US consumer spending fell sharp 0.5 percent in December

Business 03/01/19, 08:55

U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.The fall in consumer spending followed sizable gains ...

Apple opens new chapter as iPhone sales fall and stock sinks

Tech 01/29/19, 16:40

Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales drooped during the holiday shopping season.Now, CEO Tim Cook is grappling with his toughest ...

US retail sales rose scant 0.2% in November

Business 12/14/18, 08:34

U.S. retail sales increased a slight 0.2% in November, as strong sales tied to holiday shopping were offset by lower gasoline prices.FILE- In this Nov. 23, 2018, file photo shoppers walk through Dolphin Mall while shopping on Black Friday in ...

Retail group says holiday season off to a strong start

Business 11/27/18, 16:24

The holiday shopping season has gotten off to a "very strong" start, according to the largest U.S. retail trade group.The National Retail Federation said Tuesday that consumer spending has been strong, fueled by a better economy and stores' investments in ...

Stocks bounce back as tech, retail and banks jump

Business 11/26/18, 15:12

Global markets are rising Monday as big technology stocks recover some of their recent losses and retailers and travel companies climb on the first full trading day of the holiday shopping season. Banks are rising with interest rates.Indexes in Europe ...

Black Friday and Cyber Monday are increasingly merging

Business 11/24/18, 14:44

The physical rush of Black Friday and the armchair browsing of Cyber Monday are increasingly blending into one big holiday shopping event as more customers buy items online and pick them up at brick-and-mortar stores.Adobe Analytics reported Saturday that customers' ...

Oil price plunge sends ripples through global economy

World 11/21/18, 07:00

A sharp drop in the price of oil is sending ripples through the global economy, lending more spending power to consumers — particularly for Americans' big holiday shopping spree — but potentially dampening investment in U.S. oil production. While the fall ...

Sears suppliers haunted by ghost of Toys R Us

Business 10/25/18, 08:57

Since filing for Chapter 11 bankruptcy, Sears Holdings Corp. has been trying to convince suppliers to keep shipping it merchandise by touting the $300 million in financing it has secured so that its business can continue operating through the holidays.But ...

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