Residents in four Chinese cities described a mixture of amusement and anger, blaming U.S. tensions for a slowing economy and rising fuel prices. Source: nytimes.com

Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war Source: ft.com

The Rodríguez government announced a major debt overhaul while seeking to revive Venezuela’s oil industry and attract foreign investment. Source: miamiherald.com

The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran Source: latimes.com

Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the largest one-month increase in retail spending in more than three years, largely because gas prices spiked higher rapidly. Source: pbs.org

Americans continue to open their wallets, despite record-low consumer sentiment due to the war with Iran, in part thanks to a resilient US labor market. Source: cnn.com