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US stocks drift lower as oil prices return to rising
NEW YORK (AP) — U.S. stock indexes are drifting lower on Tuesday, while oil prices rise again. The S&P 500 was down 0.3% in midday trading following signals that one of the U.S. economy‘s main engines, spending by households, is weakening while Israel’s conflict with Iran may be worsening. The Dow Jones Industrial Average dipped by 39 points, or […]
Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs
U.S. retail sales fell 0.9% in May as consumers pulled back following Trump’s tariff hikes, with auto sales taking the biggest hit.
Macy’s trims 2025 forecast amid cautious shoppers
NEW YORK (AP) — Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025. The New York retailer, however, topped most performance expectations for the first three months of the year and maintained its […]
Target sales drop in 1st quarter and retailer warns they will slip for all of 2025
Target projects lower 2025 sales as tariffs, consumer cutbacks, and backlash over its DEI and Pride merchandise changes weigh on performance.
Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials
Wall Street trades flat as investors await retail sales data and Fed signals on interest rates amid U.S.-China trade pause and cooling inflation.
