US consumers increase spending a modest 0.4 percent in May
Consumer spending increased 0.4 percent in May, a modest gain that suggests Americans remain confident enough about the economy’s outlook to keep shopping. The Commerce Department said that incomes rose 0.5 percent and inflation remained tame, increasing just 1.5 percent in the past year. Still, there were signs that core prices, which exclude food and […]
US consumers increase spending a modest 0.4 percent in May
Consumer spending increased 0.4 percent in May, a modest gain that suggests Americans remain confident enough about the economy’s outlook to keep shopping. The Commerce Department said that incomes rose 0.5 percent and inflation remained tame, increasing just 1.5 percent in the past year. Still, there were signs that core prices, which exclude food and […]
What the SEC’s new ‘best interest’ rule means for you
The SEC recently passed new regulations it says will ensure that brokers act in their clients’ “best interest.” But what does that mean for you? THE RULE Brokers and advisers must disclose information about fees, costs and potential conflicts of interest. THE ISSUE Consumer advocates have long argued for more rules to protect Americans seeking […]
What the SEC’s new ‘best interest’ rule means for you
The SEC recently passed new regulations it says will ensure that brokers act in their clients’ “best interest.” But what does that mean for you? THE RULE Brokers and advisers must disclose information about fees, costs and potential conflicts of interest. THE ISSUE Consumer advocates have long argued for more rules to protect Americans seeking […]
US consumer prices edged up 0.1 percent in May
U.S. consumer prices increased a slight 0.1 percent in May, as inflation was tempered by lower costs for gasoline, electricity and used cars. The Labor Department said Wednesday that the consumer price index rose 1.8 percent during the past year. Excluding the volatile food and energy categories, core prices rose 0.1 percent in May and […]
US consumer prices edged up 0.1 percent in May
U.S. consumer prices increased a slight 0.1 percent in May, as inflation was tempered by lower costs for gasoline, electricity and used cars. The Labor Department said Wednesday that the consumer price index rose 1.8 percent during the past year. Excluding the volatile food and energy categories, core prices rose 0.1 percent in May and […]
‘Sell By’ or what? US pushes for clarity on expiration dates
If milk is a few days past its “Sell By” date, is it safe to drink? U.S. regulators are urging food-makers to be more consistent with labeling terms like “Best By” and “Enjoy By” that cause confusion. By clarifying the meaning of such dates, they are trying to prevent people from prematurely tossing products and […]
US consumer spending fell sharp 0.5 percent in December
U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January. The fall in consumer spending followed sizable gains of 0.7 percent in October and 0.6 percent in November, the Commerce Department reported […]
US consumer spending fell sharp 0.5 percent in December
U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January. The fall in consumer spending followed sizable gains of 0.7 percent in October and 0.6 percent in November, the Commerce Department reported […]
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