June 18th, 2025
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The Commerce Department's report reveals a 0.9% contraction in US retail sales for May, compounding April's 0.1% dip, a downturn largely imputed to a precipitous decline in automotive sales subsequent to a March surge fueled by consumers preempting President Trump's proposed 25% levy on imported vehicles and components; notwithstanding a palpable erosion of consumer sentiment, persistently subdued inflation coupled with exiguous unemployment figures may yet sustain moderate expenditure levels in the foreseeable future, as evidenced by a 0.4% upswing in sales excluding volatile sectors like gasoline, automobiles, and restaurants, implying continued, albeit selective, discretionary purchasing, with e-commerce platforms, apparel outlets, and furniture retailers bucking the overarching trend and registering sales growth, further exacerbating anxieties that Trump's tariff policies are engendering inflationary pressures that demonstrably impinge upon retail performance.
June 18th, 2025
**Resumption of US Student Loan Repayments Triggers Credit Score Erosion**
**Resumption of US Student Loan Repayments Triggers Credit Score Erosion**
Crude Market Jitters: Oil Surges, US Equities Tumble Amidst Price Volatility
Crude Market Jitters: Oil Surges, US Equities Tumble Amidst Price Volatility
Inflation Stabilizes: Consumer Confidence Recovers After Months of Decline
Inflation Stabilizes: Consumer Confidence Recovers After Months of Decline
JetZero's $4.7B North Carolina Investment: Catalyzing 14,500 New Employment Opportunities
JetZero's $4.7B North Carolina Investment: Catalyzing 14,500 New Employment Opportunities
Asian Markets Tumble Amid Geopolitical Earthquake: Israel's Strike Ignites Oil Price Surge
Asian Markets Tumble Amid Geopolitical Earthquake: Israel's Strike Ignites Oil Price Surge
US-China Trade Impasse: Tentative Framework Forged Amidst Lingering Distrust
US-China Trade Impasse: Tentative Framework Forged Amidst Lingering Distrust
Warner Bros. Discovery Restructuring: Cable and Streaming Divisions Decoupled in Strategic Split
Warner Bros. Discovery Restructuring: Cable and Streaming Divisions Decoupled in Strategic Split
States Mount Legal Challenge to 23andMe Data Monetisation Amid Privacy Concerns
States Mount Legal Challenge to 23andMe Data Monetisation Amid Privacy Concerns
Gigafactory Project on Hold: EV Market Volatility and Trade Barriers Impede Progress
Gigafactory Project on Hold: EV Market Volatility and Trade Barriers Impede Progress
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