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Consumer sentiment rises more than expected

Consumer sentiment rises more than expected

Consumer sentiment rose more than expected in August, an indication that Americans' pessimism about the economy may be lifting.

 

GM, eBay to Test Online Car Sales

GM, eBay to Test Online Car Sales

GM and eBay will launch a pilot program Tuesday that will allow consumers to place online bids for new vehicles from GM dealers in California.

 

July Remained Sluggish for Retailers

July Remained Sluggish for Retailers

Mall-based chains continue to be hit hardest as consumers focus on necessities, but the warehouse club operator Costco’s results also missed analyst estimates.

 

U.S. consumer spending, pending home sales up

U.S. consumers spent more in June and pending sales of previously owned homes also rose, data issued on Tuesday showed, but the biggest drop in incomes in four-and-a-half years pointed to a slow recovery from the worst recession in decades.

 

'Clunkers' Rebates at Risk Unless Senate Acts

'Clunkers' Rebates at Risk Unless Senate Acts

The "cash for clunkers" program could be ended as early as Tuesday unless the Senate approves $2 billion in additional funding, as consumers have jumped at the chance to trade in their aging gas guzzlers.

 

$23,148,855,308,184,500 for pack of smokes

$23,148,855,308,184,500 for pack of smokes

A New Hampshire man says he swiped his debit card at a gas station to buy a pack of cigarettes and was charged over 23 quadrillion dollars.

 

June Is Another Weak Month for U.S. Retail Sales

Rain and rising unemployment dampened sales for retailers already reeling from consumers’ new frugality.

 

Credit card delinquencies at record high

Credit card delinquencies at record high

Soaring unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter.

 

US consumers cut back on spending

US consumer spending falls for the second month in a row in April, despite an increase in personal income levels.

 

Retail sales drop unexpectedly in April

Retail sales drop unexpectedly in April

Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession.

 

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