autos

Retail sales rose 1.6 percent in September after slipping 0.1 percent in August the Commerce Department said Friday

Vehicle sales totaled $91.19 billion last month on an unadjusted basis, down from $97.14 billion in August and up from $87.28 billion in September 2016.

Retail trade sales increased 1.6% from August and 4.7% from past year.

U.S. consumer spending increased by 0.7% year over year in September and rose by 1.6% year over year, the largest increase in two and a half years, according to Friday morning's report from the U.S. Census Bureau on estimated retail sales. Auto sales jumped 3.6 percent, the most since March 2015. The July 2017 to August 2017 percent change was revised from down 0.2percent (±0.5 percent)* to down 0.1% (±0.1%)*. Without auto sales, the month-over-month increase in overall sales was 1 percent. Non-store retailers - primarily by e-commerce and catalog businesses - posted a 9.2% increase from September a year ago.

HighTower Advisors LLC Buys 13420 Shares of Manulife Financial Corp (MFC)
After $0.10 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -280.00% negative EPS growth. Investors often use this ratio to evaluate what a stock's fair market value should be by predicting future earnings per share.

Settlers of Catan Is Getting a Movie Adaptation
Thus, Sony sees vast potential, and has hopes of constructing a possible multi film franchise from the game's world. The project will be overseen by Andrea Giannetti ( Inferno, Passengers ) for Columbia.

Latest Analysts Reports: UDR, Inc. (UDR), Ford Motor Company (F)
FNY Managed Accounts LLC acquired a new stake in shares of General Motors in the 1st quarter valued at approximately $107,000. It is negative, as 75 investors sold GM shares while 286 reduced holdings. 71 funds opened positions while 297 raised stakes.

Economists had expected retail sales to spike by 1.7 percent compared to the 0.2 percent drop originally reported for the previous month.

Building material and garden equipment stores also put in a strong showing, with sales ahead by 2.1% to $32.31bn while gasoline station sales were 5.8% higher at $39.41bn.

Losing categories were electronics stores, down 1.1 percent for the month and 4.4 percent for the year, and department stores, down 0.4 percent for the month and 0.5 percent for the year.

Related:

  • ALCS Preview: Houston Astros Vs. New York Yankees

    ALCS Preview: Houston Astros Vs. New York Yankees

    Hinch didn't shy away from singing Keuchel's praises for his work against the Yankees. "Let's go Yanks!" another fan said. The victory put the Cubs up 2-1 in the best-of-five series with a chance to close it out at Wrigley Field on Tuesday.
    USA  nuke-powered submarine makes port call in S. Korea

    USA nuke-powered submarine makes port call in S. Korea

    A Los Angeles-class attack submarine made a stop in the South Korean port of Jinhae, the U.S. It was the second port call of the USA submarine to the South Korean port city.
    Eddie Howe comments on Harry Kane and Christian Eriksen

    Eddie Howe comments on Harry Kane and Christian Eriksen

    But Pochettino says there is a marked difference between the way the Manchester clubs are able to spend and how others must be more cautious.
  • Child Marriage Act: Rights panels assail senators for rejecting amendment

    Child Marriage Act: Rights panels assail senators for rejecting amendment

    The ruling overturns a provision in the penal code that allowed sex with a girl over 15 years-old if the couple was married. A detailed coverage of the arguments and verdict in the said case is available here.
    Earnings Yield and Valuation Review For Rice Midstream Partners LP (NYSE:RMP)

    Earnings Yield and Valuation Review For Rice Midstream Partners LP (NYSE:RMP)

    Another way to determine the effectiveness of a company's distributions is by looking at the Shareholder yield (Mebane Faber). The consensus target price for Magellan Midstream Partners ( MMP ), provided by the analysts surveyed by Reuters, is $78.5.
    Top RINO Susan Collins to leave the Senate?

    Top RINO Susan Collins to leave the Senate?

    Had she run and won the race for governor in 2018, she would have become the first woman in ME to hold the office. Paul LePage welcomed Collins to a food drive photo op just before the Election Day when he won his second term.
  • Mobile To Cap Mobile Without Borders To 5GB

    Mobile To Cap Mobile Without Borders To 5GB

    You will get unlimited amount of data but after a certain cap the service provider will slow down the connection or throttle. A customer with a 6GB limit will only have 4GB to use overseas if they've already burned through 2GB, for instance.
    New Samsung Galaxy J2 (2017) is priced at just Rs. 7390

    New Samsung Galaxy J2 (2017) is priced at just Rs. 7390

    The device has been priced at Rs 7390 and is now available via offline shops and the brand's own e-Store. As per the latest rumour, the Galaxy S9 may feature a 3D sensor equipped front-facing camera.
    Canada Quality Mix Ishares ETF (QCAN): Following the Numbers

