NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: RH, up $95.81 to $707.14. The operator of Restoration Hardware stores blew…
Shares of Signet Jewelers (NYSE:SIG) rose 1.8% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were .
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As the economy reopens, consumer spending over the next two quarters is likely to be the strongest such period in at least 70 years , says Wells Fargo & Co.
NEW YORK/WASHINGTON (March 17): Shoppers are out for vengeance. A year into a pandemic that has devastated lives, jobs, and the economy, those who are lucky enough to have disposable income are ready to go out and splurge even if they still have nowhere to go in that stunning dress or those brand new sneakers. Some are calling this revenge spending .
US retail sales are near record highs and employment and vaccinations are on the rise. Americans have amassed a massive stockpile of excess savings Bloomberg Economics estimated it to be about US$1.7 trillion since the beginning of the pandemic through January. And that is about to be bolstered by a new round of stimulus payments. As the economy reopens, consumer spending over the next two quarters is likely to be the strongest such period in at least 70 years with a rebound i