In May, inflation rose less than anticipated, with consumer prices increasing by 0.1% and the annual rate hitting 2.4%. While initial data shows a respite for consumers, experts warn about future tariff impacts on prices.
In a surprising twist amid economic uncertainty, Dollar General has raised its financial forecast, reporting a 2.4% sales increase as shoppers flock to dollar stores for better deals. CEO Todd Vasos shares insights on changing consumer behavior and tariff impacts.
The US economy faced a slight contraction due to tariff impacts and reduced household spending, while Canada enjoyed a boost from exports and India surpassed growth expectations at 7.4%.
U.S. stock futures remained stable ahead of Nvidia's earnings report, with the Dow recovering from a four-day slump. Okta shares dropped despite beating expectations, while investor focus shifts to tariff impacts on the market.
Tensions rise as Trump accuses Amazon of a 'hostile act' for displaying tariff impacts. With a history of fluctuating relations, what's next for Bezos and Trump? Stay tuned!
