Berita Valas

U.S. Retail Sales Slump Much More Than Expected As Auto Sales Plunge

Partly reflecting a slump by auto sales, the Commerce Department released a report on Friday showing retail sales in the U.S. fell by much more than expected in the month of January. The report said retail sales slid by 0.9 percent in January after climbing by an upwardly revised 0.7 percent in December. Economists had expected retail sales to edge down by 0.1 percent.

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CPSC Recalls: 1 Mln Coolers, 27K Air Pistols, 23K Climbing Ropes, Target's Menorahs, Pajama Sets

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including Igloo's more than 1 million 90 Quart Rolling Coolers, Umarex USA's about 26,500 units of Air Pistols, Setsmart's about 22,500 units of LoGest Climbing Ropes, Target's Hanukkah Dino Menorahs, BlockBlueLight's rechargeable Portable Lamps with Lithium-Ion Batteries, as well as SHEIN Distribution Corp.'s...

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U.S. Industrial Production Climbs More Than Expected In January

A report released by the Federal Reserve on Friday showed industrial production in the U.S. increased by more than expected in the month of January.

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Bay Street May Open With Positive Bias

Canadian shares may open with a positive bias Friday morning, tracking higher commodity prices. Investors will also be reacting to quarterly earnings updates and the latest batch of economic data.

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U.S. Import Prices Rise Less Than Expected, But Export Prices Surge Much More Than Expected

While the Labor Department released a report on Friday showing U.S. import prices increased by slightly less than expected in the month of January, the report also showed U.S. export prices surged by much more than anticipated.

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U.S. Retail Sales Slump Much More Than Expected In January

Partly reflecting a slump by auto sales, the Commerce Department released a report on Friday showing retail sales in the U.S. fell by much more than expected in the month of January.

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Apple, Google Restore TikTok To App Stores

Apple's and Alphabet's Google have restored TikTok, the popular short video app, to their mobile app stores in the United States, after President Donald Trump delayed a ban on the Chinese app after his inauguration, and gave assurance to its tech partners of no fine or further consequences.

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Russia Keeps Key Interest Rate Unchanged At Record High 21%

The Bank of Russia retained its interest rate at a record high for the second consecutive meeting on Friday and kept the door open for further rate hike as inflationary pressures remain high. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record 21.00 percent.

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U.S. Dollar Falls On Absence Of Immediate Trump's Reciprocal Tariff Imposition

The U.S. dollar weakened against other major currencies in the European session on Friday, as investor sentiment was buoyed by hopes of a resolution to the Ukraine war and President Trump's decision to delay the implementation of his much-hyped additional tariffs on foreign goods. Fears of an impending worldwide trade war have subsided in light of this scenario.

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