BUSINESS

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020.

U.S. Retail Sales In June Boosted By Gasoline, Automobiles

U.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an imminent recession but not change the view that economic growth in the second quarter was tepid.
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U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022.

Dollar Consolidates At 2-decade High; Euro At Parity

The U.S. dollar held at a two-decade high on Friday as a broad wave of risk aversion swept through global markets, with traders flirting with the prospect of a 100 basis point rate hike by the Federal Reserve later this month.

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