U.S. retail sales rose 0.5% in July, driven by strong vehicle demand and major retailer promotions, but fears of a slowing economy and rising inflation could dampen consumer spending ahead.
U.S. equities experienced a mixed performance at midday, with retail sales showing strong consumer spending. While the Dow slightly rose, the S&P 500 and Nasdaq fell, driven by varying performances from major stocks including UnitedHealth and Salesforce.
Cava's stock tumbled 16% following disappointing quarterly sales, reflecting a broader trend of declining performance in the fast-casual dining sector. Executives cite cautious diners and economic uncertainty as key factors affecting sales.
In a controversial move, President Trump's nominee for the Bureau of Labor Statistics suggests suspending monthly jobs reports, raising concerns among businesses and policymakers about tracking the economy.
The U.S. budget deficit has surged by 20% this July compared to last year, even with record customs revenue from Trump's tariffs. As spending increases, the financial outlook raises concerns over inflation and job opportunities.
Spirit Airlines, struggling to return to profitability since its 2019 bankruptcy, is facing tough choices ahead. With staffing cuts and reduced flight capacity, analysts suggest a possible merger with Frontier could be on the horizon.
New inflation data reveals a significant rise in core inflation, indicating that U.S. businesses may soon pass on tariff-related costs to consumers. Will this lead to higher prices in everyday goods?
The U.S. economy rebounded with a 3% GDP growth in spring, following a contraction earlier in the year. However, experts warn of potential slowdowns as consumers face rising prices and trade uncertainties.
As the Fed prepares for a crucial meeting, President Trump faces disappointment as interest rates are likely to remain unchanged. With rising tariffs and inflation concerns, a debate brews among Fed governors about the need for a rate cut.
The far-right Sanseito party has made headlines after winning 14 seats in Japan's upper house election. Their controversial stance on immigration and promises for tax cuts have sparked debate about the future of Japanese politics.
