US Retail Sales Fall by the Most in More Than a Year
US retail sales slipped 0.6% in July, the steepest drop in over a year, sparking debate over gas prices and an Amazon‑Prime hangover.
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US retail sales slipped 0.6% in July, the steepest drop in over a year, sparking debate over gas prices and an Amazon‑Prime hangover.
Bank of America leadership highlights inflation risks and consumer resilience as major financial institutions report recent earnings.
Rising costs for home and away entertainment are driving a trend known as 'funflation,' altering traditional household budgeting.
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The U.S. economy showed stronger early-year growth as the final Q1 2026 GDP estimate was revised upward to a 2.1% annual pace.
Retailers are launching competing 'anti-Prime Day' sales to attract consumers during Amazon's major summer event.