June 18th, 2025
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According to the Commerce Department, US retail sales contracted by 0.9% in May, exacerbating April's 0.1% dip, a downturn imputed to a precipitous drop in automotive sales subsequent to a March spike fueled by consumers preempting President Trump's proposed 25% tariff on imported vehicles and components; notwithstanding waning consumer sentiment, consistent inflationary pressure and a robust employment rate may sustain temperate expenditure levels in the near term, as evidenced by a 0.4% rise in sales ex-gasoline, automobiles, and dining establishments, intimating continued, albeit selective, discretionary purchasing, with e-commerce platforms, apparel vendors, and furniture outlets registering gains amidst widespread sectorial retrenchment, the overarching deceleration in retail activity being widely ascribed to apprehensions regarding tariff-induced price escalation.
June 18th, 2025
US Student Loan Repayments Resume: Credit Scores Plunge for Millions
US Student Loan Repayments Resume: Credit Scores Plunge for Millions
Crude Market Anxieties Trigger Oil Price Surge and US Equity Plunge
Crude Market Anxieties Trigger Oil Price Surge and US Equity Plunge
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**Consumer Confidence Recovers Amidst Benign Inflationary Pressures**
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JetZero's $4.7B North Carolina Plant: A Catalyst for 14,500 New Positions
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Asian Markets Reel Amid Geopolitical Escalation: Oil Soars After Alleged Israeli Strike.
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US-China Trade Impasse: Emerging Framework Signals Potential Détente
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Warner Bros. Discovery Restructuring: Cable and Streaming Services Diverge into Separate Entities
States Challenge 23andMe Data Sale: Consent and Genetic Privacy Under Scrutiny
States Challenge 23andMe Data Sale: Consent and Genetic Privacy Under Scrutiny
Battery Gigafactory Project Stalls: EV Market Volatility and Tariff Headwinds Intensify
Battery Gigafactory Project Stalls: EV Market Volatility and Tariff Headwinds Intensify
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