- US consumer spending inches up in March Updated: Apr-29-16 10:34 am
WASHINGTON - U.S. consumers boosted their spending by a tiny amount in March as purchases of nondurable goods such as clothing offset a big fall in spending on autos and other long-lasting items.
- US economy struggles at start of election year Updated: Apr-28-16 3:36 pm
WASHINGTON - It was not a great start for the U.S. economy.
- Japan central bank holds fire on fresh monetary stimulus Updated: Apr-28-16 3:59 am
TOKYO - Japan's central bank stunned financial markets Thursday with a decision not to splash out still more monetary stimulus for the ailing economy - apart from zero-interest loans for an earthquake zone.
- While leaving US rates unchanged, Fed keeps an eye overseas Updated: Apr-28-16 1:03 am
WASHINGTON - When the Federal Reserve chose not to raise its key interest rate, it nevertheless made clear that its next move will be another increase. That stance puts it at odds with other major central banks, which are doing the reverse - seeking to ease credit to spur lending.
- US retail sales fall in March as Americans buy fewer cars Updated: Apr-13-16 10:52 am
WASHINGTON - U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely.
- US consumer borrowing rises at weak pace again Updated: Apr-07-16 3:10 pm
WASHINGTON - U.S. consumers borrowed at a modest pace in February for the second month in a row, evidence of ongoing caution that has kept a lid on spending this year.
- Stalled consumer spending in 2016 gives retailers more pain Updated: Apr-06-16 12:20 pm
NEW YORK - Shoppers at Randal Weeks' home decor have started being more tentative about buying the pillows, furniture and framed prints they admire in the store. They even shy away from small, inexpensive items like candles.
- Job-seekers return at fastest pace since before recession Updated: Apr-01-16 10:08 pm
WASHINGTON - Americans are flooding back into the job market at the fastest pace since before the Great Recession, encouraged by steady hiring and some signs of higher pay.