Author: Associated Press

U.S. retail sales were flat in July as inflation takes a toll

Retail purchases were flat in July after having risen 0.8% in June, the Commerce Department reported

WASHINGTON (AP) — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Retail purchases were flat in July after having risen 0.8% in June, the Commerce Department reported. America’s consumers, whose spending accounts for nearly 70% of economic activity, have remained mostly resilient…

Judge: Sen. Graham must testify in Georgia election probe

ATLANTA (AP) — A federal judge on Monday said U.S. Sen. Lindsey Graham must testify before a special grand jury in Atlanta that is investigating whether former President Donald Trump and his allies broke any laws while trying to overturn his narrow 2020 general election loss in the state. Attorneys for Graham, a Republican from South Carolina, had argued that his position as a…