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Oil prices were flat on Monday as investor sentiment was soured by worries about the strength of the US economy, which is the world's biggest energy consumer, analysts said. In morning London trade, Brent North Sea crude for delivery in August firmed six cents to 68.98 dollars a barrel. New York's main futures contract, light sweet crude ...
US consumer spending rose modestly in May despite a surge in personal incomes boosted by massive government spending to kick-start the economy out of recession, official data showed Friday. The Commerce Department reported consumer spending rose for the first time in three months, by 0.3 percent in May, in line with the expectations of private economists. But the savings ...
US consumer spending posted a modest gain in May but savings vaulted amid massive government stimulus spending aimed at pulling the economy out of recession, official data showed Friday. The Commerce Department reported consumer spending rose 0.3 percent in May from April, in line with most analysts' forecast. The May uptick in personal spending -- which accounts for two-thirds of ...
WASHINGTON — Households raised their savings rate to the highest level in more than 15 years in May as many used a big boost in money from the government's stimulus program to bolster nest eggs rather than to spend more. Still, with consumer spending expected ...
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