Outlays for construction projects rose 0.2% in November to $1.81 trillion, the Commerce Department reported Tuesday. Wall Street was expecting a drop of 0.4%. Spending in October fell a revised Read more
Tag: Spending
Eat, drink and be merry: Here’s where shoppers have been spending the most money this holiday season
Restaurants are set to become the biggest winners of a holiday season that could turn out to be the most normalized since the onset of the pandemic. That’s according to Read more
Consumer spending barely rose at start of holiday shopping season
The numbers: Consumer spending rose a tepid 0.1% in November, suggesting greater caution by households and heavy discounting in the holiday shopping season. Analysts polled by The Wall Street Journal Read more
Pelosi says she hopes House can pass $1.7 trillion spending bill tonight
Speaker Nancy Pelosi on Thursday said it’s her “hope” that the House of Representatives will pass Congress’ year-end, $1.7 trillion spending package this evening. The Senate earlier Thursday broke a Read more
Federal spending bill’s pandemic provisions: more public health data, no investigation into COVID’s origin
COVID-19 cases are once again rising in the U.S., but how prepared are we for the next pandemic? That’s a question worth asking. The $1.7 trillion omnibus spending bill presented Read more
Microsoft to buy stake in London Stock Exchange, which commits to spending billions on cloud services
Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure. Microsoft Read more
U.S. consumer sentiment improves in December as inflation worries ease
The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 59.1 from a November reading of 56.8. Economists polled by the Wall Street Read more
Retail sales rose 1.3% in October as U.S. consumer spending remained strong
Retail sales rose 1.3% in October as U.S. consumer spending remained strong
How to get a guaranteed retirement spending rate of 4.3%
Stop the presses! The 4% spending rule may be alive after all—at least for now. I’m referring to the famous research from William Bengen in 1994 that focused on how Read more
U.S. budget deficit narrows sharply in October
The numbers: The U.S. federal budget deficit narrowed to $87.8 billion in October, down from $165.1 billion in the same month last year, the Treasury Department said Wednesday. This is Read more