spending

US retail sales strong in February; an increase in the price of petrol will affect spending

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Column chart titled 'Monthly change in US retail sales'

Retail sales increased by 0.6% in February Basic sales earn 0.5%; a large tax refund guarantees spending Production increases in March, but the supply chain continues to deteriorate WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline … Read more

The Iran conflict is destroying the economy, but experts are predicting a rise in defense spending – Breaking Defense

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The Iran conflict is destroying the economy, but experts are predicting a rise in defense spending - Breaking Defense

BEIRUT – Amid the conflict in Iran, oil production facilities and shipping lanes – namely the Strait of Hormuz – have been targeted, disrupting the local and global economy. Imports such as natural gas from Qatar and the United Arab Emirates, as well as oil from Kuwait, Bahrain, Saudi Arabia and the UAE have experienced … Read more