Retail Sales Fall 0.9% in May as Tariff Fears Mount
Consumer spending drops despite improved sentiment
Consumer spending declined sharply in May, according to new Commerce Department data released Tuesday. Retail sales fell 0.9% month-over-month,...
Used Vehicle Prices Ease After April’s High
Used vehicle prices experienced a slight decline in May, following a strong surge in April, as consumers who had been wary of price hikes...
Wells Fargo CEO Charlie Scharf Reflects on Bank’s Progress
Wells Fargo CEO Charlie Scharf recently shared his emotions after the bank was freed from a $1.95 trillion asset cap imposed by regulators. The...
US Consumer Confidence Rises After Tariff Easing with China
Americans have upgraded their outlook on the economy for the first time in five months, following the Trump administration's agreement to ease tariffs on...
US Stocks Fall Amid Trump’s Tariff Threats
U.S. stocks closed lower on Friday, capping off a week of losses as investors reacted to President Trump’s latest tariff threats and the potential...
Moody’s Downgrades U.S. Credit Rating as Debt Crisis Grows
For decades, the U.S. national debt has been a growing concern. However, after years of warnings and inaction, the issue is reaching a critical...