US Retail Sales See Biggest Drop in Over a Year During July
US retail sales experienced their largest decline in over a year during July, with a significant drop attributed to factors such as cheaper gas and a post-Amazon Prime Day slowdown. This downturn also reportedly led to a substantial loss for trading firm Jane Street.
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July Retail Sales Notch Biggest Drop in Over a Year
The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
By Kim Bhasin
Read full article →US Retail Sales Fall Most Since May 2025
US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. The value of retail purchases, which isn’t adjusted for inflation, decreased 0.6%, the most since May 2025, according to data published Friday by the Census Bureau. Veronica Clark, US Economist with Citi, reacts to the US retail sales data and discusses the weakening labor market and slowing inflation. (Source: Bloomberg)
Read full article →Jane Street suffers $15bn loss in July market ructions
Wall Street trading firm has still recorded hefty trading revenues in 2026
Read full article →Retail sales tumble in July, their biggest drop in more than a year
New sales numbers from the Census Bureau suggest consumers may finally be losing patience with persistent inflation.
By Rachel Lerman
Read full article →Jane Street took $15 billion hit in July tied to Situational Awareness, AI selloff, sources say: Reuters
Jane Street took a $15 billion hit in July from its exposure to AI-focused hedge fund Situational Awareness and other tech stocks that were battered by the market selloff, according to two people familiar with the matter and a note seen by Reuters.
Read full article →Retail sales slump. Cheaper gas and an Amazon Prime hangover are the chief culprits.
Sales at U.S. retailers in July had the largest decline in 14 months, but not because the economy sputtered. Americans spent less at gas stations due to cheaper fuel and bought less online after Amazon’s summer sales bonanza.
By Jeffry Bartash
Read full article →World Cup Hangover Triggers Retail Sales Slump In July, K-Shaped Economy Waning
World Cup Hangover Triggers Retail Sales Slump In July, K-Shaped Economy Waning Based on BofA's almost omniscient analysts, traders should expect a big disappointment this morning from US retail sales as the bank's data showed a huge drop in online retail (card not present) in July... ...because Prime Day and related promotions were pulled forward from July to June this year. Many other retail categories also saw m/m declines, including clothing, gas (due to lower prices) and...
By Tyler Durden
Read full article →My Thoughts about those July Retail Sales
Consumers spent at retailers & restaurants just fine, but Amazon Prime Day and seasonal adjustments wreaked some havoc.
By Wolf Richter
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