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U.S. second-quarter GDP growth raised to 4.2 percent; consumer spending cut
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration's goal of 3 percent annual growth......»»
UK economy"s summer surge turns out stronger than expected
The British economy's summer surge turned out to be stronger than expected as warm weather spurred consumer spending and housebuilding, according to new official data. But as Thuy Ong reports, Brexit uncertainties remain a huge risk......»»
US economy grew at brisk 3.5 pct. annual rate in Q3, as stronger business investment offset weaker consumer spending
US economy grew at brisk 3.5 pct......»»
Atlanta Fed Lifts GDP Outlook to 3% on Consumer Spending
$DIA, $SPY, $QQQ, $RUTX, $VXX The US economy is expanding at a 3.0% annualized rate in Q-4 based on steady retail sales growth and stronger-than-forecast industrial output in November, the Atlanta Federal R.....»»
High fuel prices and shortages hit trucking industry, as nation critically needs gasoline and goods transported
The recent cyberattack on Colonial Pipeline combined with a pandemic-recovering economy have hit the trucking industry, which plays a crucial role in consumer spending......»»
April"s terrible jobs report shows the 2019 economy is not coming back and that"s a problem
Only 266,000 jobs were added last month but the US needs much more. It shows consumer spending and the work force won't align in the reshaped economy. The US is reopening to a reshaped economy where consumer spending is recovering faste.....»»
April"s dismal jobs report shows the 2019 economy is not coming back and that"s a problem
Only 266,000 jobs were added last month but the US needs much more. It shows consumer spending and the work force won't align in the reshaped economy. The US is reopening to a reshaped economy where consumer spending is recovering faste.....»»
Economic Report: Consumer spending soars in March after Americans get $1,400 stimulus checks
Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic......»»
The labor market is the strongest it"s been since the pandemic started - and setting up a huge boost to America"s most crucial economic engine
Despite pockets of labor shortages, supercharged hiring and spending are in evidence. That's good, since consumer spending is 70% of the US economy. Michael M. Santiago/Getty Images Tu.....»»
Wells Fargo execs bullish on economy, as bank continues to navigate expenses
Executives at Wells Fargo & Co. are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»
Wells Fargo execs bullish on economy, bank continues to navigate expenses
Executives at Wells Fargo are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»
Powell says U.S. economy "looks to be strengthening"
The U.S. economy has recovered more quickly than generally expected "and looks to be strengthening," said Federal Reserve Chairman Jerome Powell in remarks released on Monday. Consumer spending, housing, business investment and manufacturing pr.....»»
Economic Report: Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
Americans increased spending in January for the first time in three months after the government sent $600 stimulus checks to families and boosted unemployment benefits as part of effort to shore up the economy......»»
Economists are scared to tell you the good news about the US economy
Stronger consumer growth, more stimulus, COVID vaccines - the.....»»
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%.....»»
December"s $600 stimulus boosted spending by 30% - and Biden"s new plan calls for checks twice as large
Americans who got $600 stimulus checks spent 30% more than those who didn't, per BofA Research. The economy might be even stronger with Biden's plan. Joe Biden plans to implement a $1.9 trillion stimulus packag.....»»
NewsWatch: Retail sales crater a record 16.4% in April amid coronavirus lockdowns and spending slump
Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»
NewsWatch: Retail sales crater record 16% in April amid coronavirus lockdowns and spending slump
Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»
Economic Report: Retail sales crater a record 16.4% in April amid coronavirus lockdowns and spending slump
Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»
China tries reviving economy after coronavirus lockdown but consumer engine sputters
China is cautiously trying to get back to business, but it's not easy when many millions of workers are wary of spending much or even going out......»»