Retail sales rose modestly in February, but fell short of forecasts
CBSN
Retail sales around the U.S. rose a modest 0.2% in February, missing forecasts amid fears that the economy is slowing, new government data shows.
A number of major retailers have warned recently that Americans are paring back on spending. Consumer spending accounts for roughly two-thirds of economic activity. Sales in January was also revised down, according to the figures released Monday.
"Many observers were disappointed in January's retail sales figures, and February's numbers contribute to the 'economic growth is slowing' narrative," Ted Rossman, senior industry analyst with Bankrate, said in an email.
Google owner Alphabet will buy cybersecurity firm Wiz for $32 billion — in a deal set to boost the tech giant's in-house cloud computing amid burgeoning artifical intelligence growth.
Senate Minority Leader Chuck Schumer argued Tuesday that he remains the "best leader for the Senate" despite backlash from some Democrats over his decision to allow a Republican-led measure to advance, avoiding a government shutdown.
The family of missing college student Sudiksha Konanki has asked authorities that she be declared deceased, the Loudoun County Sheriff's Office in Virginia told CBS News, almost two weeks after she disappeared while visiting Punta Cana for spring break.
A 13-year-old boy has been charged with murder in a fatal hit-and-run of a bicyclist in Albuquerque that was captured on video from inside the boy's stolen car, law enforcement said Monday.
Washington — President Trump on Monday said he was revoking Secret Service protection for former President Joe Biden's son, Hunter Biden, "effective immediately." Biden's daughter, Ashley Biden, will also lose her Secret Service detail, Mr. Trump said.
President Trump announced that tens of thousands of pages of the JFK assassination files would be released to the public Tuesday.
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Search efforts pressed on into their second week for Sudiksha Konanki, a college student at the University of Pittsburgh who went missing earlier this month during a trip to the Dominican Republic resort town Punta Cana.
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A federal judge canceled a Monday morning hearing for a doctor who was deported to Lebanon after demanding to know whether U.S. Customs and Border Protection had "wilfully" disobeyed his order to keep her in the country amid a challenge to her deportation.