Chris Christopher News
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Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign U.S. consumer spending will cool as households try to cope with a payroll-tax increase and delayed refunds.
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Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign of a broader weakening in U.S. consumer spending as households grapple with the payroll-tax increase and delayed refunds.
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Consumer confidence fell again last week, raising the risk that the payroll tax increase that kicked in at the start of the year will make it difficult to sustain a pickup in spending.
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Retail sales probably improved for a second month in August as consumers overcame a lack of jobs and stagnant wages, economists said before a report today.
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Phil Lubov wore his favorite striped blue tie and brought a stack of resumes, aiming to land a holiday-season sales job to replace the retail position he lost in May. Part-time journalism teacher Gabe Walker said he arrived early, trying to boost his income.
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Wages are stagnating as the job market cools, restraining the consumer spending that is needed to sustain the U.S. economic recovery.
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A strengthening U.S. recovery means the depressing influence of the winter storms that disrupted travel from Chicago to New York over the past few days and blanketed much of the country in January will be temporary, economists said.
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Home equity lines of credit that fueled a spending spree during the U.S. property boom are back.
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Confidence among U.S. consumers rose in September from the lowest level since November 2008 as pessimism about the economy eased.
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Rachael Wright had culinary training, a bachelor’s degree in nutrition and a dream of putting her education to work. After a couple of years waiting tables and trying to launch her career, Wright finally went where the jobs are: quick-service food.
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