W

Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits.

Business Management
Share
Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits.

Sales at U.S. retailers fell in July for the first time in 14 months, but not because the economy sputtered. Americans spent less at gas stations because of lower oil prices and they bought less online after Amazon’s summer sales bonanza.

Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits.

Source：MarketWatch

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Live updates: Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings

The outflows followed a 45hour withdrawal freeze after a $6.3 billion theft, with rival exchanges attracting deposits as customers regained access to their…

China’s Communist Party calls for a crackdown on corruption that uses crypto and blockchain

China's Communist Party has named virtual currency and blockchain in a new anticorruption call. Source：CoinDesk

Why stealing billions from a crypto exchange can be harder to stop than a bank theft

The $6.3 billion Binance breach has revived a debate over whether crypto exchanges are less secure than banks or simply harder to protect once hackers get…

Bitcoin ETFs sink into October outflows with $643M exit after Binance hack

US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.…

Source：https://www.marketwatch.com/story/retail-sales-slump-in-july-cheaper-gas-and-amazon-prime-hangover-are-the-chief-culprits-b9db8535