More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
Read More US weekly jobless claims unexpectedly rise
Tag: Consumer spending
Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’
The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.
Read More Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’
US third-quarter economic growth unrevised at 2.8%
The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending.
Read More US third-quarter economic growth unrevised at 2.8%
Macy’s Employee Allegedly Concealed $154M In Expenses
Macy’s was forced to delay reporting its third-quarter earnings after it was revealed that an employee hid up to $154 million in expenses related to delivering small packages.
Read More Macy’s Employee Allegedly Concealed $154M In Expenses
Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Retailers are in for a mixed holiday season this year, marked by watchful consumers keeping big spending on a tight leash and vigilantly comparing prices on their mobile phones.
Read More Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Motor vehicles, electronic goods lift US retail sales in October
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
Read More Motor vehicles, electronic goods lift US retail sales in October