U.S. Retail Sales Fell Again in June
(New York Times) — Retail sales fell in June for the second straight month, reviving concerns about how much of a slowdown the economy will have to endure in the second half of the year. The Commerce Department said Wednesday that retail spending dropped 0.5 percent in June. That followed an even larger 1.1 percent fall in May. Excluding autos, spending was down a smaller 0.1 percent in June.