Spending

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Holiday spending surges to 12-year high

U.S. holiday spending jumped to its biggest gain since 2005 on stronger employment, rising consumer confidence, and expectations of higher wages and bonuses after new tax bill, according to NRF. Conway Gittens reports. Holiday...

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UK economy: slimming down after lean Xmas?

British shoppers tightened their belts over Christmas, leading to the first year-on-year fall in spending since 2012, and leading businesses aim to do the same over 2018, according to two major surveys. As Ivor...

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Brits escape reality with big spend Halloween

While Halloween has traditionally been popular chiefly in the United States, the United Kingdom now seems to be following suit. Silvia Antonioli reports on the surge in spending for this year’s celebrations. Brits escape...

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U.S. GDP slows to 0.7%

The U.S. economy posted its weakest first quarter growth in three years as consumers crimped on spending. Fred Katayama reports. U.S. GDP slows to 0.7%