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Retail sales were weaker than expected in April, furthering concerns about the state of the consumer amid sticky inflation and higher interest rates. Retail sales were flat in April from the previous month, according to Census Bureau data. Economists had expected a 0.4% increase in spending, according to Bloomberg data. This marked a slowdown from the 0.6% ...
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Copper futures hit a record high on Wednesday as demand for the base metal stays strong amid a rush to build data centers and the continued electrification of the global economy. Copper prices on the NYMEX hit $5.02 per pound, according to data from FactSet. The metal has gained more than 25% so far this year. Demand for copper is widely considered a proxy ...