


7 Twitter post by Musk, in which he said he was considering converting Tesla to a private company. The subpoena, from the Securities and Exchange Commission, comes days after regulators began inquiring about an Aug. "Restaurants are a highly discretionary category, and continued strength suggests that households are not too worried about higher gas prices and that tax cuts are providing a cushion against higher expenses at the pump," Ellen Zentner, an economist at Morgan Stanley, said in a research note.įederal securities regulators have served Tesla with a subpoena, according to a person familiar with the investigation, increasing pressure on the electric car company as it deals with the fallout from several recent actions by its chief executive, Elon Musk. It also bolsters the notion that many Americans feel they have enough money to spend on non-necessities. That's a bigger increase than for online shopping, which rose 8.7 percent from a year ago. Spending at restaurants and bars has jumped nearly 10 percent from a year earlier. Americans boosted their spending at restaurants and bars at a 1.3 percent in July from June.

Sales last month rose at auto dealers and grocery stores and jumped at clothing shops. On average, Americans are saving more, which may encourage future spending. And economic growth, along with hiring, has accelerated. The unemployment rate is near an 18-year low. June's increase, though, was revised lower from a previous estimate of a 0.5 percent annual rate.Ĭonsumers appear to be feeling upbeat and are in overall solid financial shape. Retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent increase the previous month, the Commerce Department said Wednesday. Pless urged consumers to call EPB anytime at (423) 648-1372 if you have questions about suspicious or questionable communications which appear to come from EPB.Īmericans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth. "This is NOT a legitimate email from EPB, but a phishing attempt to possibly access your personal data or cause other harm," Pless said.ĮPB will not ask you via email to verify your account. The message claims server is holding incoming messages, and if you wish to continue using your email you should "verify" your account and click a link.ĮPB spokesman John Pless urged those who get the message not to click on the link.

EPB customers are reporting that they received a questionable email with the subject " Server Congestion".
