Consumer Spending Videos
Stocks plummet as traders expect a hike in interest rates
ABC News' chief business, economics and technology correspondent Rebecca Jarvis explains why good news can cause bad news.
Cyber Monday expected to bring in roughly $6.5 billion
And today's tech like Cyber Monday in full swing some deal started at midnight experts predicting this will be the biggest online shopping day in history. With consumer spending more than six and a half billion dollars about 16% more than last year. Clothes and electronics are expected to be big
Authorities say counterfeit sneakers can finance organized crime, terrorists
Federal authorities say the resale value of rare shoes can send mark-up prices into the thousands and criminals are hoping to cash in.
Walmart Announces Billions of Dollars in Losses
What the retail giant's sales slump and drop in profits mean for holiday shopping.
US GDP Growth Slows in the 4th Quarter
Okay. Happy Friday it is Friday January 30 the markets in New York are now open and our big number this morning is two point six. Percent that is yeah. Economy grew in the fourth quarter and while a positive number is bullet. It did miss the estimates economists had set at 3.2 percent it was a
BP Ramps Up Production in the North Sea
I'm tired and is in New York the financial markets close on Wall Street for Tuesday December 30 it. This is story stopped. As crude or else want to fresh multiyear. Earlier today British oil giant BP actually started production in the canoe all oil field in the North Sea. The field about 140 miles
3rd Quarter GDP Jump Pushes Dow to 18,000
The Dow Industrials top 18,000 for the first time as third quarter GDP jumps to 5%.
FedEx Earnings, Revenue Fall Flat on Wall Street
Okay. It's Wednesday December 17 the markets in New York are open and a big number this morning eleven point nine billion dollars that is the revenue. That FedEx just posted for the third quarter now it's a 5% jump from last year's still though it missed Wall Street expectations. And now shares of
Top CEOs Cutting U.S. Growth Forecast to 2.4 Percent
Okay. It's Wednesday December 3 the markets in Europe are open and abatement but this morning 2.4 percent. It's a relatively small figure but that's what the nation's top CEO's seat for US economic growth well below the forecasts of economists. That all according to in the fourth quarter survey
Total Bank Revenue Surges in 3rd Quarter, Hits $171.3 Billion
Okay. It's Wednesday November 26 the markets in new Yorker open and a big number this morning is 171. Point three billion that. Out of revenue US banks collected last year four point 8% increase. They eat their best quarter since the recession this according to the FDIC which tackling its data