Category: Business & Economy

The latest raft of spending data revealed, spending outpaced incomes once again in November, sending the savings rate lower, suggesting that this latest consumption binge was largely fueled by debt.

Two months after the US Treasury reported the widest annual deficit in six years for fiscal 2018, moments ago the US posted the biggest November budget deficit on record as total government spending came in twice as much as revenue.

After Ford successfully spun its latest “restructuring” as a jobs-neutral, union-endorsed shifting of employees from one factory to another, one analyst at Morgan Stanley is calling “bulls***”, writing in a report published Monday that the Detroit automaker could soon announce an even larger round of job cuts than rival GM.

After months of rising prices at the pump, the American consumer is finally starting to feel some relief thanks to the drop in oil prices.

Legacy brick-and-mortar retailers have found themselves falling behind this Thanksgiving season as the Black Friday “holiday” moves closer to becoming an online exclusive event. Digital spending is estimated to possibly exceed $6.4 billion on Friday, which would be higher than last year’s Cyber Monday totals.