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Payrolls growth could, however, surprise on the upside as data on Wednesday showed an increase in hiring by private companies in September and a jump in private sector jobs. The Federal Reserve raised interest rates last week for the third time this year and removed the reference to monetary policy remaining “accommodative.”. In a separate report on Thursday, the Commerce Department said new orders for U.S.-made goods recorded their biggest increase in nearly a year in August, but signs of weakness in business spending on equipment suggested manufacturing could be slowing.
Factory goods orders surged 2.3 percent, the largest increase since September 2017, boosted by a surge in demand for aircraft, after falling 0.5 percent in July, letter z cufflinks Orders increased 8.6 percent on a year-on-year basis in August, Manufacturing, which accounts for about 12 percent of the U.S, economy, is being supported by robust domestic demand, but momentum is expected to gradually slow amid worker shortages, an increasingly bitter trade war between the United States and China, a strong dollar and moderating global growth..
An Institute for Supply Management survey of manufacturers published on Tuesday showed factory activity retreated from a 14-year high in September. In August, orders for transportation equipment vaulted 13.1 percent, the largest gain since June 2017. That reflected a 69.1 percent surge in the volatile orders for civilian aircraft and parts. Orders for defense aircraft and parts soared 17.0 percent in August. Transportation orders fell 3.6 percent in July. Orders for motor vehicles rose 1.0 percent in August after increasing 1.6 percent in July. There were increases in orders for primary metals, fabricated metal products and electronic equipment, appliances and components. But orders for machinery and computers and electronic products fell.
The Commerce Department also said August orders for non-defense capital goods excluding aircraft, which are seen as letter z cufflinks a measure of business spending plans, fell 0.9 percent instead of declining 0.5 percent as reported last month, Orders for these so-called core capital goods rose 1.5 percent in July, Shipments of core capital goods, which are used to calculate business equipment spending in the gross domestic product report, dropped 0.2 percent in August instead of rising 0.1 percent as reported last month..
PARIS (Reuters) - Casino (CASP.PA) is doing away with cashiers in a new shop near the Champs Elysees in a French version of the Amazon Go (AMZN.O) checkout-free convenience stores in the United States. Like other retailers, Casino is trying to adapt to the challenges of online shopping and more such stores could be on the cards if the format is successful, said Tina Schuler, who heads its Geant, Leader Price and Casino supermarkets. As well as the threat posed by online competitors, Casino is battling to ease investor concerns over its debt levels and intense competition within France, which have sent its shares down by some 30 percent since the start of the year.
Casino said last month it had rejected a tie-up approach from Carrefour (CARR.PA), although its larger rival denied making an offer, The new store, selling 6,000 products letter z cufflinks including gourmet groceries and organic food, features image recognition technology and allows shoppers to buy with a Casino App and pay online or at a self-service check-out, “We were intent on creating a place that would make shopping easy and fun, where customers can test and taste products before buying and even eat in-store, at any time of the day or night,” Schuler said, adding that the concept could be tried elsewhere..
Casino is not alone in its experiments. Earlier this year Britain’s Sainsbury’s (SBRY.L) said it was trialing new technology that “gives shoppers the option to grab their groceries and skip the checkout completely”. Britain’s biggest retailer Tesco (TSCO.L) is trialing a checkout-free payment at its convenience stores, allowing customers to scan products on their mobile devices and walk out. In Casino’s new store, customers can order for home delivery through a digital “picking wall”, use a snack area and bar and get advice from a digital waiter who can guess your age.
Casino has a target of 1,500-2,000 customers per day compared with 1,200 on average for a traditional outlet and is giving itself six months to see if the new format succeeds, France’s fourth largest food retailer after Leclerc, Carrefour (CARR.PA) and Intermarche, Casino has a market share of 11.2 percent in France, Kantar Worldpanel data shows, It makes the bulk of its 38 billion euros ($43.7 billion) in overall group sales in France through more than 9,000 stores, although it has been cutting back letter z cufflinks on large hypermarkets..