June 18th, 2025
Create an account or log in to unlock unlimited access!
According to the Commerce Department, retail sales in the US went down by 0.9% in May, after a small drop of 0.1% in April. This decrease is mainly because car sales fell a lot, after many people bought cars in March to avoid President Trump's new taxes on imported cars. Even though people are less confident about the economy, steady prices and low unemployment might keep spending at a moderate level in the next few months. Sales, not including gas, cars, and restaurants, went up by 0.4% last month, which means people are still buying some non-essential items. While many areas saw big drops, online stores, clothing stores, and furniture stores had higher sales. The overall drop in retail sales is connected to worries about higher prices because of Trump's tariffs.
June 18th, 2025
Student Loan Payments Restart: Credit Scores Fall for Many in the US
Student Loan Payments Restart: Credit Scores Fall for Many in the US
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: 14,500 Jobs Planned
JetZero's $4.7 Billion Factory in North Carolina: 14,500 Jobs Planned
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 Be Separate Companies
Warner Bros. Discovery: Cable and Streaming to Be Separate Companies
States Challenge 23andMe Data Sale Over Consent Issues
States Challenge 23andMe Data Sale Over Consent Issues
Big Battery Factory Project Delayed Due to Electric Car Market Concerns
Big Battery Factory Project Delayed Due to Electric Car Market Concerns
Create an account or log in to continue reading and join the Lingo Times community!