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by Kim Souza -

Consumer beef prices rise almost 23% in May

Consumers craving hamburgers, steaks and brisket paid high prices for the beef they purchased in May ahead of Memorial Day. The U.S. Department of Agriculture said retail beef prices rose…

by Jeff Della Rosa -

Industrial production increased by 1.4% in May

Total industrial production rose 1.4% in May, from April, as many factories resumed at least partial operations following suspensions related to COVID-19 (coronavirus), according to the Federal Reserve. Meanwhile, the…

by Kim Souza -

U.S. retail sales rise 17.7% in May

Consumers increased spending in May with retail sales up 17.7%, reversing the 14.7% drop in April. But retail sales through May are down 6.1% year-over-year, according to a U.S. Department…