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El Salvador Makes Bitcoin Legal Tender, Will Others Follow?; Secrets of Mall Survival

El Salvador s legislature has adopted a bill making Bitcoin legal tender, the first nation to recognize the cryptocurrency as an acceptable form of payment for all debts. "Although enclosed shopping ....

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Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion

Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion
On 6/3/21 at 4:32 PM EDT
CryptoCorner
Bitcoin may be poised to move higher, but it won t be a meteoric rise, and any increase will be well below the cryptocurrency s all-time high. The world s leading crypto by market cap has rebounded and traded in a narrow range after falling as much as 50% from its record high last month.
However, Bitcoin mining activity suggests a move above $40,000 is possible.
Several on-chain and network indicators have reflected a bullish skew over the week, albeit most being relatively neutral for the short and medium-term, Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore, said in a research report. ....

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US retail sales jump 9.8pc in March | Money

Thursday, 15 Apr 2021 11:15 PM MYT
Customers look at ‘Beauty and the Beast’ merchandise in a Disney Store in New York May 9, 2017. Reuters pic
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WASHINGTON, April 15 US retail sales jumped 9.8 per cent in March compared to the prior month, as Americans spent more in restaurants and on sporting goods, gardening and cars, the Commerce Department announced today.
Sales were 27.7 per cent higher than in March 2020 when the Covid-19 pandemic shutdowns began, according to the report.
While rising energy prices have impacted inflation data for March, retail sales rose 9.7 per cent even when gasoline stations are excluded from the calculation, the report said. ....

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Diamonds.net - Winter Storms Slow US Retail Sales

Winter Storms Slow US Retail Sales
RAPAPORT. US retail sales faltered in February as winter storms impacted consumers’ ability to shop, the National Retail Federation (NRF) said.
Revenues slipped 3% versus January’s total, with major snowstorms hitting the country’s northeast, and ice storms in the south cutting power in many locations, according to data the US Census Bureau reported Tuesday. Government stimulus checks, increased Covid-19 vaccinations, and reduced restrictions also buoyed January’s figures. However, February sales were up 6% compared to the same month in 2020.
“February’s retail sales numbers are a minor speed bump on the road to post-pandemic recovery, and are not a reflection of consumers’ willingness and ability to spend and drive the economy,” noted NRF CEO Matthew Shay. ....

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Euro dips below 1.19, US retail sales see red - MarketPulse

Euro dips below 1.19, US retail sales see red
March 16, 2021SharePrint
The euro continues to weaken this week, as the currency is down for a third successive day. Currently, EUR/USD is trading at 1.1894, down 0.30% on the day.
German ZEW Economic Sentiment rises
The euro remains under pressure, and even a strong outing from the German ZEW Economic Sentiment earlier in the day has failed to stem the currency’s slump. In March, the indicator rose to 76.6, up from 71.2 beforehand. This marked a fourth straight month of acceleration, pointing to stronger confidence in Germany’s economy from financial experts. The Eurozone ZEW reading showed a similar move, rising from 69.6 to 74.0. ....

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