Trending
Trending
consumer spending
Last week’s total dropped from 812,000 the previous week, the Labor Department said Thursday, and is the lowest in two months.
At the same time, the unemployment rate stayed at 6.7%, the first time it hasn't fallen since April.
Retail sales jumped 17.7% last month, the largest increase in decades, and shows signs of improving after hitting bottom amid the pandemic.
From restaurants to hair salons, some businesses are battling the cost of operating during the pandemic with extra fees. But is it legal?
WHAT'S HAPPENING
WHAT'S HAPPENING
Business shutdowns caused by the coronavirus kept shoppers away.
Measures taken to slow the spread of coronavirus are already causing business closures and layoffs and will likely also bring a “collapse” in spending.
That free shipping might not really be free.
The Fed has been cutting short-term interest rates in a bid to shore up the economy amid the costly impact from the U.S.-China trade war.
The 2019 Nielsen report on Black consumerism shows that companies spent less on advertising to the African American community in 2018 than in 2017.
An economic downturn would be a devastating blow to Trump, who made the economy his central argument for a second term.
