Consumer spending

A currency trader talks on the phone near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 26, 2020. Asian shares were mixed Thursday, after Wall Street took a pause from the optimism underlined in a record-setting climb earlier in the week. (AP Photo/Lee Jin-man)
November 26, 2020 - 11:04 am
TOKYO (AP) — Global stock markets were subdued on Thursday after significant gains in recent days and as U.S. trading remained closed for the Thanksgiving holiday. Investors have been in an upbeat mood this week, pushing the Dow above 30,000 for the first time, on news of the development of...
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A street sign is displayed at the New York Stock Exchange in New York, Monday, Nov. 23, 2020. Stocks are mostly lower as Wall Street heads into the Thanksgiving holiday. The S&P 500 index slipped 0.4% in the early going Wednesday, but it's still holding on to a gain of almost 11% for the month. (AP Photo/Seth Wenig)
November 25, 2020 - 8:02 pm
TOKYO (AP) — Asian shares were mixed Thursday, after Wall Street took a pause from the optimism underlined in a record-setting climb earlier in the week. A reality check appeared to be setting in amid the ongoing coronavirus pandemic, and a batch of discouraging data on the U.S. economy, including...
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November 17, 2020 - 2:06 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months ahead by discouraging consumers from spending. “We’re seeing states begin to impose some activity restrictions," Powell said in an online...
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A passer-by walks past a store closing sign, right, in the window of a department store, Tuesday, Oct. 27, 2020, in Boston. Americans may feel whiplashed by a report Thursday, Oct. 29, on the economy's growth this summer, when an explosive rebound followed an epic collapse. The government will likely estimate that the economy grew faster on an annualized basis last quarter than in any such period since record-keeping began in 1947.(AP Photo/Steven Senne)
October 30, 2020 - 9:16 am
WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pandemic resurging across the country and impeding the economy. The September gain...
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FILE - In this Oct. 6, 2020, file photo, a child lowers his mask to enjoy an ice cream as he climbs up a stretch of the Badaling Great Wall of China on the outskirts of Beijing. Some 637 million Chinese tourists took domestic trips during the eight-day Golden Week holiday, spending the equivalent of tens of billions of dollars at a time when China is seeking to boost consumer spending to stimulate the economy. (AP Photo/Ng Han Guan, File)
October 09, 2020 - 6:28 am
HONG KONG (AP) — Some 637 million residents of China traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when officials hope to get consumers to spend more and perk up the economy. More than 45% of China's 1.4 billion people...
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A woman walks past a personal finance loan office Thursday, Oct. 1, 2020, in Franklin, Tenn. U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession. The Federal Reserve said Wednesday, Oct. 7, that total borrowing fell by $7.2 billion after a gain of $14.7 billion in July. (AP Photo/Mark Humphrey)
October 07, 2020 - 4:41 pm
WASHINGTON (AP) — U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession. The Federal Reserve said Wednesday that total borrowing fell by $7.2 billion after a gain of $14.7...
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FILE - In this July 18, 2020 file photo a closed sign hangs in the window of a barber shop in Burbank, Calif. A critical snapshot of the job market and the economy to be released Friday, Oct. 2, is expected to show a further deceleration in hiring as the nation’s viral caseload creeps higher just as financial aid from the government has faded. (AP Photo/Marcio Jose Sanchez, File)
October 02, 2020 - 7:36 am
WASHINGTON (AP) — America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened. With September’s hiring gain, the economy has recovered only slightly...
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Passers-by walk past a hiring sign as they enter a Target retail store location, Wednesday, Sept. 30, 2020, in Westwood, Mass. The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. (AP Photo/Steven Senne)
October 01, 2020 - 11:20 am
WASHINGTON (AP) — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. The Labor Department's report, released Thursday, suggests that companies are still...
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A woman walks out of the Gold City of St. Nicholas jewelry store, in New York, Friday, Sept. 25, 2020. (AP Photo/Mark Lennihan)
October 01, 2020 - 7:52 am
WASHINGTON (AP) — U.S. consumer spending slowed in August while personal incomes fell, reflecting the expiration of the $600 weekly benefit for the unemployed. The Commerce Department reported Thursday that spending grew by just 1%, the weakest showing since spending actually fell 12.7% in April...
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Shoppers walk at the Village Pointe shopping mall in Omaha, Neb., Tuesday, June 16, 2020. American shoppers ramped up their spending on store purchases by a record 17.7% from April to May, delivering a dose of energy for retailers that have been reeling since the coronavirus shut down businesses, flattened the economy and paralyzed consumers during the previous two months. (AP Photo/Nati Harnik)
KNSS News
September 16, 2020 - 7:43 am
NEW YORK (AP) — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. Retail sales rose 0.6% last month, the fourth consecutive month of growth, the U.S. Commerce Department said...
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