Retail Sales Increase 0.2 Percent in August


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