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

The U.S. Department of Commerce said Friday that retail sales dropped 0.6% in July from June, the largest decline since May 2025.

After splurging on the World Cup and Amazon Prime Day sales, Americans unexpectedly cut their spending in July by the biggest amount in more than a year. Retail sales fell 0.6% last month, marking the biggest decrease since May 2025,

FOX Business’ Lauren Simonetti breaks down the disappointing July retail sales data, which fell 0.6% month-over-month. She details how consumers are pulling back on spending and analyzes the muted impact on U.

Student-loan borrowers are facing sweeping repayment changes. Here's what's on their minds, from new payments to billing errors.

Despite backing from both Republicans and one Democrat, the bill is facing resistance from an unexpected source.

Six Republican-led states are suing to block President Biden's student loan forgiveness plan. Terry Haines, the founder of Pangaea Policy, joins CBS News to discuss the suits and the latest developments on the administration's plan.

More than nine million Americans have fallen into default on federal student loans, representing approximately $230 billion in missed payments, as consumers continue to face mounting debt across multiple categories.

Benchmark government bond yields were a tad lower early Thursday, as traders awaited factory gate inflation data. The 10-year Treasury yield dipped 1.6 basis points to 4.674%, leaving it just several basis points below multi-month highs.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, fell more than 5 bps to 4.14%. The longer-dated 30-year Treasury bond yie

U.S. Treasury yields edged lower Thursday morning after the latest producer price index report showed cooler-than-expected wholesale inflation. July PPI came in at +0.0% month-over-month, undershooting the consensus forecast of a +0.

Stock futures rose and Treasury yields declined ahead of the monthly Producer Price Index reading Thursday, as traders increasingly believe the Federal Reserve will not raise interest rates at its meeting next month.

A tanker came under attack trying to leave the Persian Gulf and Treasury Secretary Scott Bessent threatened tougher restrictions on Iran's economy, pushing oil prices higher. Brent crude prices are up just under 1% at around $88 a barrel.

The International Energy Agency warned of sharp drop in oil stocks amid renewed disruption to exports from Gulf producers with "lower volumes" at sea.

Oil prices rose more than 1.5%, with benchmarks headed for a weekly gain of nearly 6% as talks over the Hormuz Strait stalled and the U.S. prepared to send a fresh aircraft carrier to the Middle East.

"In price, is knowledge," is an old market saying. So what is the oil price telling us? At less than $90 a barrel, it isn’t screaming shortage. How so amid the Iran war? The release of strategic reserves is helping,

Comex gold futures’ uptrend is likely taking a minor pause, based on the daily chart, RHB Retail Research’s Joseph Chai says in a research report. Latest price movements suggest that the precious metal is poised for a correction and is pulling back toward the 20-day simple moving average,

Gold prices slipped on Friday and were ‌headed for a weekly loss as investors locked in profits after mild U.S. inflation data propelled bullion to its highest level in more than two months and weakened the case for a near-term Federal Reserve ​rate hike.

U.S. futures were lower after climbing in the previous session on soft inflation data that gave fresh hopes the Fed would hold interest rates at its meeting next month.

Gold reversed course to fall about 1% on Thursday as ‌investors booked profits after softer-than-expected U.S. inflation figures slashed expectations of near-term Federal Reserve rate hikes and sent the non-yielding metal's prices to a more than two-month high.

The revised predictions followed the latest inflation report from the Bureau of Labor Statistics on Wednesday.

"It’s doubtful that anyone is celebrating because 3.4% is still higher than the average, which is around 2.6%," Johnson said. "We are in a brave new world of breathtakingly high

Social Security 2027 COLA estimates range from 3.2% to 3.6% after July CPI inflation data showed consumer prices rose 3.4% from a year ago.

Social Security’s COLA is determined by inflation in the third quarter of the year: July, August and September. The formal announcement of the 2027 COLA is set for October, with