U.S. consumer spending was unexpectedly flat in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. In a separate report, the Institute for Supply Management (ISM) said its index of national factory activity was 52.8 in May, up from April’s reading of 51.5.
The Federal Reserve should consider lifting interest rates sooner rather than later to tackle speculative bubbles, Robert Shiller told CNBC.
Wall Street’s generous supply of funds to U.S. oil drillers helped create the American energy boom. Now that same access to easy money is keeping them going, despite oil prices that are languishing around $60 a barrel.
U.S. consumer spending in April posted the weakest performance in three months, but a solid gain in income growth should help boost spending in the future. Consumer spending was flat in April after a revised …
Microsoft Corp. is preparing Windows 10 for release on July 29, in time for the back-to-school personal-computer season, as the company tries to boost an ailing PC market and revive its own fortunes in mobile devices. The operating system will be available for PCs and tablets as a free upgrade to people using Windows 7 and Windows 8.1, or on new Windows 10 devices, Microsoft said in a statement Monday.
European shares rose Monday, shrugging off unease over the Greek debt situation and renewed signs of weakness in the U.S. economy, after Shanghai’s benchmark jumped nearly 5 percent on expectations of …
Move over, Amy Poehler! There’s a new Amy in Tina Fey’s life. The 30 Rock creator and actress made a surprise appearance at the 74th Annual Peabody Awards Ceremony at Cipriani…
Another couple says “I Do!” The O.C. actor Eric Balfour, 38, and his girlfriend of five years, Erin Chiamulion, 31, tied the knot Saturday in a gorgeous outdoor California…
There’s a lot of love surrounding Kim Kardashian! After Sunday night’s big reveal that the Keeping Up With the Kardashians star is expecting baby No. 2, her mom, Kris Jenner,…
Fifty Shades fever is still rising—in fact, author E.L. James is releasing a new version of Fifty Shades of Grey this month written from Christian Grey’s point of view! The new…
