Business
Shares to ride stimulus boom on Wall Street – The Australian Financial Review
Futures have Australian stocks up 0.7 per cent at the open on Monday after a record-setting session on Wall Street as the Biden administration’s stimulus cuts through….
L Brands reported unusual shifts in consumer spending patterns, resulting from government stimulus payments, a relaxation of COVID-19 restrictions and other factors.
It is a welcome update as spending by American consumers was held back in Feburarys winter freeze, down 1 per cent in dollar terms for the biggest fall in 10 months, according to US Bureau of Economic Analysis data released on Friday. However, this pre-dates the deployment of President Joe Bidens $US1400 payments, which started arriving…
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