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1 hour ago · May 30, 2024, 10:29 a.m. ET. The U.S. economy has been an enigma over the past few years. The job market is booming, and consumers are still spending, which is usually a sign of optimism. But if ...
2 hours ago · The Dow has fallen more than 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up. The Dow opened lower by 367 points, or 0.9%, Thursday ...
1 hour ago · By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters. Spending on goods such as appliances and furniture fell at a 1.9% annual pace, the biggest such quarterly drop since 2021.
15 hours ago · (Reuters) -Department store chain Kohl's trimmed its annual sales and profit forecast on Thursday, as weaker consumer demand for its apparel and footwear outweighed benefits from higher discounts ...
