May consumer credit rises $12.9 billion
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Americans reached for their credit  cards with gusto in May after an April lull, sending overall  U.S. consumer borrowing up by $12.90 billion -- more than twice  the forecast rise, a Federal Reserve Board report showed on  Monday.
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A report found that consumer spending in October chugged along while wages rose and inflation stayed at a level that the Fed chairman called Âuncomfortably high.Â
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Consumers borrowed more freely in September, especially when it came to racking up charges on their credit cards, the Federal Reserve reported Friday.
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Mortgage rates in the US increase, and short-term rates rise overseas.
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A consumer credit advice charity report claims the number of people over 60 seeking its advice is rising.
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DETROIT  -Consumer incentives offered on new cars rose nearly 2 percent in May from a month earlier in the U.S. market, according to a report released on Friday.
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Japan&#39;s core private-sector machinery  orders, a key gauge of corporate capital spending, rose 5.9  percent in May from the previous month, government data showed  on Monday.
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Consumer spending rose at the fastest rate in more than two years in November and prices also climbed sharply, according to a government report on Friday that showed the economy on firmer ground than many had believed.
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Wholesale prices in the US surges ahead in May, up 0.9%, adding to concerns over continuing inflation risks
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US consumer spending is on the rise again, a sign the economy may be emerging from an early summer decline.
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Citigroup Inc., the world's largest financial services company, on Thursday said fourth-quarter profit rose 12 percent, helped by growth in its consumer and investment banking businesses.
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WASHINGTON -- Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated.
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Surging energy costs drove U.S.  consumer prices up by a hefty and larger-than-expected 0.6  percent last month, the biggest jump since May, a government  report showed on Wednesday.
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WASHINGTON -- Consumers' borrowing grew in January, reflecting an increase in auto loans. The Federal Reserve reported yesterday that consumer credit rose at a 3.2 percent annual rate, up from December's 2.5 percent increase.
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Citigroup Inc., the world's largest  financial services company, on Thursday said fourth-quarter  profit rose 12 percent, helped by growth in its consumer and  investment banking businesses.
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The government's income from residential stamp duty has risen nine-fold over the last 10 year, new figures show.
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More consumers plan to increase their spending during this year's holiday season than did last year as concern about paying off debt has lessened and economic optimism has grown, a survey released Monday shows.