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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: consumer spending

consumer spending stories: 97 news summaries

41 - 60 of 97 Stories | << Prev 1 2 3 4 5 Next >>

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MARKEts


 Market Opens Down 
 on Grim Spending Data 

Dow down triple digits, the good times are over

Nov 26, 08 8:58 AM CST
(Newser) - Wall Street’s three-day revival screeched to a halt this morning, as the Dow opened down 136 points following a grim consumer spending report. Personal consumption fell 1% in October, the fastest consumers have slammed the brakes on spending in 7 years, the Wall Street Journal reports. Orders for... More »

MORE ABOUT:
stock market • durable goods • consumer spending

OPINION

 Thrift Helped 
 Get Us Into 
 This Mess 

"Wealth effect" is playing out in reverse

Nov 25, 08 10:09 AM CST
(Newser) - Three factors are playing into the financial crisis, and it's time to recognize the culprit that accompanies the burst housing bubble and banking meltdown, Robert J. Samuelson writes in the Washington Post. The wealth effect—"the tendency of people to adjust their spending as their wealth changes"—... More »

MORE ABOUT:
Wall Street • consumer spending • housing bubble • economy • investment banks • financial crisis • wealth effect

 Cash Makes a Comeback 

But cash isn't king for retailers, who'll likely see bigger drop in sales

Nov 24, 08 2:15 AM CST
(Newser) - Americans are reverting to cash for purchases in increasing numbers, according to top retailers Wal-Mart, Target and JC Penney. The shift away from credit is expected to further reduce spending by consumers—who will be limited to cash-on-hand purchases—not just during the holiday season, but during what could be... More »

MORE ABOUT:
consumer spending • credit card • Target • Wal-Mart • Great Depression • budgets • cash • consumers • J.C. Penney • CreditRatings.com

ANALYSIS

 Consumers 
 Not Buying... 
 Um, Anything 

Worried Americans scaling back spending, saving more—bad news for retailers

Nov 12, 08 10:16 AM CST
(Newser) - The US consumer has “gone from being the world economy’s greatest strength to its Achilles’ heel,” writes David Leonhardt in the New York Times. Just as Wall Street’s turmoil begins to calm, consumer spending—an economic mainstay—has gone into hiding, helping to accelerate General Motors’... More »

MORE ABOUT:
General Motors • consumer spending • savings • Circuit City • financial crisis

 Struggling AmEx Asks 
 Feds for $3.5B Infusion 

Credit card company is reeling as consumers cut back spending

Nov 12, 08 7:10 AM CST
(Newser) - Falling consumer spending and rising defaults have prompted American Express—which has seen its stock plunge 57% this year—to ask for $3.5 billion from the government’s $700 billion bailout fund, reports the Wall Street Journal. The company Monday received Federal Reserve approval to become a bank... More »

MORE ABOUT:
American Express • consumer spending • Capital One • financial crisis • Wall Street bailout

 For Wealthy, 
 It's Cool to Be Cheap 

Twin concerns drive new consumer psyche

Nov 4, 08 10:43 AM CST
(Newser) - Affluent Americans are folding up the Gucci sunglasses and trying green living's thriftier practices on for size, a response to environmental and economic concerns that's sure to dampen spending for the duration of the recession, the Wall Street Journal reports. "People aren't shopping to feel better," said one... More »

MORE ABOUT:
consumer spending • luxury goods • credit crisis • consumer psychology • green revolution • financial crisis

MARKETS

 Dow Rally Ends Dreadful Month 


Oct 31, 08 3:39 PM CDT
(Newser) - Stocks rallied today despite a slew of poor economic reports as investors instead focused on falling rates in the credit markets, MarketWatch reports. Though the Dow was up 11.3% for the week, October ended as the worst month since 1987. The Dow rose 144.32 to close at 9,... More »

MORE ABOUT:
Dow Jones • consumer confidence • Nasdaq • consumer spending • credit market • S&P 500 • Libor

'Consumers Have Thrown In the Towel': Report

Weary from a long fight, consumers are retrenching, cutting purchases across the board

Oct 31, 08 9:24 AM CDT
(Newser) - The punches are coming from all directions and consumers, beaten down and out of breath, are clearly ceding the fight through decreased spending, Bloomberg reports. The scorecard released today says it all: consumer purchases were down 0.3% in September, the biggest drop in 4 years, capping the weakest quarter... More »

MORE ABOUT:
core inflation • unemployment • consumer spending • subprime crisis • fuel costs • financial crisis

MARKET opener

 Spooked Stocks Dip Slightly   

Scary Halloween ahead for Wall Street?

Oct 31, 08 8:51 AM CDT
(Newser) - Stocks took a small slide this morning, as spooked investors bid farewell to one of the worst months in market history. The Dow fell 21 points, while the S&P and Nasdaq were off 0.3% and 0.9% respectively, the Wall Street Journal reports. Among the scary news... More »

MORE ABOUT:
stock market • Dow Jones • consumer spending • Nikkei 225 Stock Average • Electronic Arts

 Spending Dive Sends 
 GDP Down 

Economists fear prolonged recession inevitable as numbers erode

Oct 30, 08 8:28 AM CDT
(Newser) - The US economy shrank less than expected in the third quarter but still suffered the biggest contraction since the 2001 recession, reports Bloomberg. The gross domestic product fell 0.3%, led by the first fall off of consumer spending in two decades. The figure, out from the Commerce Department this... More »

