Retail sales jump, but weak results at 2 big stores show spending isn’t back in forceWASHINGTON — Retail sales jumped in August by the largest amount in more than three years, but economists warn that as long as credit stays tight and jobs remain scarce, Americans probably aren’t ready to spend in force again. Retail sales rise more than expected in August; sales excluding autos up 1.1 percentWASHINGTON — Retail sales jumped in August by the largest amount in more than three years, spurred by widespread gains beyond the expected increases of auto sales from the government’s Cash for Clunkers program. ‘Clunkers’ likely boosted Aug. retail sales, but consumers cautious despite steady pricesWASHINGTON — Consumers bought hundreds of thousands of cars in August due mainly to the government’s popular Cash for Clunkers program, but economists expect Americans didn’t boost their spending on much else. Major indexes trade mixed, trimming early losses from unease about US-China trade disputeNEW YORK — Investors funneled money into industrials and pulled it from financial and technology stocks as they looked for signals on the economy. Major indexes fall in early dealings amid concerns about US-China trade disputeNEW YORK — Stocks fell in morning trading Monday amid concerns about a growing trade dispute between the U.S. and China. Stock futures point toward lower opening amid concerns about US-China trade disputeNEW YORK — Stock futures are pointing to a lower opening Monday amid concerns about a growing trade dispute between the U.S. and China. Wall Street looking to the consumer to lift retail sales, drive economic growthCHARLOTTE, N.C. — Wall Street wants consumers to do their part to heal the economy. Traders know it’s going to take some time. Japan’s 2Q growth weaker than first estimated but shows recovery after yearlong contractionTOKYO — Japan’s growth in the second quarter was weaker than initially thought, but government figures still show that the world’s second largest economy has managed to climb out of a recession. Fed findings indicate recession may be over; Fed says most of US stabilizing or improvingWASHINGTON — Economic activity is stabilizing or improving in the vast majority of the country, according to a government survey released Wednesday. The findings indicate that the worst recession since the 1930s may be over. Stocks pull off highs as the Fed sees improving business conditions but warns problems remainNEW YORK — Stocks pulled well off their highs of the day Wednesday after the Federal Reserve said the nation’s economy was stabilizing but also that problems remain. Gains in industrial, financial stocks pull market to 4th straight advance; Dow adds 50 pointsNEW YORK — Stocks are ending higher as the Federal Reserve says the nation’s economy is stabilizing even as some problems remain. Worst recession since 1930s appears to be over; Fed finds most of US stabilizing or improvingWASHINGTON — Economic activity is stabilizing or improving in the vast majority of the country, according to a government survey released Wednesday. The findings indicate that the worst recession since the 1930s may be over. Analyst upgrades MasterCard on improving economy, says consumer spending unlikely to get worseNEW YORK — A Citi Investment Research analyst upgraded MasterCard Inc. Wednesday, writing in a note to investors that a negative adjustment in consumer spending is largely over. Federal Reserve survey shows worst recession since 1930s may be overWASHINGTON — The recession is ending and the economy is finally growing again. That’s the message implicit in the Federal Reserve’s latest survey of businesses around the country, which found economic activity stabilizing or improving in most regions. Gains in industrial and financial stocks pull market to 4th straight advance; Dow adds 50NEW YORK — The stock market extended its gains to a fourth day as the Federal Reserve said the economy was stabilizing. Even if shoppers’ willingness to spend returns, ability likely to be constrained for yearsCHICAGO — A year after “shop ’til you drop” stopped, the nation fixates on this question: Will consumer spending ever return to pre-recession levels? Few catalysts ahead means market is unlikely to continue six-month charge into fallNEW YORK — The stock market has lost some of its swagger, and it seems unlikely to regain it anytime soon. Stock futures hold on to most of their early gains after latest report on jobs marketNEW YORK — The latest reading on the labor market is giving investors some hope that the economy is healing. European stocks higher as central bank leaves rates unchanged; Asia mixedLONDON — European stocks rose Thursday ahead of expected gains on Wall Street after the European Central Bank left interest rates unchanged and was widely expected to revise up its economic outlook. Most Asian markets advance as Shanghai index jumps nearly 5 pct; Europe opens flatHONG KONG — Most Asian markets climbed Thursday as Chinese stocks jumped nearly 5 percent and helped offset worries that rising U.S. job losses will derail the global economic recovery. European shares opened little changed. Most Asian stock markets rise amid wariness over US job losses; Shanghai up 3.2 percentHONG KONG — Asia stock markets were mostly higher Thursday but fears that rising job losses in the U.S. could derail the economic recovery kept investors on edge. Productivity jumps in spring on cost cuts, but stronger consumer demand needed for recoveryWASHINGTON — Companies managed to boost their workers’ productivity and their own profits in the spring mainly by slashing costs and capping their employees’ pay. Productivity rises at fastest pace in nearly 6 years, while labor costs plunge in springWASHINGTON — Worker productivity, the single biggest factor determining living standards, grew at the fastest pace in nearly six years in the spring while labor costs fell by the most in nine years, as companies slashed costs to survive the recession. Data due out Thursday expected to show rise in July durable goods orders, productivityNEW YORK — New signs of economic recovery keep emerging, but with the American consumer still hamstrung by flat wages and job losses, it’s unclear those signs will last. Hopeful signs in manufacturing, housing, auto sales tempered by consumers wary of spendingNEW YORK — New signs of economic recovery emerged Tuesday only to be overshadowed by new worries that they won’t last. European shares drop, Wall Street seen sliding on open on worries stocks are overvaluedLONDON — European markets dropped Tuesday and Wall Street futures pointed lower as investors worried stocks are overvalued and that an economic recovery will be only gradual. Flat household incomes raise doubts about recovery as consumers deal with weak job prospectsWASHINGTON — Household income in the United States is essentially stagnant, raising doubts about whether consumers already hurt by job losses can sustain an economic recovery. Consumer spending edges up in July with help from Cash for Clunkers, but incomes are flatWASHINGTON — Consumer spending edged up in July with help from the popular Cash for Clunkers program, but household incomes, the fuel for future spending increases, were flat. Consumer spending, income data may be latest hints that long recession losing its gripWASHINGTON — Evidence is mounting that the longest recession since World War II is losing its grip on the U.S. economy. Economy’s small drop in 2Q hints recession ending, but strength of recovery remains a concernWASHINGTON — Further evidence the recession is ending came in a report Thursday confirming that the economy shrank at an annual rate of just 1 percent in the spring. |
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