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Retail Sales Rise, Wall Street Declines Amid Inflation Woes

8/18/2025

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Summary

Story summary

Core retail sales increased by 0.3% in July, after a 0.8% rise in June.
Wall Street declined, driven by tech and financial stocks amid weak consumer sentiment and semiconductor tariff concerns.
Intel's stock rose nearly 3% on potential government support, while other chip stocks decreased.
Chicago Fed President Goolsbee warned against early rate cuts due to ongoing inflation concerns.

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Story summary

Core retail sales increased by 0.3% in July, after a 0.8% rise in June.
Wall Street declined, driven by tech and financial stocks amid weak consumer sentiment and semiconductor tariff concerns.
Intel's stock rose nearly 3% on potential government support, while other chip stocks decreased.
Chicago Fed President Goolsbee warned against early rate cuts due to ongoing inflation concerns.