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 »UPDATE 1: US consumer spending recovers; income sinks
(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 »Dismissed Miami police officer accused of putting a knee to the neck of a black woman
(Reuters) – A former Miami police officer was charged Thursday with assault and misconduct after a video appeared showing him pressing his knee to a black woman’s neck and savoring her stomach, while she continued to scream, according to US media reports. Jordi Martel, 30, was charged with official misconduct …
Read More »Canada’s Trudeau rejects call to exchange Huawei executives for detainees in China
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Thursday rejected a call to exchange a jailed Huawei Technologies Co Ltd [HWT.UL] executive for two Beijing-held citizens, saying such a move would set a bad precedent and hurt Canada. FILE PHOTO: Canadian Prime Minister Justin Trudeau attends a press conference …
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