Retail sales up 0.6% in February, but fallout from Iran war threatens to dampen spending

Retail sales up 0.6% in February, but fallout from Iran war threatens to dampen spending

NEW YORK — Consumers increased their spending in February, particularly on cars and clothing, after pulling back earlier in the year due to severe winter storms. Retail sales rose a more than expected 0.6% in February, from a 0.1% decline in January, the Commerce Department said Wednesday. But there is concern that the war in … Read more

Gas prices rose more than $4 on average for a typical gallon in the US, the highest since 2022.

Gas prices rose more than $4 on average for a typical gallon in the US, the highest since 2022.

NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more