Paul Wiseman and Anne D’Innocenzio

Government, Business, Fuel

Retail Sales Were Flat in July

gas pump Gasoline sales plunged 1.8%, reflecting a drop in pump prices. (Daniel Acker/Bloomberg)

WASHINGTON — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

August 17, 2022
Government, Business, Safety

Despite Supply Issues and Omicron, Holiday Sales Rise 8.5%

TVs at Target A shopper looks at televisions during a Black Friday sale at a Target in Indianapolis. (Darron Cummings/AP)

Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.

December 27, 2021