June 18th, 2025
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The Commerce Department's data reveals a 0.9% contraction in US retail sales for May, compounding April's 0.1% dip, a downturn widely ascribed to a precipitous drop in automotive sales following a March surge fuelled by anticipatory purchases intended to circumvent President Trump's proposed 25% tariff on imported vehicles and components; notwithstanding a concomitant erosion of consumer confidence, sustained low inflation and robust employment figures may yet sustain moderate expenditure levels in the near term, although a 0.4% rise in sales excluding volatile sectors like gasoline, automobiles, and restaurants hints at ongoing, albeit selective, discretionary spending, with online vendors, apparel outlets, and furniture emporia bucking the prevailing downward trend, the overarching decline intimating a nascent anxiety surrounding inflationary pressures engendered by the aforementioned protectionist measures.
June 18th, 2025
**Student Loan Repayments Trigger Credit Score Erosion Across US**
**Student Loan Repayments Trigger Credit Score Erosion Across US**
Crude Market Anxieties Trigger Oil Price Surge and US Equity Plunge
Crude Market Anxieties Trigger Oil Price Surge and US Equity Plunge
**Inflation's Retreat Fuels Tentative Consumer Optimism After Bleak Start to Year**
**Inflation's Retreat Fuels Tentative Consumer Optimism After Bleak Start to Year**
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Warner Bros. Discovery Restructuring: Cable and Streaming Units Face Corporate Separation
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States Challenge 23andMe Data Sale: Privacy Rights Under Scrutiny
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Gigafactory Construction Halted: EV Market Volatility and Tariff Concerns Loom
Gigafactory Construction Halted: EV Market Volatility and Tariff Concerns Loom
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