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NEW YORK (AP) — Retail sales in the U.S. were flat in April after soaring in March,...

Joseph Pisani, The Associated Press Retail sales in the U.S. were flat in April after soaring in March, when many Americans received US$1,400 stimulus checks that boosted spending. The report Friday from the U.S. Commerce Department was worse than the 0.8% rise Wall Street analysts had expected. But it wasn’t all bad: March’s number was revised upwards to 10.7%. Americans started receiving a third round of stimulus checks that month, helping retail sales soar. The question is whether consumers will continue to spend without stimulus checks. “The April retail sales tip the odds toward sl...

Joseph PisaniAssociated Press Retail sales in the U.S. were flat in April after soaring in March, when many Americans received US$1,400 stimulus checks that boosted spending. The report Friday from the U.S. Commerce Department was worse than the 0.8% rise Wall Street analysts had expected. But it wasn’t all bad: March’s number was revised upwards to 10.7%. Americans started receiving a third round of stimulus checks that month, helping retail sales soar. The question is whether consumers will continue to spend without stimulus checks. “The April retail sales tip the odds toward slower s...

Economists proposed a variety of possible reasons for the poor showing, including worker shortages, a shift away from industries that thrived while Americans stayed home during the pandemic, supply-chain snarls and problems with Labor's seasonal adjustment of the raw numbers.  Leisure and hospitality, which includes restaurants and bars -- the industry hit hardest by payroll losses -- continued to recover, adding 331,000 jobs. But other sectors had weak showings. President Joe Biden said Friday he’s not disappointed in the report, calling the figures evidence that the $1.9 trillion coronav...

AP Photo/Steven Senne, File WASHINGTON (AP) — Orders for big-ticket manufactured goods rebounded 0.5% in March as U.S. factories recovered from February weather disruptions. However, the recovery was not as strong as most had expected due to ongoing supply chain disruptions that continue to ensnare U.S. manufacturers. It was the tenth time in the past 11 months that factory orders have increased with February being the exception, when orders declined 0.9% as severe winter storms raked much of the country. Orders in a closely watched category that tracks business investment plans also reboun...