U.S. Retail Spending Grew at a Slower Pace in August The increase in retail sales marks an eased pace from earlier in the summer when spending rebounded sharply from steep declines that occurred early in the pandemic. Consumers spent more on clothing, electronics and furniture in August as students went back to school. Rich Economies Set to Recover More Quickly

Snowflake’s Stock Price Soars in IPO Snowflake’s shares made their debut at $245 a share on their first day of trading, more than double the IPO price. Why Stocks Rebounded in Record Time