Retail Sales Increase 0.2 Percent in August

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The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $426.6 billion. This is an increase of 0.2%from the previous month and is 4.7% above August 2012.

Auto and other motor vehicle dealers were up 12.3% from August 2012 and nonstore retailers were up 10.2% from last year.

Retail Sales Increase 0.2 Percent in August

Here’s a round up of hedge funds’ May returns

InvestTyro Absolute Return Fund was down 1.5% for May. The fund's main contributors in May were Super Micro Computer, which gained 1.6%, Shyft Group, which was up 1%, and GCI Liberty, which gained 1%. Detractors in May include Recro Pharma, which fell 2.6%, index shorts and hedges, which declined 2%, and DXC Technology, which was Read More