Greater optimism about income growth and future spending pushed U.S. consumer sentiment to a fresh 7-year high in November. The University of Michigan said Wednesday that its index of consumer sentiment rose to 88.8 in November from 86.9 in October.
WASHINGTON, Nov 26 (Reuters) - U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.
WASHINGTON - More Americans than forecast filed for unemployment benefits last week, a possible sign the pace of improvement in the labor market has cooled.
Contracts to buy previously-owned U.S. homes unexpectedly fell in October, dropping to their lowest level in four months and casting a shadow over the housing market's recovery.
Brent and West Texas Intermediate crudes fell before tomorrow's OPEC meeting where ministers will discuss how to respond to a supply glut behind a five-month slide in prices.