Posted inBusiness

Weak Retail Sales Dampen Sharp Q2 Growth Rebound Hopes

(Reuters) – U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, the latest sign the economy was struggling to rebound strongly after barely growing in the first quarter. The weaker-than-expected retail sales report from the Commerce Department, and other data on Wednesday showing the 10th straight month […]

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