Expect fewer presents under the Christmas tree this year
Expect a little less ho-ho-ho in the holidays this year. US consumers will likely reel in spending in November and December, dialing down to a 3.7 percent rise in retail sales, according to a new...
View ArticleUS economy hit the brakes in third quarter
US economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to...
View Article‘Gross’ GDP fueled by ObamaCare
Last week’s gross domestic product report of 1.5 percent third-quarter growth ensures that the Obama presidency will be the first administration to record seven straight years of annual growth below 3...
View ArticleWall Street fears that Americans are dead broke
The American consumer appears to be tapped out. Despite cheaper gas and interest-free car loans that stretch six years, auto sales in October posted a surprise decline, the Commerce Department said...
View ArticleConsumers aren’t spending despite low gas prices
Where is all this extra cash Americans are supposed to be swimming in thanks to a low average gas price of $1.85 per gallon? The country’s largest motoring group, AAA, which tracks gas prices and...
View ArticleGas stations are actually benefitting from falling prices
If you own a gas station in the New York metropolitan area, things may be looking up — even as the price of your product is falling. Nationwide, a gallon of unleaded regular stood at an average $1.85...
View ArticleCar dealers got a bump despite a tough July for retail
Americans in July continued to splurge on cars — but they certainly weren’t driving them to the mall to go shopping. Retail sales in July were “virtually unchanged” from June, according to figures...
View ArticleThe real reasons Americans are limiting their spending
Two-thirds of Americans say they are limiting their spending, but few say it’s because they fear losing their jobs. According to a recent survey by Bankrate.com, 30 percent say they are placing...
View ArticleCyber sales are bigger than ever before
Americans spent the holiday weekend binge shopping from their couches. Bargain-hunters ditched long lines and chaotic malls to snag their holiday-season steals via computers and mobile devices — a...
View ArticleHoliday sales disappoint after DC misleads us again
Despite all the early hoopla about how great this holiday shopping season would turn out, it hasn’t worked out that way. In fact, even all the money made in the Donald Trump stock market rally that...
View ArticleNew York consumers are finally feeling good about spending
New York consumers are back from the economic abyss, and haven’t felt so good about spending in more than 16 years, according to a recent poll. The latest survey by the Siena College Research Institute...
View ArticleAmericans are spending more on their homes than their clothes
The numbers don’t lie. Americans are spending less and less on their wardrobes and more on gussying up their homes and on entertainment, a review of government data by The Post reveals. Families are...
View ArticleMacy’s takes another hit as mall traffic dwindles
Macy’s reported a much-bigger-than-expected drop in quarterly profit and sales, continuing its uphill struggle to attract customers amid a slump in demand for apparel and the shift toward shopping...
View ArticleHome Depot bucks sluggish retail trends
Home Depot’s first-quarter profit and same-store sales topped estimates as customers spent more on expensive items such as appliances and flooring and roofing materials. The company’s shares rose about...
View ArticleFed hikes rates for the third time in six months
The Federal Reserve hiked interest rates on Wednesday, the third time in six months, as unemployment in the US has continued to fall and consumer confidence has risen. The Fed raised its benchmark...
View ArticleHere’s when you can expect gas prices to rise
When will gasoline prices rise? When the economy gets healthier and people spend more. When will that happen? No time soon, according to one new report. Citigroup’s Economic Surprise Index, which...
View ArticleA glitch in your brain is costing you thousands
Would you rather have $200 to spend right now or $3,000 in five years’ time? If you’re like most humans, the temptation to grab the money and run is likely to overpower the long-term benefit of...
View ArticleEconomy grows at fastest pace in more than two years
The US economy expanded at the fastest pace in more than two years, the government reported on Wednesday, spurred on by an uptick in spending from consumers and investment from business. The positive...
View ArticleAmericans are getting clobbered by their tax bills
If you still wonder why President Trump won the election last November, take a look at some stunning new data on taxes. Turns out that US households last year paid more, on average, in personal taxes...
View ArticleAmericans are expected to spend $9.1B on Halloween crap this year
Americans may be pulling back on spending on apparel — but when its comes to Halloween, the budgets are scary good. Spending on the scariest of holidays is expected to shoot up 8.3 percent this year to...
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