Southwest Airlines slashed 15% of its corporate workforce in an effort to cut overhead costs.
Read More Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce CostsTag: savings
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in MayReport: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Read More Report: Inflation Increased Again In March As Consumer Spending Rose