American consumers say they reduced their spending in January to levels similar to early 2009, when the U.S. economy was still in recession, according to a Gallup poll released on Thursday.
The findings, which contradict U.S. data suggesting spending strength in January, showed consumers in all income brackets and geographic regions spending less in January vs. [...]
Posts Tagged ‘consumers’
Consumers spent at 2009 levels in January
February 18th, 2010 by Financial Writer
Tags: consumers, financial markets, great depression, us economy, us retail sales
more...Visa 1Q profit rises 33 percent, beats estimates
February 4th, 2010 by Financial Writer
Visa Inc. on Wednesday said its profit rose 33 percent in the fiscal first-quarter on increased revenue, even as consumers pull back sharply on spending amid the recession.
The payment processing giant reported net income of $763 million, or $1.02 per share, compared with $574 million, or 74 cents per share a year ago.
Revenue growth was [...]
Tags: consumers, payments network, recession, us consumers, us economy, us payment, visa
Economy grows in 3Q, signals end of recession
October 29th, 2009 by Financial Writer
The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
The Commerce Department’s report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has [...]
Tags: businesses, consumers, economy, recession, unemployment
U.S. consumer confidence slips
September 29th, 2009 by Financial Writer
American consumers continue to sit on their wallets, according to two sets of data released Tuesday.
The U.S. Conference Board reported its consumer confidence index fell in September. The index fell to 53.1 in September from 54.5 in August. That erases some of the seven-point gain for the index made from July to August. Americans grew [...]
Tags: consumers, economy, spending, us
People must ’stay secure when banking online’
September 11th, 2009 by Financial Writer
Consumers have been advised to stay as secure as they can when banking online in order to benefit from the convenience it offers.
Jacques Erasmus, director of malware research at Prevx, stated that he personally uses online banking, but it is vital to be aware of the threats to look out for.
He highlighted the use of [...]
Tags: banking, banking online, consumers
Santander: Economy depends on the consumer
September 11th, 2009 by Financial Writer
Santander has said that despite optimism in the stock markets, inflation will depend on the actions of consumers.
Richard Moore, manager of the Asset Management UK arm of the banking group, made his comments following news that the FTSE 100 has reached 5,000 points.
He pointed out that consumers must now spend in order for inflation to [...]
Tags: banking group, consumers, inflation, santander