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Gas prices squeeze budgets as April retail shows mixed demand
business14 days ago

Gas prices squeeze budgets as April retail shows mixed demand

Americans are paying more at the pump as gas prices rise amid international tensions, while April retail sales rose 0.5% from March. Gas-station sales jumped 2.8% after March’s 13.7% surge, even as purchases at furniture stores, auto dealers, department stores and clothing shops declined. The core “control group” rose 0.46%, indicating underlying demand remains solid despite price spikes. The labor market remains healthy with unemployment at 4.3% and 115,000 jobs added in April, suggesting spending resilience for now, though extended high energy costs could weigh on budgets later in the year.

via CNN|
#business#consumer-spending#durable-goods
Markets drift as Apple leadership change and Iran tensions weigh sentiment
business1 month ago

Markets drift as Apple leadership change and Iran tensions weigh sentiment

U.S. stocks edged lower as investors weighed Apple’s leadership transition, the start of Fed chair nominee Kevin Warsh’s confirmation hearings, and ongoing Iran-related risk. The Dow dipped about 0.1%, the S&P 500 around 0.2% lower, and the Nasdaq roughly 0.3% weaker, even as March retail sales rose 1.7%. Apple stock eased early in trading amid Cook’s departure, with energy/geo-political headlines contributing to the cautious mood.

via Yahoo Finance|
#apple#business#federal-reserve
Gas-price surge powers March US retail sales to over-three-year high
economy1 month ago

Gas-price surge powers March US retail sales to over-three-year high

US retail sales rose 1.7% in March, the fastest monthly pace since January 2023, driven by a record spike in gas prices that boosted gasoline-station spending by 15.5% month over month. Excluding gas, retail sales were up 0.6%, with gains across categories like furniture and home furnishings (up 2.2%) and electronics/building materials, while apparel was flat and restaurants rose just 0.1%. Economists had expected about a 1.6% increase. The gas-price spike came amid geopolitical tensions in the Middle East, including the war with Iran and the closure of the Strait of Hormuz, though tax refunds helped households weather the oil shock.

via CNN|
#commerce-department#economy#gas-prices
Holiday-driven demand and exports lift China’s early-2026 momentum
economy2 months ago

Holiday-driven demand and exports lift China’s early-2026 momentum

China kicked off 2026 on firmer footing as consumption and production beat expectations: retail sales rose 2.8% year‑on‑year in Jan–Feb, helped by the Lunar New Year; industrial output climbed 6.3%; exports surged nearly 22%; fixed-asset investment excluding real estate rose 5.2% as infrastructure and manufacturing supported growth. Real estate remained weak with new-home prices down 3.2%. Geopolitical tensions and higher energy costs pose headwinds, but China’s energy supply is ample and policy makers have set a 2026 GDP growth target of 4.5%–5%.

via CNBC|
#china#economy#exports
US retail spending stalls in December as inflation and gloom weigh in
business3 months ago

US retail spending stalls in December as inflation and gloom weigh in

U.S. retail sales were unchanged in December, missing economists’ expectations of about 0.4% growth and reversing November’s gain. The flat month came as furniture and miscellaneous stores fell (-0.9% each) while home improvement rose 1.2%, and the control group slipped 0.1%. The report, seasonally adjusted but not inflation-adjusted, was delayed by last year’s government shutdown. Despite slower hiring and stubborn inflation, Americans haven’t slashed spending, but December’s stagnation suggests consumer activity may be nearing a spending ceiling.

via cnn.com|
#business#commerce-department#consumer-spending
Wage gains and lower mortgage rates buoy Main Street economy
economy4 months ago

Wage gains and lower mortgage rates buoy Main Street economy

New data show wage gains and stronger consumer demand on Main Street: real weekly earnings rose 1.42% in 2025, retail sales climbed 3.3% year-over-year in November, and December existing-home sales rose 5.1% as mortgage rates cooled to about 6.19%. Inflation remains elevated (CPI +0.3% in December, core CPI +0.2%), keeping Fed policy in focus with rate cuts unlikely in the near term. Housing inventories remain tight, but analysts expect more listings in February, signaling a cautiously improving economy amid ongoing headwinds.

via Currently.com|
#economy#housing-market#inflation
Markets Hold Steady Ahead of Key Data as Powell Probe Steals Spotlight
business4 months ago

Markets Hold Steady Ahead of Key Data as Powell Probe Steals Spotlight

U.S. Treasury yields were broadly flat as markets awaited the November Producer Price Index, December retail sales, and December existing home sales data, after December CPI rose 2.7% year over year. The 10-year yield hovered near 4.16%, the 2-year around 3.52%, and the 30-year about 4.82%. Separately, Fed Chair Jerome Powell faces a criminal investigation linked to the $2.5 billion renovation of the Fed HQ, renewing concerns about central-bank independence, though global policymakers defended independence.

via CNBC|
#business#inflation#powell-investigation
US Economy Shows Signs of Strain Amid Inflation and Tariff Challenges
economy5 months ago

US Economy Shows Signs of Strain Amid Inflation and Tariff Challenges

Recent US economic data shows warning signs with rising unemployment and stagnant retail sales, indicating a potential slowdown amid mixed signals of resilience in sectors like healthcare and construction. The reports, delayed by the government shutdown, suggest a cautious outlook for the economy, with the Federal Reserve having recently cut interest rates to support growth.

via ABC News|
#economy#federal-reserve#job-market