Consumer spending

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 - 7:28 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 - 5:41 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 - 8:36 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 - 12:20 pm
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 - 8:52 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)
September 16, 2020 - 8:43 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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FILE - In this July 18, 2012, file photo, credit logos are displayed on a downtown storefront as a pedestrian passes in Atlanta. U.S. consumer borrowing rose by a solid 3.6% in July, the second monthly gain after the coronavirus pandemic had sent consumer borrowing down sharply in the previous three months, the Federal Reserve reported Tuesday, Sept. 8, 2020. (AP Photo/Ashley Hopkinson, File)
September 08, 2020 - 4:16 pm
WASHINGTON (AP) — U.S. consumer borrowing rose by a solid 3.6% in July, the second monthly gain after the coronavrius pandemic had sent borrowing down sharply in the previous three months. The Federal Reserve reported Tuesday that the 3.6% increase in July, which represented a $12.2 billion advance...
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August 31, 2020 - 6:06 am
ROME (AP) — The Italian economy shrank by more than previously thought during the second quarter as a result of lockdown restrictions imposed to curb the coronavirus pandemic, official figures showed Monday. The national statistics bureau ISTAT said the economy contracted by quarterly rate of 12.8...
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FILE - In this July 21, 2020 file photo, people walk by the New York Stock Exchange. Stocks keep ticking higher on Wall Street, and more gains for the S&P 500 Friday morning, Aug. 28 have it on pace to close out its fifth straight winning week. (AP Photo/Mark Lennihan, File)
August 28, 2020 - 1:30 pm
NEW YORK (AP) — Stocks keep ticking higher on Wall Street, and more gains for the S&P 500 on Friday have it on pace to close out its fifth straight winning week. The benchmark index was up 0.3% in afternoon trading, adding to its record. It’s up 2.9% for the week and on track for its longest...
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FILE - In this Aug. 11, 2020 file photo, shoppers walk through the Valley Mall in Halfway, Md. U.S. consumer confidence fell for second straight month in August as a resurgence of virus cases in many parts of the country heightened pessimism about the economy. (Colleen McGrath/The Herald-Mail via AP, File)
August 28, 2020 - 10:32 am
WASHINGTON (AP) — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless. The July gain marked the third straight monthly increase in...
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