US consumer spending posts first drop in almost two years
U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record ...
TikTok account impersonating Indonesian bank promotes 'scam' loan offer
As economic uncertainty was forecast to dampen the usual surge in consumer spending seen in Muslim-majority Indonesia during the holy month of Ramadan, a TikTok account masquerading as an official ...
Amazon S3 on MSN10d
Wealthy Americans Drive U.S. Economy as Top 10% Account for Nearly Half of Consumer Spending
Wealthy Americans drive economic growth as the top 10% of earners now account for nearly half of all consumer spending. The ...
US Consumer Spending Falls in January; Monthly Inflation Rises
January's weak consumer spending likely reflected the fading lift from front-running as well as a drag from unseasonably cold ...
US consumer spending declines; annual inflation subsides
U.S. consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial ...
The New York Times3d
Airlines Cut Forecasts, Raising an Early Alarm About Consumer Spending
Spending by the government and related businesses accounts for about 4 percent of United’s revenue, Andrew Nocella, the airline’s chief commercial officer, said at the conference. In the short ...
America's wealthiest households driving nearly half of consumer spending: Moody's
The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending, according to a new analysis by Moody's Analytics.
Reuters14d
US consumer spending posts first drop in almost two years
We may be entering a deer in the headlights moment for the Fed." Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month, the Commerce ...
Australia’s economy has turned the corner, and consumer spending was a big help
Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household ...
The Washington Post on MSN9d
Trump official floats new approach on GDP, as economy is poised to slow sharply
Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry ...
Surprising Trends in American Spending Habits You Need to Know
Consumer Spending in Specific Categories . Below are the major spending categories the BLS aggregates and tracks statistics on. Note that as of September 2024, the most recent ann ...