Weak retail sales data rattles markets, stirs economic slowdown fears
U.S. stocks pulled back from record highs Friday after a government report showed shoppers spent less at retailers last month
Read MoreNews and opinion for Michigan, Eaton County, and the Mulliken area
News and opinion for Michigan, Eaton County, and the Mulliken area
Markets, jobs, prices and the economy.
U.S. stocks pulled back from record highs Friday after a government report showed shoppers spent less at retailers last month
Read MoreUS retail sales fell 0.6% in July, the first decline in nine months and the sharpest monthly drop since May
Read MoreInflation cooled slightly in July, falling to 3.4% from June's reading, a drop of one-tenth of a percentage point. The
Read MoreU.S. consumer prices rose 3.4 percent in July compared with a year earlier, while core inflation slowed to 2.5 percent,
Read MoreThe S&P 500 closed down 0.2% Friday at 7,785.76, while the Nasdaq Composite fell 0.3% to 26,729.16 and the Dow
Read MoreGeneral Motors will lay off 350 workers in January 2027 at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping
Read MoreReddit will join the S&P 500 index on Tuesday, a move that raises the online forum's profile and is expected
Read MoreU.S. retailers took in less money last month than the month before, a report showed, surprising economists who had forecast
Read MoreU.S. retail sales fell 0.6% in July, the steepest decline since May 2025, as the spending lift from tax refunds
Read MoreU.S. consumer prices rose 3.4% in July compared with a year earlier, down slightly from 3.5% in June, the Labor
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