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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......»»
The Ratings Game: Twitter could exit the COVID-19 crisis stronger than before, Goldman Sachs says
Twitter Inc. may be facing a weaker advertising market as the COVID-19 outbreak crimps consumer spending, but the company may also be picking up a flood of new information-hungry users that it could keep around for the long haul......»»
Consumer spending rose a mild 0.2% in February ahead of pandemic
Consumer spending increased a mild 0.2% in February, the government said Friday. Spending, the main engine of the economy, has slowed a bit in 2020 ahead of the coronavirus. Spending is expected to dramatically weaken in the next few months as.....»»
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 .....»»
As recession fears mount, eyes turn to American consumers
Fully 70% of the American economy consists of consumer spending......»»
As recession fears mount, eyes turn to American consumers
Fully 70% of the American economy consists of consumer spending......»»
Rex Nutting: The coronavirus is taking aim at consumer spending, the heart of the American economy
With the coronavirus now spreading in communities around the country, it’s becoming more likely that the epidemic will slam consumer spending......»»
Rex Nutting: Why the Fed cut: The coronavirus is taking aim at consumer spending, the heart of the American economy
With the coronavirus now spreading in communities around the country, it’s becoming more likely that the epidemic will slam consumer spending......»»
Rex Nutting: The coronavirus is taking aim at the heart of the American economy: Consumer spending
With the coronavirus now spreading in communities around the country, it’s becoming more likely that the epidemic will slam consumer spending......»»
U.S. consumer confidence holds at higher levels despite coronavirus
U.S. consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the fast-spreading coronavirus, which have roiled financial markets......»»
U.S. consumer confidence nudges up in February
U.S. consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the impact of the fast spreading coronavirus, which have roiled financial markets......»»
Japanese economy sinks amid fears about virus impact
TOKYO (AP) — The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending. The seasonally adjusted economic data released Mon.....»»
Japan on brink of recession as economy contracts, virus heightens risk
Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity......»»
Japan"s recession risks grow as economy skids in fourth-quarter, virus clouds outlook
Japan's economy shrank at the fastest pace in almost six years in the December quarter as last year's sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks......»»
US trade deficit narrows for first time in 6 years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment......»»
U.S. trade deficit narrows in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment......»»
U.S. trade deficit shrinks in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment......»»
U.S. trade deficit falls in 2019 for the first time in six years
The U.S. trade deficit dropped for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, helping the economy to continue growing moderately in the fourth quarter despite a slowdown in consumer spending......»»
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year......»»
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
Steven Saphore/Reuters Consumer spending is clo.....»»