WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The surge in spending reported by the Commerce Department …
Read More »United States consumer spending recovers; falling revenue, rising COVID-19 cases looming
WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The surge in spending reported by the Commerce Department …
Read More »United States consumer spending recovers; falling revenue, rising COVID-19 cases looming
WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The surge in spending reported by the Commerce Department …
Read More »US consumer spending recovers, falling revenue is a threat
WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The Commerce Department report on Friday added increases in …
Read More »GLOBAL MARKETS: stocks depleted by the increase in coronaviruses, the sadness of the recession
* Increase in US viruses, New restrictions considered * Europe stabilizes after early decline, Japan -1.2%, Australia -2.5% * US stock futures fell 0.5% after falling as low as 1.2% * Stronger dollar in the currency markets * Brent drops less than $ 40 a barrel * * By Marc …
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