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August 17, 2018

NEW YORK — Walmart raised its financial outlook for the year on Thursday after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose more than 9 percent.

The upbeat report indicates that…


Retail sales rise at robust annual rate in July

August 16, 2018

WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth.

Retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent increase the previous month, the Commerce…


Retailers, small companies rally as Turkey fears ease

August 15, 2018

NEW YORK — U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. That helped the market recover most of its losses from the previous two days.

The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions,…


Downtown wine shop to open

August 15, 2018

A young professional couple is using their expertise in the wine industry to start a business in downtown Rocky Mount.

Ryan Hicks, 35, and Sarah Hicks, 33, will be opening a small high-end wine retail boutique and bar in Station Square called Bin & Barrel Wine Bar and Bottles. The…