spending

Keynesian economics is a scourge to any nation that tries it, and African countries are no exception.

Watching the displays on a petrol pump while filling your car's tank might cause a panic attack. Buying a secondhand automobile nearly always necessitates taking out a second mortgage. In terms of mortgages, the middle class is being priced out of the housing market as house prices continue to rise. Many price hikes have gotten out of hand.

Massive federal spending meant to blunt the coronavirus’s economic impact could have long-term costs, experts say — meaning those stimulus checks might not be free money after all. Congress’s unprecedented stimulus measures coupled with the Federal Reserve’s aggressive efforts to shore up the economy could drive up inflation in the coming years, leaving Americans with …

President Trump called on Senate Republicans Wednesday to support “much higher” spending for a prospective coronavirus relief bill, surprising members of the caucus who have advocated for a more constrained approach compared to previous relief legislation. House Democrats passed a bill in May that would include a new round of $1,200 stimulus checks to all …

American consumers increased their spending by just 1.9 percent in July as the economic recovery from the coronavirus pandemic lost some momentum. Last month’s $267.6 billion jump in consumer spending beat economists’ expectations for a 1.5 percent gain even as growth slowed from a strong rebound in the prior two months, the US Commerce Department …

House Speaker Nancy Pelosi (D., Calif.) told reporters on Thursday that Democrats were readying a possible $1.5 trillion infrastructure spending bill. There have already been various proposals to tie infrastructure spending to a coronavirus economic relief bill, although those efforts have so far not borne fruit. President Trump has stated that he would support an …

Read More: Neiman Marcus to file for bankruptcy as soon as this week: sources US retail sales set another grim record amid coronavirus crisis Consumer spending plunges as Americans hoard cash amid coronavirus Retail sales surge record 18 percent as coronavirus lockdowns ease

US consumer spending took a record nosedive last month as Americans hoarded cash during the coronavirus pandemic, new data show. Personal consumption spending tumbled 13.6 percent in April, marking the largest drop since the feds started tracking the figure in 1959, the US Department of Commerce said Friday. The US savings rate, however, soared to …

US consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditions. The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six years and down from …

Chris Hurn, founder of Fountainhead Commercial Capital, has received 7,400 small business loan requests in the past two weeks, more than his business has handled in its five years of existence. The Lake Mary, Florida-based non-bank lender is just one of thousands of financial institutions across the country preparing to dole out $349 billion in …