According to the Institute for Supply Management, economic activity in the services sector grew in May for the 24th month in a row with the Services Purchasing Managers’ Index registered 55.9%, above the 50% gain/decline line. Retail, however, didn’t fare...
According to National Retail Federation chief economist Jack Kleinhenz, the United States Federal Reserve faces “a tricky job” in addressing inflation, but ongoing growth in employment, wages and consumer spending make it unlikely the effort will generate a major...
The Conference Board Consumer Confidence Index dipped a bit in April after increasing in March. The Index now stands at 107.3, still in plus-100 positive territory, but down from 107.6 in March, the Conference Board stated. The Present Situation Index, based on...
In the first quarter, Amazon had to cope with an environment where a weakening pandemic, snarled supply chains and international turmoil hit operations and pressured earnings. Net loss in the quarter was $3.84 billion, or $7.56 per diluted share, the company reported,...
As the war in the Ukraine continues, Amazon has launched the Welcome Door program, an initiative to provide refugee and humanitarian-based immigrant employees with additional resources and support, including reimbursement for Employment Authorization Document fees....
