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Market Snapshot: Dow struggles as stock market attempts rebound following stimulus-inspired jump in consumer spending
Stocks on Friday try to find a bullish footing upward following a selloff triggered by a rise in Treasury yields that has left the tech-heavy Nasdaq Composite on track for its worst weekly skid since October......»»
Home Depot"s Q4 sales jumped 25% to $32.3 billion, beating analyst estimates, but it said future consumer spending remained uncertain
Home Depot posted $132.1 billion in total sales for the 2020 fiscal year - a jump of 19.9% year-over-year. Nicholas Kamm/AFP via Getty Images Home Depot on Tuesday posted a 25.1% spike in f.....»»
By the numbers: A snapshot of Chicago’s economy six months into the pandemic
Since the start of the coronavirus pandemic, hundreds of thousands of Chicago-area jobs were lost, consumer spending dropped 43%.....»»
Procter & Gamble sales surge fuels jump in profit
Cincinnati-based consumer goods giant Procter & Gamble saw a surge in sales amid the continuing coronavirus pandemic, which led to nearly $4 billion in profit in its most recent quarter. Consumer spending fueled by Covid-19 saw P&G (NYSE: PG) re.....»»
Coronavirus crisis leads to largest U.S. consumer price decline since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis......»»
U.S. consumer prices post largest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis......»»
Consumer prices plunge with demand for gas, services
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
U.S. consumer prices post largest drop since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
U.S. consumer prices post biggest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
JetBlue posts quarterly loss, scales back Airbus orders
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34% through 2022 to save $1.1 billion in aircraft spending......»»
The coronavirus hit to L.A. tourism: 22 million visitors and $13 billion in spending
Tourism officials estimate 75% of Los Angeles travel-related workers have been furloughed. Tourism officials estimate 75% of Los Angeles travel-related workers have been furloughed......»»
JetBlue reports loss, revises Airbus orders to save $1 billion through 2022
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022......»»
Personal incomes fall sharply in March along with consumer spending
WASHINGTON (MarketWatch) - Personal income fell sharply in March as workers received less compensation, the government said Thursday. Personal incomes dropped 2% in March, while disposable income also fell 2%. Consumer spending slumped 7.5% last mon.....»»
Airbnb has reportedly dropped its internal valuation to $26 billion as the coronavirus halts travel worldwide
Reuters Airbnb has lowered its internal valuation to $26 billion, the Financial Times reported Thursday. That'.....»»
U.S. consumer sentiment near three-and-a-half year low, spending sluggish
U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, strengthening economists' expectations of a deep recession......»»
U.S. consumer sentiment near three-and-a-half-year low, spending tepid
U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, strengthening economists' expectations of a deep recession......»»
Fourth-quarter GDP growth expanded at 2.1% rate, unrevised from earlier estimate
The pace of growth in the economy was left at 2.1% in the fourth quarter in the final estimate from the Commerce Department released on Thursday. Using more complete source data, the government found that consumer spending was higher than previously .....»»
U.S. economy expected to lose 4.6 million travel-related jobs this year from coronavirus fallout
Total spending on travel in the U.S. is expected to drop by $355 billion for the year, or 31 percent — more than six times the impact of the Sept. 11, 2001, terrorist attacks......»»
Boeing"s revolutionary 787 Dreamliner has changed air travel forever. Here"s how the company left competitors in the dust with a risky $8 billion bet.
Robert Sorbo/Reuters The Boeing 787 Dreamliner was the first next-generation pla.....»»
Public Storage only bidder left for National Storage with $1.25 billion bid
U.S.-based Public Storage emerged on Friday as the likely buyer of Australia's largest self-storage operator National Storage REIT with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race......»»