High-End Malls Get Boost from High-Tech Stores
J.C. Penney Reports Strong Sales Growth; Shares Surge--2nd Update
Increasing employment and income data suggest that retail sales could accelerate even more from here.
Shopping center data hit new highs, auto sales broke all expectations in June despite strong headwinds, and pending home sales made one of their biggest jumps in the recovery.
A skills mismatch and lack of labor mobility could trouble the employment market.
Even amid market mood swings courtesy of the Fed, steadily rising employment offset weak manufacturing data.
Amid shifting consensus estimates, my moderately bullish U.S. GDP growth outlook remains relatively unchanged, writes Morningstar's Bob Johnson.
Last week's GDP revisions gave everyone a chance to revisit where the economy is and where has it been.
Recent lackluster spending data suggest the consumer is not as strong as some may believe, says Morningstar's Bob Johnson.
Why Morningstar's Bob Johnson is not the most optimistic guy on the street.