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Wednesday, November 13, 2019
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Consumer discretionary and consumer staples companies news.

In what some would consider a bold move, Walmart announced today that it will no longer sell handgun and short-barrel rifle ammunition when its current inventory is sold off. This includes .223 and 5.56 caliber ammunition that is used in assault-style weapons.The world’s...
Effective at midnight ET last evening, $112 billion of Chinese goods will now be levied tariffs of 15 percent per President Trump’s orders. Many items American consumers use every day will now cost them more money as the ongoing trade war intensifies. Household staples and grocery items...
Wells Fargo, the world’s fourth-largest bank and financial services firm, is anticipating a weaker than average holiday shopping season in the coming months. This, despite retailers’ expectations that the fourth quarter will bring brisk business as usual.Ike Boruchow, a senior analyst at Wells...
Thanks to new tariffs imposed by China set to go into effect next month, a number of U.S. companies will feel the pinch, while American consumers will likely pay more for their products in the coming months.Two days ago, China announced new tariffs...
According to last month’s report from the U.S. Commerce Department, retail sales in July surged ahead. While U.S consumers bought fewer automobiles, retail sale's data was optimistic. The news comes at a time when Americans need to hear something positive as analysts sounded alarms about growing recession...
According to the National Bureau of Economic Research, the typical household in the U.S. spent $419 on purchases of imported products in 2018. If the U.S. administration's latest promise to further increase tariffs comes to fruition, household products will cost consumers even more.The...
In July, consumer confidence rebounded from the previous month, marking the highest level of the year so far and the highest seen since last November.The business research group, The Conference Board, pointed out that according to its index, consumer confidence went from 124.3...
In what is said to be one of the largest banking hacks in history, the private information of around 106 million Capital One users were stolen. The accused hacker was arrested on Monday after authorities said she bragged about the hack online.According to...
On Monday, Amazon will be able to evaluate its one-day delivery promise during one of its busiest shopping days. Amazon’s annual Prime Day, which it rolled out in 2015 to commemorate its 20-year anniversary, has been extended to a two-day event and is expected to gross between...
A new report from former Wall Street securities analyst Mary Meeker shows that the healthcare industry is becoming more digitized. The report, Internet Trends, illustrates that the healthcare ecosystem is focused on updating its systems and practices to deliver more personalized healthcare.Health wearables...