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Apple Maps driving activity is slowing again in warning sign for the economy

From cnbc.com

Notably, the time period for this recent slide includes the Fourth of July, when many Americans typically hit the road for a vacation or to attend a family barbecue. In a note to clients Tuesday, the RBC cited a "slowing degree of traffic activity" and lower-than-average gasoline prices during the holiday weekend, which it called the busiest driving weekend of the year. "Nationwide, gasoline pricing held steady at $2.18/gal, which is the cheapest for Independence Day weekend in at least a decade and 28% below seasonally normal prices," wrote Michael Tran, an RBC commodity strategist. Of course, this was not a ... (full story)

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  • Category: Fundamental Analysis