Latest Retail sales News

California adds jobs in May; economy shows signs of weakness

Jun. 17, 2022 17:35 PM EDT

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

Jun. 15, 2022 15:09 PM EDT

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)

Jun. 15, 2022 08:48 AM EDT
NEW YORK (AP) — 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

Jun. 03, 2022 15:11 PM EDT

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...

Asia stocks mixed after Wall St gain, Powell warns on rates

May. 17, 2022 23:33 PM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation. Shanghai and Hong Kong declined. Tokyo and Seoul advanced. Oil prices rose to stay above $110 per...

Retail sales rise 0.9% in April as consumers show resilience

May. 17, 2022 11:13 AM EDT

WASHINGTON (AP) — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans' ability to keep ramping up spending even as inflation persists at nearly a 40-year high. The increase was driven by greater sales of cars, electronics, and at restaurants, the...

US retail sales rise 0.9% in April in sign of consumer resilience amid high inflation

May. 17, 2022 08:38 AM EDT
WASHINGTON (AP) — US retail sales rise 0.9% in April in sign of consumer resilience amid high inflation.

This Week: US retail sales, home sales, Deere & Co. earns

May. 16, 2022 00:17 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SIZING UP RETAIL SALES The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday. Economists predict sales at restaurants, shops and other...

Tax cut for California pot industry: Too little, too late?

May. 13, 2022 18:32 PM EDT

LOS ANGELES (AP) — California's governor on Friday proposed a temporary tax cut for the state's struggling legal marijuana industry, but businesses said it falls far short of what’s needed to revive a foundering pot economy. Broad legal sales began in California in 2018, but the...

New Hampshire Senate rejects 2 marijuana legalization bills

Apr. 28, 2022 16:08 PM EDT

CONCORD, N.H. (AP) — The New Hampshire Senate on Thursday rejected two marijuana legalization bills, one that would’ve created a state-run monopoly for retail sales and another more modest plan to allow small-scale personal use and home cultivation of the drug. Both bills...