All Posts Tagged With: "consumer spending"
U.S. Markets Dive on Deepening Recession Fears
Weak U.S. retail sales sent domestic markets plunging yesterday (Wednesday), as worries about a deepening recession intensified.
All three major U.S. indices ended the day with heavy losses. At the New York close, the blue-chip Dow Jones Industrial Average Index had…
16Oct2008 | Money Morning | 0 comments | ContinuedSlowdown in Consumer Spending Could Lead to Recession by Year-End
Consumer spending, responsible for the bulk of U.S. gross domestic product (GDP), slowed in July as the effects of the government’s stimulus package tapered off.
The Commerce Department announced that consumer spending grew at a 0.2% rate in July. But on…
1Sep2008 | Money Morning | 0 comments | ContinuedDiamonds in the Rough: Two Luxury Brands Ready to Shine
Luxury jeweler Tiffany & Co. (TIF) yesterday (Thursday) followed in the footsteps of other high-end brands when it announced strong fiscal second quarter results.
Tiffany’s net income increased to $80.8 million, or 63 cents per share, in the second quarter, up…
29Aug2008 | Money Morning | 0 comments | ContinuedInvest in Eggs During a Recession
Turning Eggs into Dollars
Somebody asked this question on TickerHound a few months ago (just as the market began to take a dive):
What are some good sectors to invest in during an economic downturn?
It’s a question I’ve thought a lot about,…
24Jul2008 | The Penny Sleuth | 0 comments | ContinuedConsumer Spending Threatened by High Prices and Lower Wages
Consumer spending, which accounts for more than 70% of the economy, will be seriously threatened in the months ahead, as prices continue to rise, wages plateau, and government stimulus checks wear thin.
Consumer spending has remained strong in recent months,…
22Jul2008 | Money Morning | 0 comments | ContinuedEconomy Enters Dangerous Waters as Job Losses Mount in June
Payrolls tumbled for the sixth consecutive month in June, bringing the total number of job losses in the first half of the year to 438,000.
Such a steep drop in employment could easily cause consumer spending to falter in the…
7Jul2008 | Money Morning | 0 comments | ContinuedConsumer Sentiment at Lowest Level Since Stagflation Era
Mirroring the stagflation of the early 1980s, consumer sentiment hit its lowest level since that time period this month as short-term inflation continues to ramp up.
The Reuters/University of Michigan preliminary index of consumer sentiment dropped to 59.5 in May from 62.6…
19May2008 | Money Morning | 0 comments | Continued
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