MORE ABOUT:
inflation • recession • consumer spending • GDP • financial crisis

OPINION

Chill Out: It's a Recession, Not the Apocalypse

London's mayor has some advice for the queen: Buy a dress

Oct 28, 08 12:33 PM CDT
(Newser) - If you’re fretting, panicking, or just plain moping about the economy, Boris Johnson has some advice: Wake up and go shopping. “This isn’t some disaster movie about a virus from Mars. It’s a recession,” the mayor of London writes in the Daily Telegraph. “... More »

MORE ABOUT:
London • Queen Elizabeth • consumer confidence • recession • consumer spending • Boris Johnson • financial crisis

No More Bling? Even the
Jet Set Feels the Pinch

Luxury execs are sitting tight for the most part, while jet set wonders what's appropriate

Oct 9, 08 7:04 PM CDT
(Newser) - Not even the super-rich are immune to the present crisis, prompting Christina Binkley to wonder in the Wall Street Journal: "Is this the end of bling?" In a word, maybe. The world, of course, will always have rich people, but they may not want to flaunt it as much... More »

MORE ABOUT:
consumer spending • luxury goods • credit crisis • holiday shopping • bling • retailers • financial meltdown • jet set

 Wary Consumers Spell 
 Trouble for Retailers 

71% miss projections, worst showing since September of 2000

Oct 9, 08 4:42 PM CDT
(Newser) - With the holiday season looming, retailers' only hope may be a genuine Christmas miracle. In reports on last month's business, 71% of retailers missed sales and profits estimates, making it the worst September since data collection began in 2000, MarketWatch reports. Experts widely attributed the dismal numbers to the struggling... More »

MORE ABOUT:
consumer confidence • recession • consumer spending • credit crisis • retail sales • clothing • retail businesses • September

American Consumers Stop Spending: 'They All Feel Poor'

Unending bad news has sent consumer confidence reeling

Oct 6, 08 7:34 AM CDT
(Newser) - Consumers, hit by a tsunami of economic bad news, have dramatically cut back spending in recent weeks, on everything from clothes to cars to airline travel to dining out, reports the New York Times. The slowdown all but guarantees a drop in consumer spending for the third quarter, the first... More »

MORE ABOUT:
restaurant • consumer spending • retail sales • auto sales • home values

Consumers Squeezed, Spending Stalls

As prices rise, wages fall and unemployment jumps, spending growth has stalled

Oct 3, 08 10:45 AM CDT
(Newser) - The current economic crisis is shaping up to be different than others Americans have weathered in the past 20 years in an important respect, the Washington Post reports: consumer spending, which the nation could always count on to propel the economy through, has stalled. Real spending, the catalyst behind 70%... More »

MORE ABOUT:
Consumer Price Index • consumer confidence • wages • unemployment • consumer spending • GDP • credit crisis

Tight Budgets Pinch Health Care Spending

As consumers prioritize, medical expenses lose out

Sep 22, 08 1:54 PM CDT
(Newser) - Yet another casualty of the recession could wind up being an irreplaceable one: Americans' health. Consumers are increasingly skipping doctor visits and skimping on prescription meds, the Wall Street Journal reports. "It's hard to get people to follow up when they're having to decide between the gas bill,... More »

MORE ABOUT:
health care • health insurance • United States • recession • prescription drugs • consumer spending • credit crisis • doctor visit

 Unemployment Rate Hits 
 5-Year High of 6.1%

Factory workers hit hardest as unforeseen fall in jobs stuns economy

Sep 5, 08 8:43 AM CDT
(Newser) - Jobless figures came in worse than expected today, sending the unemployment rate to a nearly five-year high of 6.1%, Bloomberg reports. The US lost 84,000 jobs in August, the eighth straight month of declines, raising the specter of a worsening economic slowdown. The jump in unemployment, which was... More »

MORE ABOUT:
employment • recession • unemployment • consumer spending • Department of Labor • job

MARKETS

 Dell, Income Data Sour Stocks 

3-day streak of gains broken on weak computer profits, lower income figures

Aug 29, 08 3:24 PM CDT
(Newser) - Stocks lost value today on disappointing second-quarter earnings from computer maker Dell and news of declining personal incomes, MarketWatch reports. Trading remained light ahead of the Labor Day weekend as the Dow lost 171.22 to close at 11,543.96. The Nasdaq dropped 44.12, to 2,367.52,... More »

MORE ABOUT:
Dell • Dow Jones • income • Nasdaq • consumer spending • S&P 500

Shopping in US Looks Like the 1970s: Analyst

Automotive industry, discounters predict permanent shift

Jul 20, 08 8:01 PM CDT
(Newser) - Retailers and marketers are closely watching American shopping trends, knowing that recession habits can linger for years, the AP reports. Studies show that 63% of Americans have cut down spending by coupon-cutting, biking to work, and buying store brands. They're also buying smaller cars and shopping at discounters. "We... More »

MORE ABOUT:
consumer • Toyota • consumer goods • consumer products • consumer spending • auto industry • Wal-Mart

MARKETS

 Stocks Rebound on GM News 

Markets edge upwards after big fall early in the session

Jul 1, 08 3:31 PM CDT
(Newser) - Stocks rebounded from an early slump today after a better-than-expected sales report from General Motors, the Wall Street Journal reports. The GM news also pushed up stocks of other troubled automakers. The Dow ended up 32.25 at 11,382.26, the Nasdaq up 11.99 at 2,304.97,... More »

MORE ABOUT:
stock market • General Motors • stocks • consumer spending

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