- US consumer borrowing accelerated in December Updated: Feb-05-16 3:24 pm
WASHINGTON - U.S. consumers in December increased their borrowing at the fastest pace in three months. The result suggests that consumer spending should remain strong in the coming months.
- US consumer spending flat, savings rate at 3-year high Updated: Feb-01-16 9:21 am
WASHINGTON - U.S. consumers kept their spending flat in December and instead boosted their savings rate to the highest level in three years.
- US economy likely slowed sharply in October-December quarter Updated: Jan-29-16 3:18 am
WASHINGTON - The U.S. economy likely slowed significantly in the final three months of 2015 - and the picture seems to have grown gloomier in the first few weeks of 2016.
- South Korea's 4Q growth slows as construction spending drops Updated: Jan-25-16 10:17 pm
SEOUL, South Korea - South Korea's economic growth slowed in the final quarter of 2015 as a drop in construction investment outweighed an improvement in consumer spending, the country's central bank said Tuesday.
- Falling oil prices could lead consumers to spend more later Updated: Jan-21-16 3:07 pm
WASHINGTON - Sinking oil prices have cratered the stock market. But a silver lining could appear eventually.
- Spending in East Baton Rouge Parish rises in November Updated: Jan-20-16 7:05 am
BATON ROUGE, Louisiana - Consumer and business spending in East Baton Rouge Parish rose by 3.9 percent in November. It's the sixth month in a row where economic activity was higher than the year before.
- Tiffany's holiday sales fall, weak conditions remain Updated: Jan-19-16 1:29 pm
NEW YORK - Tiffany reported a worldwide decline in jewelry sales during the holiday period as consumer spending remained tepid in an uncertain global economy.
- Correction: November US consumer credit story Updated: Jan-11-16 4:15 pm
WASHINGTON - In a story Jan. 8 about the Federal Reserve's November consumer credit report, The Associated Press reported erroneously in the final paragraph that consumer credit rose $15.6 trillion in October and $14 trillion in November. It rose $15.6 billion in October and $14 billion in November.