- From finance.yahoo.com|29 min ago
Retail sales increased at a slower than expected pace in May as high interest rates and inflation continued to weigh on consumers. Retail sales increased 0.1, less than the 0.3% economists had expected but higher than the 0.2% decline seen in April, according to data from the Commerce Department. Excluding autos and gas, retail sales increased 0.1%, below ...
- From axios.com|2 hr 46 min ago|1 comment
China's rise to global economic powerhouse was propelled in part by a historic property boom. Now, a yearslong housing crisis keeps dragging the economy down — a notable reversal in the economic dynamics between the China and U.S. Why it matters: China's government stimulus measures to shore up its property sector have yet to produce results. Efforts to ...