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New sales numbers from the Census Bureau suggest consumers may finally be losing patience with persistent inflation.
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Is there a summer COVID-19 surge this year? Yep, it's ramping up again NPRSummer is now California's COVID busy season as winter waves fade Los Angeles TimesMutated COVID-19 variant could be behind surge in SF virus levels SFGATEWastewater data shows COVID-19 surge in several Bay Area communities NBC Bay Area
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The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
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US retail sales slump unexpectedly and sharply after a summer tax-refund boost fades AP NewsFrustrated US consumers cut their retail spending last month CNNMidday Need to Know: Retail sales drop, Ackman shakes up portfolio & more (SPY:NYSEARCA) Seeking AlphaUS retail sales weakest in over a year, consumer sentiment plunges Yahoo FinanceUS Retail Sales Fall by the Most in More Than a Year Bloomberg.com
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The combined average U.S. sales tax rate rose for the first time in four years to a 10-year high of 10.1881%, according to a new report.
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Mortgage rates hit a recent low at the end of February but rose sharply at the start of the war with Iran. They are now at their highest level in over a year.
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Support from Beijing has helped power 29% gain for Star 50 index this year
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Consumer finances remain strong, but they are being undermined by high inflation, high interest rates, and exhausted excess saving for some. Hence, bankruptcy filings are showing a deterioration in household finances. A first-quarter increase in filings is seasonally normal as holiday spending takes its toll, and that pattern continued. U.S. courts reported that nonbusiness filings came in 12.9% above their year-ago level after rising 19% the prior quarter. On a quarter-to-quarter basis, filings rose 6.9%. Business filings rose in the quarter, up 1.4% from the fourth quarter. They were up 34.6% from a year earlier as high interest rates took a toll. This compares with a 53.2% increase on a year-ago basis in the prior quarter.
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 Prices of school supplies increased a shocking 23.7% in the past two years, according to the latest Deloitte Back-to-School survey.
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