US Consumer Spending Slows to 0.3% Gain in April
US consumer spending slows to 0.3% gain in April after March surge while inflation edges up slightly.
US consumer spending slows to 0.3% gain in April after March surge while inflation edges up slightly.
Factory shutdowns designed to cope with disruption from a 29 March Brexit, slashed UK car production in April by almost a half.
US long-term mortgage rates fell this week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half.
FedEx plans to make deliveries 7 days a week year-round starting in January because online shoppers want their stuff now, even on Sundays.
Casino giant MGM Resorts International says it’s completing planned layoffs with 779 job cuts, mostly in Las Vegas.
Pending home sales down 2% annually, a sign that years of rising prices have hurt affordability despite recent declines in mortgage rates.
Another round of selling gripped Wall Street on Wednesday as nervous investors fled health care, technology and other high-risk stocks in favor of the safety of bonds.
The competition watchdog is investigating whether the £1.3bn takeover of Provident Financial would lessen competition for consumers.
Decision in line with what economists were expecting
Indigo Books & Music Inc. widely missed expectations as it swung to a nearly $40-million net loss for its 2019 financial year, partly due to the Canada Post strike and less consumer spending in the final quarter.