Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.2 per cent in August after an unrevised 0.5 per cent gain in July, the Commerce Department's Bureau of Economic Analysis reported on Sept 27. Economists polled by Reuters had forecast consumer spending climbing 0.3 per cent.
Consumer spending continues to be supported by still-solid wage gains even as the labour market has slowed considerably. Annual revisions to national accounts data published on Sept 26 showed stronger wages and salaries growth in the second quarter than had been previously estimated.
هذه القصة مأخوذة من طبعة September 28, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 28, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Abandoned at birth, she turns her life around after years of anger
Ms Grace Lee, 39, was abandoned at birth. Her mother gave birth to her at KK Women's and Children's Hospital but left without her baby, while her biological father was never in the picture.
Trump holds rally at site of assassination attempt in Pennsylvania
Republicans hope return will boost turnout for him in crucial swing state during polls
Chinese hackers hit US wiretap systems: WSJ
Chinese hackers accessed the networks of US broadband providers and obtained information from systems that the federal government uses for court-authorised wiretapping, The Wall Street Journal reported on Oct 5.
Harris offers aid pledges during visit to storm-hit state
Vice-President Kamala Harris met relief officials and volunteers in North Carolina on Oct 5 in a show of support for victims of Hurricane Helene, which caused large-scale damage in the election battleground state.
Potential Hezbollah leader out of contact after Israeli strike: Source
His loss would be another blow to group, as heavy Israeli bombardment rocks Beirut
Dog neutering done without surgery and it’s reversible
SANTIAGO - Findley is one lucky dog.
China, N. Korea mark 75 years of ties with vows of cooperation
SEOUL - The leaders of China and North Korea vowed on Oct 6 to enhance bilateral cooperation, on the 75th anniversary of diplomatic relations between the two countries, Pyongyang's state news agency KCNA reported.
South Korean President Yoon to make state visit to S'pore
It is part of the leader's South-east Asia tour aimed at elevating ties in the region
Kazakhstan votes on whether to build its first nuclear plant
ALMATY - Kazakhstan began voting in a referendum on Oct 6 on whether to build its first nuclear power plant, an idea promoted by President Kassym-Jomart Tokayev's government as the Central Asian nation seeks to phase out polluting coal plants.
Chinese e-commerce giants take steps towards integration
Shoppers get more payment options, while platforms widen their reach
