Consumers boost savings rate to three-year high
December spending was flat from November while income rose 0.3 percent, lifting the savings rate to 5.5 percent of after tax income, the highest since December 2012.
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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 02, 2016
Page
11
December spending was flat from November while income rose 0.3 percent, lifting the savings rate to 5.5 percent of after tax income, the highest since December 2012.
A 2015 consumer survey of 1,004 US shoppers by MMNPL Schneider Associates and Sentient Decision Science for TRAP and USA TODAY highlights the most memorable new products. The report identifies brands, launch features, and consumer impressions shaping purchase interest and recall.
A Bespoke Investment Group review finds February is usually flat for the Dow and S&P 500 after sharp January losses. Historical data show January dips of 5% or more imply February declines and a weak rest of the year, with oil weakness and higher labor costs adding pressure on earnings.
History shows the Dow tends to small gains in February while January downdrafts often curb buying. China’s slowing economy adds risk and oil price declines help consumers. Positive signs include steady housing, resilient labor market, consumer confidence, and a contrarian rise in investor pessimism.
Alphabet could top Apple in market value as trading opens with Google in pole position said analyst Colin Gillis. Alphabet's core business is accelerating revenue growth, expense control and a share buyback, while Apple remains historically asset rich but without a new blockbuster product. Alphabet reported $21.32 billion in revenue and $8.67 earnings per share for Q4, with $448 million in other bets revenue and a $3.6 billion loss for those ventures.
Alphabet vaulted past Apple to become the United States most valuable company after-hours trading. Google’s parent rose on stronger than expected fourth quarter results, lifting its combined share value to about 554 billion dollars while Apple slid to around 534 billion in after-hours action.
Barclays and Credit Suisse will pay a combined 154.3 million in settlements over misleading customers in their private dark pools LX and Crossfinder. The SEC and New York AG said the actions mark the largest penalties in U.S. history for dark pool cases. Both banks faced charges of opaque order flow and phony disclosures to investors.
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