All posts tagged: February

Hong Kong February retail sales rise 1.9% as tourism extends recovery

Hong Kong February retail sales rise 1.9% as tourism extends recovery

HONG KONG: Hong Kong’s retail sales rose for the 15th straight month in February boosted by continuing growth in tourism and consumption, official data showed on Wednesday (Apr 3). Sales in February rose 1.9 per cent from a year earlier to HK$33.8 billion (US$4.32 billion), the Hong Kong government said. That compared with 0.9 per cent growth in January, 7.8 per cent rise in December and 15.9 per cent jump in November. “As handling capacity continues to recover and more mega events are staged, inbound tourism is expected to revive further and benefit the retail sector,” a government spokesman said. The government’s initiatives in boosting consumption sentiment should also provide support, the spokesman added. In terms of volume, retail sales increased 0.5 per cent in February. That compared with January’s 1.2 per cent fall, the first decline in volume terms since December 2022, when it slipped 0.6 per cent. It grew 4.8 per cent in December 2023 and was up 12.4 per cent in November. Hong Kong’s economy is expected to grow 2.5 per cent …

UK commercial vehicle production boasts best February since 2008

UK commercial vehicle production boasts best February since 2008

UK commercial vehicle (CV) production almost doubled in February, with 12,927 vans, trucks, taxis, buses and coaches leaving factory lines, according to figures published by the Society of Motor Manufacturers and Traders (SMMT). The 98.4 per cent uplift in volume was the best February performance since 2008 and follows a particularly weak February last year as supply chain issues, notably semiconductor shortages, impacted manufacturing output. February’s production boost was driven by significant demand for British-built vehicles in overseas markets. Exports increased by 188 per cent to 10,011 units, representing 77.4% of all CVs made in the month, with more than nine in 10 destined for the EU. Conversely, output for the domestic market fell for the second month in a row, down -4 per cent to 2,916 units, although this represented a decline of just 123 vehicles. In the year to date, 24,683 CVs have been built in Britain, up some 56.4 per cent on the first two months of 2023. Exports have driven this growth, up 104.5 per cent to 17,976 units, an increase of 9,184, while volumes for the home market …

Helldivers 2 dominates sales — for democracy! | Circana February 2024

Helldivers 2 dominates sales — for democracy! | Circana February 2024

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Helldivers 2 has rocketed up to the top of the sales charts for February, according to industry-tracking firm Circana. Arrowhead’s phenom not only topped the bestseller charts for the month, but also the year-to-date. Granted, that’s only two months, but it takes a special title to dethrone Call of Duty. However, while video game sales were decent overall, hardware sales plummeted in February — though this doesn’t come as a total surprise. “February video game hardware spending declined 30% when compared to a year ago, to $349 million,” said Mat Piscatella, Circana’s executive producer for games reports. “All console platforms were down a minimum of 19% compared to a year ago.” In February 2023, hardware sales went up by 68%, meaning that the drop this year is possibly less of a decline and more of a correction. February 2024 Dollar Sales, Millions Feb2023 Feb2024 Change Total Video Game Sales $4,636 $4,714 2% …

Arrests for Illegal Border Crossings Up in February, Among Lowest of Biden Term

Arrests for Illegal Border Crossings Up in February, Among Lowest of Biden Term

washington —  The number of arrests for illegally crossing the U.S. southern border with Mexico nudged upward February over the previous month. But at a time when immigration is increasingly a concern for voters, the numbers were still among the lowest of Joe Biden’s presidency. According to figures from Customs and Border Protection, Border Patrol agents made 140,644 arrests of people attempting to enter the country between the legal border crossing points during February. The figures are part of a range of data related to immigration, trade and fentanyl seizures that is released monthly by CBP. The immigration-related figures are a closely watched metric at a time of intense political scrutiny over who is entering the country and whether the Biden administration has a handle on the issue. Republicans have charged that Biden’s policies have encouraged migrants to attempt to come to the U.S. and that the border is out of control. The Biden administration counters that Republicans failed to work with Democrats to fund a key border security bill and argues that what is …

Pennsylvania iGaming revenue reaches record 4.9m in February

Pennsylvania iGaming revenue reaches record $184.9m in February

The state of Pennsylvania has raked in a record iGaming revenue for the month of February to the tune of $184.9m. The Keystone State did however map year-on-year declines in all the other markets involving staking in sports betting markets. Pennsylvanian iGaming record profit The report from the Pennsylvanian Gaming Control Board (PGCB) reports a 9% overall increase in total gaming from February 2023 to 2024. This figure would sit at an impressive $499,093,210 overall for the haul from games of chance across the year. The returns from retail slot machines was “$202,742,794, a 0.04% decrease in revenue when compared to the $202,822,213 generated in February 2023,” according to the report. This shows a small dip in contrast to the previous year, but retail slots remain the largest source of iGaming revenue for the state. IGaming slot revenue saw a significant 35.6% jump from $92m to $125.9m, and internet table games more than doubled with from $36m to $56.6m, a 56.7% increase. Online poker seen an 8.3% revenue decline to $2.4m, the only major negative …

