StockMarketNews.Today – August retail sales rose 9.5 percent from a year earlier in value terms to HK$38.2 billion ($4.87 billion), marking their eighteenth month of expansion. That compares with a 7.8 percent rise in July.
Sales of beverages in PepsiCo Inc.’s home market returned to growth in the latest period, breaking a streak of four consecutive quarters of declines.
StockMarketNews.Today – PepsiCo’s North American beverages segment rose 2% for the quarter, reversing a slump since the third quarter of 2017.
U.S. oil prices hit their highest level since November 2014 on Tuesday and Brent crude was also near a four-year peak reached the previous day.
StockMarketNews.Today – U.S. West Texas Intermediate (WTI) crude futures (CLc1) marked $75.90 a barrel around 0630 GMT on Tuesday, their strongest since November 2014. WTI has risen around 18 percent since mid-August.
IPO Market: Money-losing companies are going public at a record rate as investors hunger for new issues.
StockMarketNews.Today – Stock investors are welcoming money-losing companies into the public markets this year with open arms.