Reported about 2 months ago
Bloomberg reports that strong retail sales in July and a decrease in unemployment benefit applications indicate the US economy's resilience, even as inflationary pressures ease. Retail sales rose significantly, and Walmart's optimistic sales guidance reflects consumer spending habits. Meanwhile, the UK job market shows signs of strength, but the euro zone faces economic challenges, and foreign investment in China has dropped sharply, highlighting global economic uncertainty.
Source: YAHOO