Some retail earnings reports out this week are giving us a look at the state of the U.S. consumer — and it ain’t pretty. Lowe’s reported yesterday, and we just heard from Target this morning. What do those earnings reveal?
Worsening inflation, a scarcity of basic goods and a decadeslong U.S. economic embargo are sending Cubans reeling. And sugar production — once Cuba’s most important and profitable trade — is nearing collapse.