WASHINGTON: US consumer spending fell for the first time in eight months in September, but a rise in consumer sentiment to more than a seven-year high this month indicated economic growth would remain on solid ground.
Average U.S. gas prices are expected to drop below $3 per gallon by Saturday, a psychologically significant milestone that comes after a months-long fall in the price of crude oil.
US stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials.
Photo. Singapore's running in April of the JPMorgan Chase Corporate Challenge. The race series' website was hacked around that time.
BEIJING (Reuters) - China's factory activity unexpectedly fell to a five-month low in October as firms fought slowing orders and rising costs in the cooling economy, reinforcing views that the country's growth outlook is hazy at best.