    Canada Quality Mix Ishares ETF (QCAN): Following the Numbers

    Advisory Services Network LLC increased its position in iShares MSCI South Korea Index Fund (ETF) by 16.6% in the second quarter. The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending.
  • Chelsea's Kante ruled out for three weeks

    Chelsea's Kante ruled out for three weeks

    The Spaniard limped out of Chelsea's 1-0 defeat to City at Stamford Bridge and subsequently missed the worldwide break with Spain. "This is a big loss for us". "Kante is going to have a scan next week to check if his hamstring problem is improving".
    Facebook now lets you order food without leaving Facebook

    Facebook now lets you order food without leaving Facebook

    From there, if a restaurant supports more than one of Facebook's ordering partners, you'll be able to choose between them. Shares of food order and delivery service GrubHub Inc dropped almost 3 percent.
    Bank of America third-quarter profit rises 13 percent, beat forecasts

    Bank of America third-quarter profit rises 13 percent, beat forecasts

    Matthew Knauer increased its stake in Bank Amer Corp ( BAC ) by 231.67% based on its latest 2017Q2 regulatory filing with the SEC. Asset Mngmt holds 56,631 shares or 0.02% of its portfolio. 74,500 were reported by Legg Mason Asset Management (Japan).

Comments

Latest news

Kurds on high alert as Iraqi forces mass near Kirkuk
According to results announced by the KRG, nearly 93 percent of registered voters cast ballots in favor of independence.

Jason Aldean plays first gig since Las Vegas shooting
He went on to explain that he hopes that nobody there ever experiences anything like that in their life. The day before, Aldean performed on " Saturday Night Live " in tribute to the victims.

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Expected To Report Earnings On Wednesday
Traders are more bullish on Blackhawk Network Holdings, Inc recently if you take a look at the decrease in short interest. Credit Suisse downgraded Blackhawk Network Holdings Inc (NASDAQ: HAWK ) on Thursday, February 16 to "Neutral" rating.

Endo Health Solutions Inc (NASDAQ:ENDP) Stock Price While Sentiment Increases
Laurion Management Lp holds 0% of its portfolio in Endo International plc - Ordinary Shares (NASDAQ: ENDP ) for 19,100 shares. Standpoint Research upgraded Endo International plc - Ordinary Shares (NASDAQ: ENDP ) on Friday, November 13 to "Buy" rating.

Sergio Aguero 'ready' for Man City return after Amsterdam crash
Guardiola also stated on team spirit: "I think it is a big mistake when you say that a player is more important than others".

Tianjin Open: Maria Sharapova beats Stefanie Voegele to reach semi-final
She saw off 71st-ranked Linette in just over 98 minutes to reach only her second quarter-final since her return to action. But Voegele quickly let Sharapova back on serve, double faulting down break point in the very next game.

Rahul Gandhi has given excellent hope for Congress in Gujarat: Veerappa Moily
During his two-hour long meeting with top leaders -party general secretary in-charge of Karnataka K.C. When Atal Bihari Vajpayee led NDA government came to rule, Sardar Patel was awarded the Bharat Ratna.

Aston Martin DB11 Volante unveiled
Aston Martin has unveiled what is potentially one of the best looking cars of the year - the new DB11 Volante. The interior has new features too, including wood or carbon fiber veneer panels on the seat backs.

CSO publishes figures on Mayo Travellers, ethnicity and religion
According to Census 2016 data released yesterday, 481,388 people stated they had no religion - compared to 204,151 in 2011. The average age of Catholics in the county was 40.6 years, slightly above the county's overall average age of 40.2 years.

Whiting Petroleum Corporation (WLL), New Gold Inc. (NGD)
Murphy Oil Corporation has 173.28 million shares outstanding, and in the last trade has seen ATR around 0.69. The brokerage issued a hold rating and a $6.00 target price on the oil and gas exploration company's stock.

Gambit movie has a new release date
Gambit always was known for being a romantic, so it's only appropriate that his movie is opening on Valentine's Day. Now, however, 20th Century Fox has finalized a release date for the film.

Facebook will help investigators release Russian Federation ads, Sandberg tells Axios
Business Insider said Britain was already considering regulations that would treat Facebook more like a media company. Sandberg said Facebook didn't catch these ads earlier because it was focused on other threats, such as hacking.

Gulf International Bank (uk) Ltd Raises Its Ownership in Starbucks Corporation (SBUX)
After $0.55 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Investors may be interested in viewing the Gross Margin score on shares of Starbucks Corporation (NasdaqGS: SBUX ).

Honor 6C Pro with Android 7.0 Nougat, 3GB RAM announced
Pricing and availability of the device are yet to be disclosed officially but that should happen soon. Huawei held a presentation in France and several other European countries Honor smartphone 6C Pro.

U.S. soccer flop highlights National Football League (and Pads) advantage
Others say MLS doesn't offer players the same intensity as European clubs, where they face world-class talent day in and day out. While Kreis has more postseason success, he's six years younger than Vermes and may get his chance at the USMNT at a later date.

Other news