Consumer spending

This Sunday, Aug. 11, 2019, photo shows credit cards in New Orleans. On Thursday, Nov. 7, the Federal Reserve releases its August report on consumer borrowing for September. (AP Photo/Jenny Kane)
1010 WINS Newsroom
November 07, 2019 - 5:08 pm
WASHINGTON (AP) — Consumer borrowing rose in September at a modest pace, driven by more student and auto loans, though a category that mostly includes credit cards fell for the second straight month. The Federal Reserve said Thursday that overall consumer borrowing increased 2.8% to $4.15 trillion...
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FILE - In this Oct. 7, 2019, file photo traders Ashley Lara and John Santiago confer as they work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 16. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
October 16, 2019 - 4:57 pm
A day of mostly listless trading on Wall Street ended Wednesday with modest losses as the stock market gave back some of its gains from the day before. Technology stocks accounted for most of the selling, which lost some of its momentum toward the end of the day. Energy companies also fell...
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In this Sept. 23, 2019, photo shoppers examine refrigerators at a Home Depot store location, in Boston. On Wednesday, Oct. 16, the Commerce Department releases U.S. retail sales data for September. (AP Photo/Steven Senne)
1010 WINS Newsroom
October 16, 2019 - 9:56 am
WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department...
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In this Sept. 17, 2019, photo job seekers line up to speak to recruiters during an Amazon job fair in Dallas. On Friday, Oct. 4, the U.S. government issues the September jobs report. (AP Photo/LM Otero)
1010 WINS Newsroom
October 04, 2019 - 3:11 pm
WASHINGTON (AP) — The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared to turn more cautious and slowed their hiring. The economy added a modest 136,000 jobs, enough to likely ease worries that an economy weakened by the U.S.-...
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In this Monday, Sept. 23, 2019 photo shoppers examine refrigerators at a Home Depot store location, in Boston. On Friday, Sept. 27, the Commerce Department issues its August report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Steven Senne)
1010 WINS Newsroom
September 27, 2019 - 12:58 pm
WASHINGTON (AP) — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace. Personal income increased 0.4%, up from a small gain in the previous month, the Commerce Department said Friday. A measure of inflation...
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FILE - In this Sept. 6, 2019, file photo passengers board a ferry that departs from Port Everglades in Fort Lauderdale, Fla. On Thursday, Sept. 26, the Commerce Department issues the third and final estimate of how the U.S. economy performed in the April-June quarter. (AP Photo/Brynn Anderson, File)
1010 WINS Newsroom
September 26, 2019 - 9:05 am
WASHINGTON (AP) — The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll. The...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
September 18, 2019 - 2:58 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:50 p.m. Federal Reserve Chair Jerome Powell acknowledges that officials at the U.S. central bank are fractured about next steps on interest rates. Forecasts from the Fed show uncertainty about the...
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A commuter walks past a huge sign of the new pump prices of gasoline and diesel following its implementation Tuesday, Sept. 17, 2019, in suburban Valenzuela city north of Manila, Philippines. Monday saw another round of oil price increase in the country which energy officials said is not related to the recent attacks in Saudi Arabia but has cautioned the public to brace for more spikes in the coming days. (AP Photo/Bullit Marquez)
1010 WINS Newsroom
September 17, 2019 - 2:36 pm
DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years...
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FILE - In this Aug. 25, 2019, file photo, a long line of unsold Clubman sports-utility vehicles sit at a Mini dealership in Highlands Ranch, Colo. On Friday, Sept. 13, the Commerce Department releases U.S. retail sales data for August. (AP Photo/David Zalubowski, File)
1010 WINS Newsroom
September 13, 2019 - 2:10 pm
WASHINGTON (AP) — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that consumers are still spending enough to support growth. The Commerce Department said Friday that retail sales increased 0.4% last month, down from a strong 0...
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With cloudy skies in Washington, President Donald Trump speaks to the media as he returns to the White House from Camp David, Sunday, Sept. 1, 2019, in Washington. (AP Photo/Jacquelyn Martin)
1010 WINS Newsroom
September 01, 2019 - 11:35 pm
WASHINGTON (AP) — The United States and China on Sunday put in place their latest tariff increases on each other's goods, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer items before the holiday shopping season. President Donald Trump said U.S.-...
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