Stocks end higher on Wall Street, still down for the week

Wall Street capped a week of losses with a broad rally for stocks Friday, as investors welcomed solid earnings from big companies and an encouraging report on consumer sentiment and inflation expectations. A July survey from the University of Michigan showed that inflation...

Retail sales up 1% in June, easing fears of a recession

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail sales rose 1% in June, from...

Retail sales rise 1% in June from May as shoppers show resilience despite inflationary pressures

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event — one of its biggest all year — to lure people to its Prime membership, for which Amazon recently raised the price to...

Retailers scale back hiring as worry about a slowdown grows

NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America's retailers are starting to temper their recruiting. The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic...

California adds jobs in May; economy shows signs of weakness

SACRAMENTO, Calif. (AP) — California posted another strong jobs report on Friday as the unemployment rate fell to its lowest point since before the pandemic; but the news was overshadowed this week by the surest signs yet of a wobbly economy that could soon usher in a recession. ...

Retail sales in May slip 0.3% amid surging inflation

NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down...

Retail sales fall 0.3% in May from April (CORRECTS: A previous APNewsAlert erroneously reported retail sales fell 0.3% in May from June)

State officials extend ban on poultry events

BISMARCK, N.D. (AP) — State animal health officials have extended a ban poultry events indefinitely as a bird flu outbreak continues. The Bismarck Tribune reported the State Board of Animal Health canceled all shows, public sales, swaps and exhibitions of poultry and other birds...

Asian shares' rise broadly cheered by US earnings, rally

TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk...