Stocks fell on Tuesday, with the major indexes pulling back from record levels amid a mixed batch of earnings results from major retailers. A closely watched monthly report on retail sales also missed estimates, pointing to a bigger-than-expected deceleration in consumer spending. The S&P 500 declined after closing at an […]
Retail
Stocks turn negative despite unexpected rise in retail sales
Stocks erased earlier gains to turn lower on Friday as traders digested a slew of earnings results and a new report on consumer spending that came in stronger-than-expected for June. The S&P 500, Dow and Nasdaq each erased gains to turn negative after opening higher. This week, investors have taken […]
Luggage retail chain Witco shuts business after 65 years due to Covid-19 curbs
Luggage and personal effects retail chain Witco has announced the closure of its business after 65 years of operation due to Covid-19 disruptions. While the company had announced the closure of its business via its Facebook page in April, the news only came to light this week. As per the […]
Japanese Financial Giant GMO Internet Group Partners with INX Limited to Bring NYDFS Regulated Stablecoins to Retail and Institutional Investors
GMO Trust is the New York-based, regulated stablecoin subsidiary of Japanese Internet and Financial Services conglomerate GMO Internet Group (“GMO Group”). This represents a heavyweight partner in the financial industry for INX, with GMO Group owning and operating the world’s largest retail online FX trading platform by volume, a Japanese […]