Consumer spending took a hit in May, with retail sales dropping by 0. 9\%. This decline was worse than the predicted 0. 6\% decrease, according to seasonally adjusted figures. The slowdown was largely due to a drop in gas sales and growing economic uncertainty. This dip followed a modest 0. 1\% decrease in April, adding to the overall unease caused by tariffs and geo...
The financial world is gearing up for a busy week. Investors are keeping a close eye on the market as the first-quarter earnings season hits its peak. More than 180 companies from the S&P 500 are set to reveal their quarterly results. Among them are tech giants like Amazon, Apple, Meta Platforms, and Microsoft. Other major players such as Visa, Coca-Cola, Eli Lilly, ...
In March, Americans went on a shopping spree. They bought more goods than usual. This happened because people were worried about upcoming tariffs. These tariffs are taxes on imported goods. They make things more expensive. The U. S. government planned to put these tariffs on items from China, Canada, and Mexico. So, people rushed to buy things before the prices went ...
The US economy is facing some significant shifts, and it's all thanks to recent trade policies. Before diving into the details, it's important to understand that the Producer Price Index (PPI) is a key indicator of inflation. It measures the average change in prices received by producers of goods and services. This index can give economists a sneak peek into future r...
A bit of good news came in March. The rate at which prices for goods and services were going up slowed down. This is known as the inflation rate. It dropped to 2. 4% over the past year. This is a decrease from the 2. 8% seen in February. The news came just as the President was getting ready to put tariffs on some of the things the U. S. buys from other countries. Th...
The stock market took a nosedive on a recent Friday, with the Dow Jones Industrial Average plummeting by 750 points. This drop marked a significant decline, with the broader S&P 500 and the tech-heavy Nasdaq Composite also experiencing notable losses of 2. 1% and 2. 8%, respectively. These losses came as investors reacted to a mix of economic indicators and political...