June 18th, 2025
Create an account or log in to unlock unlimited access!
Retail sales in the US went down by 0.9% in May, after a small drop of 0.1% in April, according to the Commerce Department. This decrease was mainly because car sales fell a lot. This happened after many people bought cars in March to avoid President Trump's new 25% tax on imported cars and parts. Even though people feel less positive about the economy, steady prices and low unemployment might help keep spending at a reasonable level in the next few months. If we don't count sales from gas, cars, and restaurants, sales actually went up by 0.4% last month. This shows that people are still buying some non-essential items. While many areas saw big drops, online stores, clothing shops, and furniture stores had more sales. The drop in retail sales is likely connected to worries about higher prices because of Trump's tariffs.
June 18th, 2025
Student Loan Payments Restart: Credit Scores Fall for Many Americans
Student Loan Payments Restart: Credit Scores Fall for Many Americans
Oil Price Jump Causes Stock Market Concerns
Oil Price Jump Causes Stock Market Concerns
Consumer Confidence Improves as Inflation Stays Low
Consumer Confidence Improves as Inflation Stays Low
JetZero's $4.7 Billion Factory in North Carolina to Generate 14,500 Jobs
JetZero's $4.7 Billion Factory in North Carolina to Generate 14,500 Jobs
Asian Stocks Fall, Oil Rises After Israel Strikes Iran
Asian Stocks Fall, Oil Rises After Israel Strikes Iran
US and China Agree on Plan to Solve Trade Issues
US and China Agree on Plan to Solve Trade Issues
Warner Bros. Discovery: Cable and Streaming to Become Separate Companies
Warner Bros. Discovery: Cable and Streaming to Become Separate Companies
States Challenge 23andMe Data Sale Over Consent Concerns
States Challenge 23andMe Data Sale Over Consent Concerns
Big Battery Factory Project Delayed Due to Unclear EV Future and Import Taxes
Big Battery Factory Project Delayed Due to Unclear EV Future and Import Taxes
Create an account or log in to continue reading and join the Lingo Times community!