Consumer spending under pressure signals possible recession
Washington reports show retail sales down 0.4 percent after a weak housing market and job uncertainty. Analysts warn the decline could curb consumer activity, with confidence slipping as mortgage losses pile up. Greenspan and Wyss warn of a potential downturn as economic signals diverge from resilience.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
David Wyss
Standard & Poor’s
New York
Federal Reserve
Alan Greenspan
Oil prices fall as retailers report weak December sales
New York oil futures declined sharply after a 0.4 percent drop in December retail sales heightened fears of a slowing economy and weaker energy demand. June delivery light crude settled at 91.90 a barrel as Bush warned high prices could slow the US economy and urged OPEC to increase supply.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
York Mercantile Exchange
Bush
United States
Riyadh
Saudi Arabia
King Abdullah
OPEC
Ali Naimi
Apple unveils ultra slim MacBook Air at Macworld
Apple CEO Steve Jobs introduces a sub one inch thick MacBook Air at Macworld San Francisco with an 80GB hard drive and optional 64GB flash upgrade. He announces an alliance with six major studios for online movie rentals within 30 days of DVD release and demonstrates instant on by opening the envelope reveal. The device includes an optical drive and Wi Fi connectivity. an external drive will cost 99 dollars.
MENTIONED IN THIS ARTICLE
San Francisco
Apple Inc
Steve Jobs
Jobs
Consumer Electronics Company
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THE
Associated Press
WWW
Commerce.gov
Department of Commerce
Tim Evans
Citigroup Inc
Bloomberg.com
Energy
MTL Ae
Terry's Kids Shoes
Midland Plaza
tNavt
Maryyne
Opessa
Reeves Pain
Sciatica
Ian Consultation
Agery & Spine Center
Thomas D. Meek
M.D
North Alleghancy
Odessa
Texas
Andrews Hwy
Apple
Macworldexpo.com
Paul Sakuma
Chaps
Izod
Talbot James
Nautica
Enzo Jaymar Sansabelt
Dockers
Levi
Wrangler
Tall & Big Men’s
Habla ‘Espasiol
Kenneth W. Higgins
D.D
Michelle Anderson
Faudree Road
HRSA
Haan
Epona
MDA
Marcie
Angie
Teresa
Midland Memorial Hospital
Kont’s
Aaron's Best Buy
Midland Fire Dept
Odessa Fire Dept
Utpb
Tal
Best Buy
Midland
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