It's hard to imagine how Tuesday's Consumer Confidence report for the month of November could have been weaker. While economists were expecting the headline index to come in at a level of 99.5, the actual reading was 9.1 points weaker at 90.4.
A sign announcing a job opening hangs in a store window in New York in October. Consumer confidence unexpectedly declined in November to the lowest level in more than a year as Americans grew less enthusiastic about the labor-market outlook.
The frequent claim that Federal Reserve Chair Janet Yellen and her colleagues are responsible for continuing low rates of interest may be correct in the small, but not in the large.
Shoppers looking to nab some deeply discounted Christmas presents have a big opportunity starting this Friday. That's because the biggest sales days in the United States occur during the US Thanksgiving holiday period.
Just ask the team at Skadden, Arps, Slate, Meagher & Flom LLP working on Pfizer Inc.'s$155 billion deal with Allergan PLC.