Retail sales fell 0.6% in July as consumers tightened their belts. Plus: Etsy’s “flop era,” Canadian border businesses, and Candy Crush.
A look at new inflation data, a narrowing K-shaped economy, and the rest of the week’s economic news.
Retail sales fell 0.6% in July, a bigger drop than expected and a sharp reversal from June's modest uptick.
Ej Dickson, senior culture writer at Wired, gives us a look into why sellers are leaving Etsy, which has been inundated with mass-produced and AI-generated products.
Border businesses in Minnesota and North Dakota say fewer Canadian visitors are cutting into sales, forcing some to reduce hours, staff and spending.
Alanna Okun, a writer and game designer, said the game has become a stand-in for a “thing people do when they are messing around on their phones.”