US Redbook YoY (Jul/18) Y/Y 7.8%
The US Redbook YoY growth of 7.8% indicates a solid year-over-year increase in retail sales for the period.
OpenAI is to announce that it has now reached 10mln users following the release of ChatGPT Work, Bloomberg reports
Intel (INTC) and Fortinet (FTNT) are collaborating to advance cybersecurity innovation and strengthen global supply chain resilience
US Redbook YoY (Jul/18) Y/Y 7.8%
USTR's Greer says Canada is giving other countries better trade deals and action that Trump proposed yesterday is tailored to Canada; Canada's trade retaliation has been notable
Daily US Equity Opening News - TSM to raise advanced and mature chipmaking prices; NVDA discloses 9.3% NBIS stake
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This data point can suggest strength in consumer spending, which may have implications for overall economic health and future inflation pressures, possibly influencing Fed policy. Keep an eye on subsequent data for confirmation of this trend or any signs of volatility.
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