Executive Branch

U.S. Retail Sales Declined in May as Inflation Stings Consumers

U.S. Retail Sales Declined in May as Inflation Stings Consumers

Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates. Retail sales—a measure of spending at stores, online and in restaurants—fell a seasonally adjusted 0.3% in May from the previous month, the Commerce Department said Wednesday. That was the first decline in month-over-month retail spending …

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U.S. Retail Sales Grew 0.9% in April

U.S. Retail Sales Grew 0.9% in April

Americans continued to pump money into the U.S. economy in April, with increased retail spending offering the latest sign consumers are driving demand at stores and manufacturers despite the pinch from high inflation. Retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 0.9% last month compared with March, the Commerce …

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The clock is running out for Congress to pass Big Tech antitrust bills this year

The clock is running out for Congress to pass Big Tech antitrust bills this year

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later — amid feverish lobbying efforts by Apple …

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