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 »Wall Street Falls When Fed Stock Affects Bank Stocks, Virus Cases Increase
(Reuters) – Major Wall Street indexes fell on Friday when the United States set a new record for a one-day rise in coronavirus cases and bank stocks fell after the Federal Reserve decided to limit payments to shareholders. FILE PHOTO: Flags hang on the exterior of the New York Stock …
Read More »Iraqi Forces Attack Iranian-backed Militiamen In Baghdad
BAGHDAD (Reuters) – Iraqi security forces raided a fortress of a powerful Iranian-backed militia in southern Baghdad on Thursday and detained more than a dozen members of the group, government officials and paramilitary sources said. The raid was the most blatant action by Iraqi forces against a major Iranian-backed militia …
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