-
So maybe the economy won’t tank after all?
With help from Lisa Kashinsky THE END (MIGHT) BE IN SIGHT — Rep. Kevin McCarthy flipped 15 detractors in his hunt for the speakership today, but fell just short of being elected — for now. The House is adjourned until 10 p.m. EST this evening. The six Republicans who remained opposed to McCarthy throughout the day were Reps. Andy Biggs (Ariz.), Lauren Boebert (Colo.), Eli Crane (Ariz.), Matt Gaetz (Fla.), Bob Good (Va.) and Matt Rosendale (Mont.). If McCarthy can keep the rest of his conference together, he only needs two more flips from the remaining six to secure the speakership, assuming all House members are voting. Jerome Powell, chair…
-
Retail stocks including Macy’s, Target get smoked as markets tank after retail sales miss
The Grinch could be a short-seller this Xmas time. Retail stocks were tanking throughout the board on Thursday, as a substantially worse-than-expected November retail gross sales report early Thursday, blended with Wednesday’s most recent announcement from the Federal Reserve, experienced marketplaces beneath hefty offering stress. In early afternoon trading, shares of Macy’s (M) ended up off 3.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, when shares of Concentrate on (TGT) and Abercrombie & Fitch (ANF) were being down much more than 4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, amongst other noteworthy names underperforming in the retail place. The VanEck Retail ETF (RTH) — which counts Amazon, Home Depot and Walmart as its top a few holdings — was off 2.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in afternoon trade.…
World News Today
