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 »
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 »
(Add report details) By Lucia Mutikani WASHINGTON, June 26 (Reuters) – US consumer spending rebounded by the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to decline further. more as millions lose their unemployment checks starting next month. …
Read More »
WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …
Read More »
Russia’s President Vladimir Putin delivers a televised address to the nation in Moscow, Russia on June 23, 2020. Sputnik / Alexei Nikolsky / Kremlin via REUTERS MOSCOW (Reuters) – President Vladimir Putin raised the income tax for wealthy Russians and offered new state benefits to families with children on Tuesday, …
Read More »