The numbers: The cost of many goods and services such as gas, cars, clothing and aircraft elevation rose in July in a rebound of pandemic lows, but inflation is still barely visible in the wake of a recession caused by coronavirus, which putting the demand too much into the whole …
Read More »Consumer spending jumps 5.6% in June, but recovery already appears to be slowing
The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
Read More »Roombas and jam: couch potatoes break robot vacuums, PB&J in pandemic
(Reuters) – Consumers who stay close to home as COVID-19 cases increase worldwide are looking for more staples like mayonnaise and peanut butter and buying Roomba robotic vacuum cleaners and computers. FILE PHOTO: A variety of peanut butter made in the USA on display at the “American lifestyle” store in …
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