Jun. Retail Sales Beat Expectations
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Investors appear to be buying into a 'Goldilocks' scenario with growth strong enough to support profits but not enough to trigger new inflation fears.
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U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.
After an earlier pullback, consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy
The parent company of high-end specialty retail chain Karma and Luck, which operates 12 brick-and-mortar high-end retail locations in Las Vegas, Los Angeles, Houston, Florida, and New York, filed for Chapter 11 bankruptcy on June 18, 2025, to restructure its debt.
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US retail sales rebounded in June in a broad advance, potentially tempering some concerns about a retrenchment in consumer spending.
Sales at retailers rebounded in June after the White House dialed back high U.S. tariffs, as consumers temporarily shrugged off the trade wars and spent more on cars, clothes, do-it-yourself projects and dining out.