This key measure of the US economy held surprisingly steady
CNN
It’s been a disappointing few months for American retailers, but the consumer isn’t tapping out quite yet.
It’s been a disappointing few months for American retailers, but the consumer isn’t tapping out quite yet. Spending at US retailers has been mostly flat since the beginning of the year, holding steady in June, the Commerce Department reported Tuesday. June’s reading was better than the outright decline economists projected in a FactSet poll. The figures are adjusted for seasonal swings but not inflation. This story is developing and will be updated.
Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN on Tuesday, buying Japan’s largest steelmaker an additional 90 days to close its acquisition of an American rival after political opposition emerged in an election year.
So far, the attacks that targeted Iran-backed Lebanese militant group Hezbollah members through their pagers have had devastating consequences. At least nine people, including an eight-year-old girl, were killed, and at least 2,800 were wounded. Over 150 of those injured are in critical condition, according to the Lebanese health minister.