Skip to main content

Featured

Europe at a Crossroads: Trump’s Stark Warning in Davos

                                              A lit up sign put up over Davos ahead of President Trumps arrival At the World Economic Forum in Davos, President Donald Trump delivered a pointed critique of Europe’s current trajectory, arguing that the continent is “heading in the wrong direction.” His remarks added a sharper edge to a summit already defined by global uncertainty and competing visions for the future. Trump’s comments focused on what he described as Europe’s economic stagnation, political fragmentation, and policy choices around migration and energy. He suggested that these decisions were weakening Europe’s long‑term stability and diminishing its global influence. Framing the issue in broader terms, he emphasized that global prosperity is closely tied to American economic strength, asserting that a strong United States remains essent...
Post a Comment
Read more

article

Labels

US holiday retail sales grow 3.1%, down from prior year -Mastercard



US retail sales rose 3.1% between Nov. 1 and Dec. 24, rounding up a majority of the holiday sales for retailers, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday.

The increase is lower than the 3.7% growth Mastercard forecast in September, and has slumped from last year’s 7.6% as higher interest rates and inflation pressured consumer spending. Sales in the apparel and restaurant categories rose 2.4% and 7.8%, respectively, during the holiday shopping period, according to the Mastercard Spending Pulse report, while sales of electronics fell 0.4%.

Ecommerce sales grew at a slower pace of 6.3% from last year’s 10.6% as the popularity of online shopping came off pandemic highs, the report showed.

Labels:

Comments

Post a Comment