Retail sales slumped 0.9% in January, down much more than expected

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  Retail sales slumped 0.9% in January, down much more than expected

  Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.
  
  NBC News - 6d
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  Why U.S. Consumer Prices Increased More Than Expected in January

  Businesses may have raised prices in anticipation of new tariffs imposed by the Trump administration.
  
  Inc. - Feb. 12

• Retail sales slump. Cold snap and post-holiday blues depress spending.

  Consumers took a breather from holiday shopping season and a severe cold snap in the U.S. kept people indoors
  
  MarketWatch - 6d

• Moderna beats on revenue but loses more than expected as it scales down manufacturing

  It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the decline of its Covid business.
  
  CNBC - 6d

• Inflation hotter than expected in January, consumer price index shows

  The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly ...
  
  CBS News - Feb. 12

• Wholesale prices rise 0.4% in January, higher than expected

  The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that progress against inflation has stalled. CBS News MoneyWatch correspondent ...
  
  CBS News - Feb. 13

• UK inflation leaps to higher-than-expected 3% in January

  Economists polled by Reuters had expected a January reading of 2.8%.
  
  CNBC - 1d

• Walmart stock tumbles on a lower-than-expected sales forecast

  Walmart delivered another year of strong sales and profits, but executives expressed caution about an uncertain economic landscape.
  
  CBS News - 2h

• Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

  The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.
  
  CNBC - Feb. 12

More from CNBC

• Walmart shares drop as retailer says profit growth will slow

  Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.
  
  CNBC - 1h

• Amazon surpasses Walmart in revenue for the first time

  Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
  
  CNBC - 15m

• Trump is 'not happy' with Boeing over Air Force One delays, but airlines are growing upbeat

  President Trump has expressed frustration about delays of new Air Force One aircraft from Boeing.
  
  CNBC - 1h

• Palantir shares drop 7%, falling for a second day, as retail traders' latest cult obsession starts to unwind

  Wednesday's decline came as investors keyed in on the CEO's new stock sale plan and the possibility of defense cuts.
  
  CNBC - 1h

• New York Gov. Hochul will not remove Mayor Eric Adams 'right now'

  The DOJ is seeking to dismiss its criminal case against Adams, citing the need for his cooperation on Trump immigration enforcement policies.
  
  CNBC - 3m

More in Business

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  Fox News, CNN and Other Outlets Urge White House to Drop AP Ban

  Dozens of major news organizations, including some conservative outlets, urged the Trump administration to stop blocking The Associated Press from press events.
  
  The New York Times - 2m

• New York Gov. Hochul will not remove Mayor Eric Adams 'right now'

  The DOJ is seeking to dismiss its criminal case against Adams, citing the need for his cooperation on Trump immigration enforcement policies.
  
  CNBC - 3m

• Your retirement savings are at risk in an openly insane stock market

  Fund managers admit they’re buying overvalued stocks.
  
  MarketWatch - 4m

• Amazon surpasses Walmart in revenue for the first time

  Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
  
  CNBC - 15m

• Walmart is the Dow’s worst performer today. Analysts aren’t nervous.

  Walmart was the Dow Jones Industrial Average’s worst performer on Thursday, after the big-box retail chain forecast its first year-over-year drop in quarterly profit in three years.
  
  MarketWatch - 23m