Discretionary spending

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart is reporting disappointing fourth-quarter profits and sales. The nation's largest retailer says that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. (AP Photo/Gene J. Puskar, File)
February 18, 2020 - 11:57 am
NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile, where there are hundreds of Walmart stores, cut into international sales. Walmart also delivered a weak profit forecast for the...
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January 27, 2020 - 6:26 am
DETROIT (AP) — General Motors is spending $2.2 billion to refurbish an underused Detroit factory so it can build a series of electric and self-driving vehicles, eventually employing 2,000 people. GM said in a statement Monday that the factory will start building the company's first electric pickup...
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FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier. (AP Photo/John Minchillo, File)
January 15, 2020 - 10:06 am
Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong. Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the...
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January 14, 2020 - 5:48 am
NEW YORK (AP) — Citigroup says fourth-quarter profits rose by 15% as the banking conglomerate benefited from a boost in trading similar to competitor JPMorgan Chase. The New York-based bank said it earned a profit of $4.98 billion, or $2.15 per share, compared with a profit of $4.3 billion, or $1...
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Democratic Presidential candidate and former New York City Mayor Michael Bloomberg speaks during a rally Friday, Jan. 10, 2020, in Atlanta. (AP Photo/John Bazemore)
January 10, 2020 - 9:50 pm
WASHINGTON (AP) — Billionaires Michael Bloomberg and Tom Steyer are testing an unproven theory in the contest for the Democratic presidential nomination: that their vast personal wealth can buy the trophy. Not since Texas businessman Ross Perot spent $63.5 million in 1992 (more than $100 million in...
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Democratic presidential candidate, former New York Mayor Michael Bloomberg, front back to camera, chats with Richmond mayor Levar Stoney, front left, under the watchful eye of the media at a coffee shop in Richmond, Va., Tuesday, Jan. 7, 2020. (AP Photo/Steve Helber)
January 07, 2020 - 11:03 am
RICHMOND, Va. (AP) — Democratic presidential hopeful Michael Bloomberg voiced strong support Tuesday for enacting new gun regulations in Virginia a few months after groups he backs spent millions of dollars helping Democrats win full control of state government. But the former New York City mayor...
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In this Monday, Dec. 23, 2019, photo, a U.S. soldier carries Christmas gifts from a helicopter to deliver to his comrades on a base near the al-Omar oilfield in eastern Syria. It's an operation is called Holiday Express - in addition to delivering presents, the U.S.-led coalition forces brought a U.S. military band to play Christmas carols and music to several bases in eastern Syria. (AP Photo/Farid Abdul-Wahid)
December 24, 2019 - 6:40 am
SHADDADEH, Syria (AP) — Hundreds of American troops based in Syria have received Christmas gifts thanks to Operation Holiday Express, launched by U.S.-led coalition forces from across the border in neighboring Iraq. This year, Santa's sleigh and reindeer were apparently swapped for a workhorse CH-...
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December 13, 2019 - 10:59 am
ANNISTON, Ala. (AP) — Walmart shoppers in Alabama got a happy holiday surprise when donations paid off $70,000 in layaway purchases at two stores, the company said Friday. Someone paid off $45,000 in purchases at a store in the east Alabama city of Anniston on Monday, according to Casey Staheli, a...
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FILE - In this July 17, 2018, file photo Amazon Prime packages sit in a delivery truck before being unloaded in Miami. It’s just a week into the holiday shopping season, and Amazon is already having trouble getting packages to shoppers’ doorsteps on time. The company said the delays are due to bad weather in parts of the country and the large amount of orders it received during the Thanksgiving weekend, when it offered steep discounts. (AP Photo/Lynne Sladky, File)
December 06, 2019 - 12:31 pm
NEW YORK (AP) — Amazon said Friday that it's back to delivering its packages on time after bad weather and a rush of orders caused some delays earlier in the week. “We quickly re-balanced capacity and it’s all systems go now,” tweeted Amazon executive Dave Clark, who oversees Amazon's warehouse and...
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FILE - In this Jan. 1, 2019, file photo, an empty shopping cart sits outside a Sears store in the Streets of Southglenn mall in Littleton, Colo. Nine months out of bankruptcy, Sears is limping into the holiday shopping season. (AP Photo/David Zalubowski, File)
December 04, 2019 - 8:30 am
NEW YORK (AP) — Nearly 10 months out of bankruptcy, Sears is limping into the holiday shopping season. Eddie Lampert, the hedge fund billionaire who promised to save 425 Sears and Kmart stores and roughly 45,000 jobs when he bought the company out of bankruptcy, has seen his $5.2 billion lifeline...
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