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Month: June 2023

Palau leader stresses need for US help to deter China’s assertive move in the Pacific

By MARI YAMAGUCHI Associated Press TOKYO (AP) — The leader of the Pacific island nation of Palau says it needs U.S. help to deter China’s “unwanted activities” around its coasts. Palau’s President Surangel Whipps Jr. also repeated on Thursday his government’s determination to maintain diplomatic ties with Taiwan. The president said in Tokyo that three

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Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans increased their spending at retailers last month despite pressure from  still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, , helped by stronger sales of auto dealers. Economists were expecting a

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US retail sales rose in May

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers rose last month, in a sign that consumers are still fueling the economy. Retail sales at stores, online and in restaurants grew 0.3% in May from April, the Commerce Department reported on Thursday. That’s above economists’ expectations of a 0.1% decline, according to Refinitiv.

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