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

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: clickondetroit.com

Prabowo Subianto is too spendthrift and too authoritarian Source: economist.com

He has minimized soaring gas prices, rising inflation and the American economy’s need for the Strait of Hormuz. Source: nytimes.com

The UK economy is showing resilience – it’s worth diving into the data in more detail to understand why. Source: bbc.com