business
High gas prices soak up more retail-sales dollars — and restaurants are paying the bill
Americans are spending more on gas and eating out less, a sign of stress on the economy tied to the conflict with Iran that’s forced consumers to shift more dollars to needs instead of wants.
Read full story on MarketWatch → More top storiesAlso covered by
Bloomberg Markets
US Retail Sales Surge in May Despite High Gasoline Prices
Yahoo Finance
Retail Sales Jump Nearly 1% in May. High Gas Prices Can’t Keep Consumers Down.
Fortune
Americans are still spending their tax refunds — for now, as retail sales jump in May
Financial Times
US retail sales jump in sign consumers are weathering petrol shock
Aggregated and edited by the Scoop newsroom. We surface news from MarketWatch alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop