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Retailers are reporting strong sales gains for February, as rising consumer confidence is helping consumers to feel more comfortable spending again.
Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday. The two increases were the biggest monthly gains in a decade.
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Despite an upswing in hiring during 2011, the jobs crisis could last many more years as millions of Americans struggle to find work.
Most U.S. retailers turned in solid finish to the holiday season, despite bargain-hungry consumers who put off their holiday shopping until the last-minute in order to snag the very best deals, and mild temperatures, which dampened demand for winter apparel.
The largest U.S. specialty electronics retailer said late Wednesday that "overwhelming demand for some products from Bestbuy.com has led to a problem redeeming online orders made in November and December.
Some people have always postponed Christmas celebrations because their jobs don't pause for the holiday. But in the weak economy, folks are delaying Christmas for another reason: money.
Used to be, customers would come running when stores cut prices. But these days, more Americans are becoming blase about bargains.
U.S. shoppers are still spending heavily online after a record-busting "Cyber Monday," research firm comScore said.
Stores may have attracted shoppers early with fat discounts last week, but the shopping bonanza came with a price, according to data released by a research firm late Thursday.
Wal-Mart Stores said it is finally poised to end its nine straight quarters of declining sales at stores open at least a year in its core U.S. business, SW Retail Advisors analyst Stacey Widlitz told CNBC.
Procter & Gamble's CEO assured shareholders Tuesday that the company is aiming higher than its latest results.
In September 2011, Bank of America announced that it would charge customers a monthly fee of $5 for debit card use. Consumers may be unhappy with the decision, but they’re already paying fees on their credit and debit cards all the time. Here are some things to watch out for to avoid paying extra fees on credit and debit cards.
Amid slumping consumer confidence, shoppers remained resilient, but retailers were reporting mixed results for September.
The Federal Reserve's latest attempt to boost the economy may have a mixed impact on consumers. Some will be helped by lower rates on mortgages and other fixed-rate loans, but savers may see their interest income fall.
Americans often check their receipts to make sure they've bought everything they need, and probably to see if what they paid this time is any different from the last trip. The government does the same with the Consumer Price Index. Here are the details.
Restaurant groupies have always been around, but they're more valuable at a time when the economy is forcing consumers to choose carefully when they eat out, and a few online posts can inform the opinions of thousands.
Taiwan's columbaria products and funeral services provider Lung Yen Life Service, which recently invested $40 million to set up a subsidiary in China, has an analyst bullish on its future earning prospects.
Americans borrowed more in May for the eighth straight month and used their credit cards more for only the second time in nearly three years.
Many retailers outpaced Wall Street estimates for monthly sales in June, according to early reports out Thursday.