Retail sales fall for second time in three months
May 15, 2019
Retail sales in the U.S. fell 0.2 percent in April, below the 0.2 percent increase forecast by economists. The sales decline was the second in three months, following a 1.7 percent increase in March, the biggest increase since 2017, according to figures from the Commerce Department. Seven of the 13 retail categories tracked by the government saw declines in April, including appliances, clothing, electronics, food and beverage stores.
Recent News
Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs
Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn.
Emergency Slide That Fell Off Delta Plane During Flight Found
The emergency slide was found 10 miles from JFK Airport.
Krispy Kreme Debuts New Rewards Program
Krispy Kreme is introducing a new program that piggybacks on its existing Krispy Kreme Rewards.
WeWork’s Bankruptcy Exit Plan Revealed
WeWork is charting a new course to exit bankruptcy, but without its former CEO Adam Neumann in the driver’s seat.