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Retail sales slow in April after a spending splurge as Americans sought to front-run tariffs

Retail sales slow in April after a spending splurge as Americans sought to front-run tariffs

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO, AP Business Writers

WASHINGTON (AP) — U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs.

Sales at retail stores and restaurants rose just 0.1% in April from March, the Commerce Department said Thursday. That is much lower than the previous month’s 1.7% gain, which reflected a surge in car sales as consumers accelerated purchases ahead of President Trump’s 25% duty on auto imports that went into effect this month.

Last month’s tiny increase after the March surge makes it harder to get a clear read on consumer spending trends and reflects the ongoing turmoil and uncertainty in the economy in the wake of Trump’s stop-and-go tariff policies. Many publicly-traded companies have withdrawn or held off on the traditional practice of forecasting their revenues and earnings for the rest of this year because the economic landscape has become so chaotic.

Meanwhile, Americans are increasingly gloomy about the economy’s prospects, according to sentiment surveys, but it’s not yet evident whether that will translate into reduced spending and slower economic growth. read more

Great Recession taught me lessons that still apply now

Great Recession taught me lessons that still apply now

For those who’ve been through one, talk of a recession can be triggering. We’re not officially there yet (as of this writing), but it’s natural to be anxious about increased prices due to tariffs and the potential aftermath.

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Nearly 9 in 10 Americans (85%) have concerns about the tariffs, with one of the top worries being the tariffs resulting in a recession (45%), a NerdWallet survey found.

I recall how the Great Recession demolished jobs across the U.S., including mine. After graduating in 2009, I worked four months as an entry-level executive assistant at a nonprofit before being laid off.

I had limited financial knowledge, a short work history and a lot to prove to break into the field of journalism, my ultimate goal. Along the way, I picked up valuable lessons that might help you manage your finances in a shaky economy. read more

Massive lazy river, giant sombrero in Royal Caribbean’s new party plans

Massive lazy river, giant sombrero in Royal Caribbean’s new party plans

Royal Caribbean is big on superlatives. The company already has the world’s largest cruise ship. Now the cruise line is building a new private resort in Mexico that will herald in a few more titles.

Royal Caribbean's Perfect Day Mexico is a 200-acre private destination... Royal Caribbean’s Perfect Day Mexico is a 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean) Loco Waterpark will feature more than 30 slides including one... Loco Waterpark will feature more than 30 slides including one shaped like a sombrero at Royal Caribbean’s Perfect Day Mexico is a 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean) Royal Caribbean's Perfect Day Mexico is a 200-acre private destination... Royal Caribbean’s Perfect Day Mexico is a 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean) Loco Waterpark will feature more than 30 waterslides including the... Loco Waterpark will feature more than 30 waterslides including the hydrolaunch slides that shoot riders into the air, adjacent a swim-up bar designed to let spectators enjoy the action. The park is a major feature of Royal Caribbean’s Perfect Day Mexico, its 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean) The Loco Waterpark will feature more than 30 slides including... The Loco Waterpark will feature more than 30 slides including 10 on the Jaguar’s Peak tower that will rise to more than 170 feet tall, the tallest waterslide tower across North and South America. The waterpark is a central feature of Royal Caribbean’s Perfect Day Mexico, a 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean) A kid-friendly water play area called Splashaway Bay will be... A kid-friendly water play area called Splashaway Bay will be located in the Splash Cove neighborhood of Royal Caribbean’s Perfect Day Mexico, a 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean) El Hideaway is an adults-only area coming to Royal Caribbean's... El Hideaway is an adults-only area coming to Royal Caribbean’s Perfect Day Mexico, its 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. El Hideaway will have a zero-entry pool, swim-up bar, in-pool DJ and the new Ultimate Party Cabana with its own pool and bar for 20 guests. (Courtesy/Royal Caribbean) The extra-cost Costa Beach Club will offer private cabanas, an... The extra-cost Costa Beach Club will offer private cabanas, an infinity pool and premium dining along with its own beach at

Royal Caribbean’s Perfect Day Mexico, a 200-acre private destination resort being constructed at the port of Costa Maya, Mexico. It’s set to open in fall 2027. (Courtesy/Royal Caribbean)

Perfect Day Mexico is now under construction at the port of Costa Maya, which the cruise line bought in 2024. It has a planned opening for fall 2027, and it will be more than twice as large as Royal Caribbean’s existing “Perfect Day” concept found on its private Bahamas island Coca Cay.

The Costa Maya version will be more than 200 acres and feature a bigger water park, more beach access, bigger pools and even the world’s largest sombrero.

“This thing is going to be at the end of the day an engineering marvel, which is super fun to say,” said Royal Caribbean’s chief product innovation officer, Jay Schneider, during an interview last month at the company’s Miami headquarters. read more

Maryland loses triple-A bond rating from Moody’s rating agency

Maryland loses triple-A bond rating from Moody’s rating agency

By BRIAN WITTE

ANNAPOLIS, Md. (AP) — Maryland lost its triple-A bond rating from Moody’s on Wednesday, a rating the state has cited for more than 50 years as a sign of strong fiscal stewardship.

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Moody’s downgraded the state’s credit rating to Aa1. Maryland had received a triple-A bond rating from Moody’s since 1973. The state has benefitted from the higher rating by paying the lowest rates when it sells bonds to pay for infrastructure, likes roads and schools.

“The downgrade was driven by economic and financial underperformance compared to Aaa-rated states, which is expected to continue given the state’s heightened vulnerability to shifting federal policies and employment, and its elevated fixed costs,” Moody’s said. read more

More than 1,000 Starbucks baristas go on strike to protest new dress code

More than 1,000 Starbucks baristas go on strike to protest new dress code

By DEE-ANN DURBIN

More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday to protest a new company dress code, a union representing the coffee giant’s workers said Wednesday.

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Starbucks put new limits starting Monday on what its baristas can wear under their green aprons. The dress code requires employees at company-operated and licensed stores in the U.S. and Canada to wear a solid black shirt and khaki, black or blue denim bottoms.

Under the previous dress code, baristas could wear a broader range of dark colors and patterned shirts. Starbucks said the new rules would make its green aprons stand out and create a sense of familiarity for customers as it tries to establish a warmer, more welcoming feeling in its stores. read more