Consumer Spending

Is the American Shopping Mall Dead?

Newsweek | Posted 11.20.2008 | Business


There's something growing in the New Jersey Meadowlands, the marsh just nine miles west of Manhattan--and it isn't the gentle ferns that the bucolic n...

Consumer Spending Crumbles In Lame Economy

AP | MARTIN CRUTSINGER | Posted 11.14.2008 | Business


WASHINGTON — The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policym...

Wall Street ends turbulent week sharply lower

AP | JOE BEL BRUNO and SARA LEPRO | Posted 11.14.2008 | Business


NEW YORK — Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plun...

The Consumer Spending Slowdown Is NOT Because Of Credit

Dave Johnson | Posted 11.12.2008 | Business


Dave Johnson

On The NewsHour today Alice Rivlin said that we need to free up the credit markets so people can buy cars. She said there are "credit-worthy" people ...

Holiday outlook turns grimmer after dismal October

AP | ANNE D'INNOCENZIO | Posted 11.06.2008 | Business


NEW YORK — Retailers suffered through the weakest October in at least 39 years, despite frenzied price cutting as they desperately try to pull i...

Wall Street shrugs off weak economic news

AP | CHRISTOPHER S. RUGABER | Posted 11.04.2008 | Business


WASHINGTON — After months rife with uncertainty and unprecedented events that have roiled and reshaped Wall Street, at least one major unknown s...

Stocks end quiet session mixed ahead of election

AP | TIM PARADIS | Posted 11.03.2008 | Business


NEW YORK — Wall Street ended the calmest session in recent memory with a narrowly mixed performance Monday as investors largely looked past a we...

Record Oil Company Profits: Redistributing Wealth From Consumers to Stockholders

Mark Cooper | Posted 11.02.2008 | Business


Mark Cooper

Relentless increases in gas prices have taken a huge bite out of consumer pocketbooks. Annual expenditures on gas and motor oil have increased by well over $1,300 in the past five years.

Evidence of a recession piles higher with new data

AP | MARTIN CRUTSINGER | Posted 10.31.2008 | Business


WASHINGTON — Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy...

Consumer cut in spending the most since 1980

AP | JEANNINE AVERSA | Posted 10.30.2008 | Business


WASHINGTON — Scared and out of money, Americans stopped buying everything from cars to corn flakes in the July-September quarter, ratcheting bac...

Consumer Confidence at Record Low

Wendy Wanderman | Posted 10.28.2008 | Business


Wendy Wanderman

It would seem very difficult for McCain to get elected if the country has absolutely no confidence in spending money because they fear that business conditions are worsening.

Why The Government Can't "Fix" the Crisis

Danny Schechter | Posted 10.25.2008 | Business


Danny Schechter

In what was for many an unbelievable chain of events, markets started melting down, confidence shattered and believers in unregulated transactions realized something was very, very wrong.

What My Old House Can Teach Us about the Economy

Irene Rubaum-Keller | Posted 10.22.2008 | Living


Irene Rubaum-Keller

I read somewhere lately that we wear 20% of our clothes 80% of the time. Maybe we only need that 20%.

The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 10.17.2008 | Business


Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

10 Ways to Go Green and Save Cash -- No Excuses

Maura Judkis | Posted 10.14.2008 | Green


Maura Judkis

Right now, consumers across the country are looking for ways to cut back. Luckily, some of the best ways to save money are also simple steps toward living a little greener.

The Gay Bailout

Joan Steinau Lester | Posted 10.09.2008 | Home


Joan Steinau Lester

Cash-strapped California, which legalized marriage equality in June, is already reaping a multimillion dollar windfall. Just let same-sex couples marry--your homegrown ones and those from other states--and you'll be floating in cash.

Are You a Bulimic Shopper?

Irene Rubaum-Keller | Posted 10.07.2008 | Style


Irene Rubaum-Keller

One of my clients recently labeled herself a bulimic shopper. She buys clothes, brings them home, and then returns them. She says it is exactly like a food binge.

Wall Street May Be Sick, But We're Dying

Kris DiGiovanni | Posted 09.30.2008 | Home


Kris DiGiovanni

I'm not an economist, so I'm having a hard time determining what is actually true, and what is just partisan propaganda. But what I don't hear in all this rhetoric is how either of these scenarios directly affects me -- the average American.

Tech Spending Slows, Dell Protfits And Shares Drop

AP | JESSICA MINTZ | Posted 09.01.2008 | Business


Slashing computer prices helped Dell Inc. boost sales in its fiscal second quarter, but the No. 2 PC maker's bottom line took a hit when efforts to cu...

Personal Income Plunges In July

AP | MARTIN CRUTSINGER | Posted 08.29.2008 | Business


WASHINGTON — Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic s...

Home Depot Customers Getting Stingier, Profits Sinking

AP | ASHLEY M. HEHER | Posted 08.19.2008 | Business


CHICAGO — The Home Depot Inc. said Tuesday that its second-quarter profit sank 24 percent and reiterated its downbeat outlook for the year amid ...

Higher Prices Outpace June Spending by Consumers

New York Times | CATHERINE RAMPELL | Posted 08.04.2008 | Business


Consumers spent more in June, but only because the things they bought cost more. Driven primarily by energy and food prices, inflation grew 0.8 perce...

Jobless rate rises to 4-year high of 5.7 percent

AP | JEANNINE AVERSA | Posted 08.01.2008 | Business


WASHINGTON — Stores, factories and other businesses large and small showed workers the door last month, sending unemployment to its highest rate...

Britney's Downfall as Metaphor

Morgan Warners | Posted 07.28.2008 | Living


Morgan Warners

How disgustingly coincidental is it that the good girl icon got blown sky high by sex, drugs, and anorexia at the same time that the economy has gone bust?

Tax Rebate Checks Do Little For Consumer Confidence

The Los Angeles Times | Richard Fausset, P.J. Huffstutter and Stephen Braun | Posted 07.28.2008 | Business


ATLANTA -- It is better than nothing. That has been the subdued mantra repeated by working Americans in recent weeks as they spend the Bush administr...