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Cato Corp. reported significantly weaker Q2 2026 results, missing expectations due to inflation impacting consumer spending. The stock plunged 25.6%, underperforming the S&P 500. Management expects t…
Back-to-school costs are rising sharply due to tariffs and higher energy prices, adding to broader U.S. consumer inflation pressures and straining household budgets ahead of the 2026-27 school year.
Shares of Alphabet and Tesla fell on concerns that rising oil prices will fuel inflation, increasing costs and potentially dampening consumer spending.
Canadian retail sales rose 0.9% in March but fell in volume terms. April estimates suggest continued weakness. Elevated gas prices may further constrain household spending, supporting Bank of Canada'…