Sales at retail stores surged in May, but the increase was a double-edged sword. Americans are spending more because of a strong economy, but rising inflation also means they have to pay more for gas and other staples. See full story.
The stock market suffers from seasonal affective disorder too
ECB plans to end its massive bond-buying program in December
The European Central Bank says it will begin tapering its monthly bond purchases in October, aiming to bring its controversial quantitative easing program to a close by the end of 2018. See full story.
Whole Foods CEO says he’s ‘not afraid to get fired’ over clashes with Amazon
The relationship between Amazon.com Inc. and Whole Foods has been rocky since the tech giant acquired the grocery chain a year ago, Whole Foods Chief Executive John Mackey told employees, but he said he’s held his ground and is happy with how it turned out. See full story.
Here’s the biggest winner in the AT&T-Time Warner merger
AT&T-Time Warner merger could hand Time Warner’s CEO a $434 million ’platinum parachute,’ writes Howard Gold. See full story.
A federal judge has ruled that President Trump can’t block Twitter users. See full story.