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US retail sales highlights consumer caution
US retail sales fell 0.9% month-on-month in May, a weaker outcome than the -0.6% MoM figure predicted by the market. April's figure was also revised lower to a -0.1% MoM contraction from the initially reported +0.1% MoM outcome. This was largely a weak autos (-3.5%), building materials (-2.7%) and gasoline (-2%) story with clothing (+0.8), miscellaneous (+2.9%) and non-store retail (+0.9%) performing better. Tariff front running led to a surge in auto sales in March, but this has now completely reversed. The chart below shows different retail sales component levels indexed to 100 for February 2020 and highlights how ... (full story)
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From @realDonaldTrump|Jun 17, 2025|20 comments
We now have complete and total control of the skies over Iran. Iran had good sky trackers and other defensive equipment, and plenty of it, but it doesn’t compare to American made, conceived, and manufactured “stuff.” Nobody does it better than the good ol’ USA.
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