Nationwide Retail Sales Up in May
Economists were expecting a decline for the month.
Inflation Slips from 40-Year Peak but Remains High
Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.
Bonds, Haven for Elderly and Cautious, are Getting Torched
High-quality U.S. bonds have lost more than 10 percent so far this year, as of Monday, on pace for one of their worst years in history. The investors feeling it the most are the very ones who invest conservatively, favoring bonds instead of stocks in hopes of securing historically steady returns.