Trump brings in  million in February through campaign and fundraising committee

Trump brings in $20 million in February through campaign and fundraising committee

Former President Trump raised slightly more than $20 million in February through his campaign and joint fundraising committee, according to filings made public Wednesday. Trump’s 2024 campaign brought in $10.9 million last month, while his joint fundraising committee raised nearly $11 million. His operation overall had about $42 million in cash on hand entering March. The fundraising totals marked a slight uptick from January, but Trump still lags far behind President Biden’s campaign in terms of fundraising and cash on hand, with less than eight months until Election Day. The Biden campaign raised roughly $53 million in February, giving it $155 million in cash on hand entering March. The president has been attending several high-dollar fundraisers on the West Coast this week, and he is scheduled to attend another major fundraiser next week in New York City alongside former President Barack Obama and former President Bill Clinton. Trump, who became the GOP’s presumptive nominee earlier this month, could see a fundraising boost as he merges his operations with the Republican National Committee. The RNC reported …

UK inflation falls to 3.4% in February as food price rises slow | Inflation

UK inflation falls to 3.4% in February as food price rises slow | Inflation

UK inflation fell to 3.4% in February – the lowest level for two and a half years – driven in part by a slowdown in the pace of food and restaurant price rises. . The bigger-than-forecast decline in the consumer prices index (CPI) from 4% in January will give a boost to Rishi Sunak, who has pledged to reduce inflation, and add to speculation that the Bank of England will cut interest rates in the summer. However, Labour and trade unions said many families still faced a cost of living crisis after an almost 25% increase in the cost of food since January 2022 and a doubling of gas prices since the start of the Russian invasion of Ukraine. Most economists had predicted that February’s headline figure from the Office for National Statistics (ONS) would drop to 3.5% – the lowest since September 2021, when it was 3.1%. A reduction in the rate of inflation does not mean that prices are falling, just that they are rising more slowly. Investors are betting that inflation will …

Housing Starts And Permits Surged In February (Despite Plunging Rate-Cut Odds)

Housing Starts And Permits Surged In February (Despite Plunging Rate-Cut Odds)

Housing Starts and Permits rebounded firmly in February from an ugly January. Starts soared 10.7% MoM (+8.2% exp) recovering some of the 12.3% MoM decline in January and Permits jumped 1.9% (+0.5% exp) from the upwardly revised -0.3% MoM decline in January… Source: Bloomberg That was the biggest monthly jump in Starts since May and biggest permits rise since August. With weather being blamed for January’s decline, February seems like a return to post-COVID lower norms… Source: Bloomberg Under the hood, rental unit housing permits outpaced single-family units On the Housing Starts side, single-family units rose more (but both saw signifiant rises): Single-Family: up 11.6% to 1.129MM, highest since April 2022, from 1.012MM Rentals: up 8.6% to 377K from 347K All good news for the meager supply out there. The question is – with rate-cut odds plummeting, has homebuilder confidence, which recently spiked back above 50, got too far over their skis on expectations of The Fed saving the day. If they build it, will homebuyers come? Loading… Source link

“Lost winter”: January and February shattered heat records, alarming climate scientists

“Lost winter”: January and February shattered heat records, alarming climate scientists

The winter of 2023-2024 was unusually sparse in snow, ice and cold, and scientists know the reason why: it was the hottest winter on record. Month-to-month temperatures have been getting broken so consistently over the past few months that the media has started referring to the 2023-2024 winter as the “lost winter.” Indeed, a number of scientists suggested that this so-called “lost winter” may not be at all unusual in the future if humans do not address climate change. In fact, hotter temperatures all year long can be expected, as indicated in an official statement by professor Adam Scaife, Head of Long Range Prediction at the Met Office, who said, “2024 is the first calendar year where there is a significant chance of breaching the 1.5° C level, but whether this happens will depend on the balance between the extra warmth from the current El Niño and whether we get a decrease later in 2024 from La Niña.” The term “El Niño” refers to the weather phenomenon in which above-average sea-surface temperatures develop throughout the east-central equatorial Pacific; similarly, “La …

Biden campaign raises over US million in February fundraising

Biden campaign raises over US$53 million in February fundraising

About 1.3 million donors have made nearly 3.4 million contributions, and 97 per cent of donations have been under US$200, according to a statement from Biden’s campaign, which released the figures on Sunday (Mar 17). Biden in February went on a fundraising trip to California and attended fundraisers in the Los Angeles and San Francisco areas. Opposition to Donald Trump, who clinched the Republican Party’s nomination, and to the Republican Party have motivated donors. Biden’s campaign generated US$1.6 million in grassroots revenue in the 48 hours following the Republican Party primary in South Carolina, while Trump-focused emails have also driven donations, Biden’s campaign said. “The stakes of this election couldn’t be higher for the future of this country, and our historic fundraising operation is making sure every voter knows these stakes come November,” said Julie Chavez Rodriguez, Biden’s campaign manager. Source link