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Retail Sales Drop in February. But the big changes of the season caused them to jump. A Second Look

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Retail Sales Drop in February. But the big changes of the season caused them to jump. A Second Look

But what happened to food and drink stores? By Wolf Richter for WOLF STREET. Retail sales rise in December and fall in January and February, each year in different patterns. Major seasonal factors are used to reduce sales in December and increase sales in January and February, to balance them. And that was on full … Read more

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

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While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more