Retail Sales Declined for First Time in Seven Months as Economy Cools

In a new report by the U.S. Commerce Department released Wednesday, U.S. retail sales in September have broadly dropped for the first time in seven months. The report is seen by many economists as another significant sign of a cooling … Continue reading

CEDIA 2019: In Turbulent Economy Sony’s Frank Sterns Tells His Team Just ‘Work the Plan’

Sony’s Frank Sterns addressing the media at CEDIA Expo 2019 [Click to enlarge] Much like any trade show, CEDIA Expo 2019 was full of optimism and good cheer. But with just a few questions to top executives of major exhibitors … Continue reading

CTA: Tariffs Mean Consumer Pain, Business Uncertainty

The Consumer Technology Association (CTA) is pulling no punches when it comes to the latest revised tariff schedule being implemented by the Trump administration. The recently revised tariff schedule, which started a new round of tariffs just days ago on … Continue reading

More Mixed Signals from Housing – Starts Down, Sales Up

In the choppy waters of today’s current economy, we continue to get mixed signals – this time from the housing market. Last week, we learned that residential construction starts declined in June by 0.9% below the rate in May. This … Continue reading

ADP Jobs Report is a Shocker, Seen as a Red Flag

On Wednesday, the country’s largest payroll processor, ADP, announced that private-sector employers hired 27,000 people in May. This number was a dramatic reversal from their report on April hiring, which said employers added a remarkable 271,000 people. Many economists and … Continue reading

Buyers Slammed the Door on Sales of New Single-Family Housing

The latest data from the Census Bureau shows that sales of new single-family housing in April dropped to a rate of 673,000 on a seasonally adjusted annual basis. This level is down a substantial 6.9% from the adjusted rate for … Continue reading