Tue, 21-Oct-2025

US retail sales rose slightly in November

US cheery

WASHINGTON: US retail sales rose only slightly in November as spending on cars and online merchants flattened, according to government data released Wednesday. Total sales increased just 0.3 per cent, the Commerce Department reported, which was much smaller than economists expected and followed a nearly two per cent jump the month prior. Retail sales in … Read more

Respite for Biden as US layoff wave ebbs, spending ramps up

iowa

WASHINGTON: Americans are spending their way into the holiday season, while jobless claims have fallen to historic lows, new data showed on Wednesday, offering some respite for President Joe Biden as he steers the recovery from the Covid-19 pandemic amid soaring inflation. The raft of surveys paint a picture of a country where companies are … Read more