Retail spending fell in March as consumers pull back

Washington, DC CNN  —  Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% […]

US ‘disappointed’ by Chinese court’s decision to uphold death sentence for American citizen

CNN  —  The US State Department said Thursday it is “disappointed” by a Chinese court’s decision to uphold the death sentence for American citizen Mark Swidan and called for his immediate release. “Today the People’s Republic of China’s Jiangmen Intermediate Court denied wrongfully detained US national Mark Swidan’s appeal, and upheld his death penalty with […]

Yellen: ‘Not anticipating a downturn’ in the US economy

Minneapolis CNN  —  US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference Tuesday […]

//
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, how can I help?