US retail sales declined more than expected in May, falling -0.9% month-on-month to USD 715.4B, well below the forecasted -0.6% mom drop. The weakness was broad-based, with ex-auto sales falling -0.3% mom and ex-gasoline sales down -0.8% mom. Even the core control group—excluding autos and gasoline—registered a -0.1% mom decline, suggesting slowing momentum in discretionary […]
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The Great Freight Recession continues to force trucking and logistics companies into financial distress, requiring many to file for Chapter 11 bankruptcy and sometimes close down their business. Whether it’s a large trucking company that Read more…
Verizon (VZ) has an unpleasant surprise for customers after it recently suffered a significant loss. In February, Verizon officially increased the monthly prices of its myPlan and New Verizon Plan wireless accounts in response to Read more…
Once its launch in Austin, Texas, proves successful, Tesla plans to expand its robotaxi program to multiple cities. Self-driving Teslas have already been spotted on city streets with a human riding shotgun ahead of the program’s official launch. ”It’s prudent Read more…