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CNN —Buyers from all over the world are snapping up charming old houses in isolated villages in Italy. Chicago-based saxophonist Joshua Shapiro, 48, embarked on the quest for la dolce vita as the first step toward a change of life. Many empty homes featured on the local website where owners meet buyers are sold or rented with furniture, but what eventually ends up being left inside is usually negotiated between parties. Courtesy Joshua ShapiroThere was also a bizarre encounter when he first went to take a peek inside the house he had just bought. Accompanied by Castellano, the deputy mayor, Shapiro says he was surprised to find it had tenants inside – a group of elderly nuns.
Persons: we’ll, Stanley Tucci, Joshua Shapiro, , ” Shapiro, , Shapiro, MC Newman Shapiro, Latronico, he’d, , – it’s, Vincenzo Castellano, – Shapiro, Castellano, Latronico’s Organizations: CNN, intel Locations: Italy, . Chicago, United States, Latronico, Basilicata, Europe, Florence, Rome, Bari, , American, Chicago
US retail sales rose in May
  + stars: | 2023-06-15 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
Retail sales at stores, online and in restaurants grew 0.3% in May from April, the Commerce Department reported on Thursday. Retail sales data is adjusted for seasonality but not for inflation. Excluding sales at gasoline stations, retail spending increased by a faster clip of 0.6%. From a year ago, overall retail sales rose 1.6% in May. Impact of the labor marketWhile retail sales held up in May, spending has erred on the weaker side after a big jump in January.
Persons: Brian Field, , Joshua Shapiro, Maria Fiorini Ramirez, Jerome Powell, Thomas Simons, Deborah Weinswig Organizations: DC CNN, Commerce Department, Sensormatic Solutions, CNN, Federal Reserve, Jefferies, , Coresight Locations: Washington
And surveys from the Institute for Supply Management show that the manufacturing sector has been contracting for several months, while fewer manufacturers report an increase in backlogs. “We’re only seeing a gradual pullback in hiring for manufacturing, even as new demand slows, because these backlogs are still helping sustain activity,” she said. Manufacturing saw job losses in February for the first time in 21 months, according to the Bureau of Labor Statistics. There were additional manufacturing job losses in the following month. However, while manufacturing layoffs are expected, they are likely to be limited.
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