US consumers are pulling back on spending:
US retail sales dropped -0.6% in July, the largest monthly decrease since May 2025, missing expectations of a +0.1% increase.
The biggest drop came from non-store retailers, including Amazon, $AMZN, where sales fell -2.2%, the
US retail sales dropped -0.6% in July, the largest monthly decrease since May 2025, missing expectations of a +0.1% increase.
The biggest drop came from non-store retailers, including Amazon, $AMZN, where sales fell -2.2%, the