NEW YORK — Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods. Total sales dropped a seasonally adjusted 1.3% in May from the month before, the U.S. Commerce Department said...
Bredefeld Calls for Reopening All Fresno Businesses
Councilman Garry Bredefeld used strong language Tuesday to convey his desire for all businesses to open now. During his hour-long news conference outside the council chambers at Fresno City Hall, Bredefeld used terms like "draconian," "heavy-handed," and "authoritarian" to describe state and local government's reaction to the coronavirus pandemic. And...
Buoyant Stocks Lift US Household Wealth, Mainly for Affluent
WASHINGTON — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans' stock and mutual fund portfolios rose $800 billion...