Monthly retail sales suffered a surprising drop last month as American households continued to curtail their spending amid higher energy and food prices and a weakening jobs market.
Recession fears spark as sales tank
Monthly retail sales suffered a surprising drop last month as American households continued to curtail their spending amid higher energy and food prices and a weakening jobs market.
Bonds rise on recession woes
Treasury prices rose Friday after the European Union reported more bad economic news and investors expected another weak report for retail sales.
Call it a recession, already
Nearly 1.2 million jobs have been lost this year. The unemployment rate is at its highest level since 1994. Retail sales were dismal last month and for automakers, October was the worst month...
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