Resilient Retail Industry Shows Signs of Strength
#retail #economy #consumer_spending
August retail sales beat forecasts for a third month in a row, indicating a strong summer of consumer spending and a promising outlook for the economy.
Bloomberg L.P. is a prominent American privately held company specializing in financial software, data services, and media, headquartered in Midtown Manhattan, New York City. Founded in 1981 by Michael Bloomberg along with Thomas Secunda, Duncan MacMillan, Charles Zegar, and backed by a 12% investment from Merrill Lynch, it has grown into a global powerhouse in financial information and technology[1]. At the core of Bloomberg's offerings is the Bloomberg Terminal, a sophisticated financial software platform providing analytics, trading tools, and real-time data to financial professionals worldwide. This flagship product generates the majority of the company's revenue and is widely regarded as essential in global financial markets. Beyond software, Bloomberg also operates Bloomberg News, a major news agency delivering comprehensive business and economic news; Bloomberg Television, a global TV network; Bloomberg Radio; and publishes influential magazines like *Bloomberg Businessweek* and *Bloomberg Markets*[1]. Bloomberg L.P. has expanded strategically through acquisitions and innovations. In 2012, it acquired PolarLake, enhancing its enterprise data management capabilities. The 2015 purchase of Barclays’ index business for approximately $787 million expanded Bloomberg’s financial index offerings, rebranded as Bloomberg Index Services Limited[1]. In 2019, Bloomberg Media acquired CityLab from *The Atlantic*, marking its first editorial property acquisition in over a decade, broadening its coverage into urban issues like transportation and environment[1]. With nearly 20,000 employees and 176 locations worldwide as of 2019, Bloomberg remains a key player at the intersection of business, finance, and technology. Its blend of cutting-edge data technology and quality journalism continues to influence how financial markets operate and how business news is delivered globally, making it indispensable for professionals and enthusiasts alike[1].
#retail #economy #consumer_spending
August retail sales beat forecasts for a third month in a row, indicating a strong summer of consumer spending and a promising outlook for the economy.
#consumer_sentiment #inflation #economy
Unexpected decline in US consumer sentiment accompanied by rise in inflation expectations could have significant impact on overall economic outlook.
#couche-tard #7-eleven #retail #acquisition #convenience_store
Canada’s Alimentation Couche-Tard Inc. abandons bid to buy Seven & i Holdings Co. after lack of meaningful engagement. Stalled negotiations and potential impact on convenience store industry.