Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.
The dramatic declines raised new worries about whether consumers will cut back further on spending, making it harder for the economy to mount a sustained rebound.
The [...]
Posts Tagged ‘economic activity’
Consumer borrowing falls sharply in November
January 9th, 2010 by Financial Writer
Tags: borrowing, consumer, credit cards, economic activity, economic recovery, Federal Reserve
more...Asian stocks rose, the last day of a torrid quarter
June 30th, 2009 by Financial Writer
Asian stocks rose on Tuesday, the last day of a torrid quarter, as investors added to trades based on a rebound in economic activity, while funds slashed bets against a fall in oil prices to keep crude on track for its biggest quarterly gain in 19 years.
Major European stock indexes followed Asia’s example by opening [...]
Tags: Asian stocks, economic activity, torrid quarter, US Treasuries