Americans unexpectedly cut their spending in July by the biggest drop since May 2025, raising doubts about the resiliency of consumers who have kept spending and powering the economy despite the rising costs of daily expenses. Retail sales slipped 0.6% last m…
NEW YORK (AP) After splurging on the World Cup and Amazon Prime Day sales, Americans unexpectedly cut their spending in July by the biggest amount in more than a year.
Retail sales fell 0.6% last mo… [+5406 chars]
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