Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates

NEW YORK (AP) — Americans increased their spending at retailers last month despite pressure from still-high…

American workers are becoming less productive. That’s bad news for the Fed | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a…

Inflationary pressures continue to ease, producer prices drop 0.3% from April to May

WASHINGTON (AP) — Wholesale prices in the United States dropped 0.3% from April to May, another…

Why is inflation cooling — and why isn’t it coming down more | CNN Business

New York CNN  —  Ahead of May’s closely watched Consumer Price Index, set to be released…

The AI boom is here. Is it too late to invest? | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a…

Why do businesses keep raising their prices? | CNN Business

Los Angeles CNN  —  After two years of surging prices, economists still can’t agree on what…

People are spending more on groceries. But they’re buying less | CNN Business

New York CNN  —  The past few months of robust grocery store sales would suggest that…

Saudi Arabia cutting oil supply in move that could raise gas prices

Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral…

Why one popular shoe brand is lowering prices in the face of inflation | CNN Business

New York CNN  —  As inflation continues to strain family budgets, forcing people to prioritize purchasing…

The Fed can’t figure out what’s happening with the job market | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a…