WASHINGTON (Reuters) - U.S. consumer spending recorded its biggest decline since late 2009 in December, with households appearing to save the extra cash from cheaper gasoline, which could support future consumption.
WASHINGTON (Reuters) - President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans.
NEW YORK (Reuters) - U.S. stock index futures pointed to slight gains at the open on Monday, suggesting a modest rebound following a decline last week, though a disappointing reading on consumer spending added to recent concerns over economic strength.
HONG KONG (Reuters) - Jack Ma, chairman of Chinese e-commerce giant Alibaba Group Holding , said on Monday he hoped the company's financial affiliate would list in Asia but the exact timing and location were unknown.
HOUSTON (Reuters) - Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants as they sought a new national contract with oil companies covering laborers at 63 plants.
LONDON/SYDNEY (Reuters) - European and Chinese factories slashed prices in January as production flatlined, heightening global deflation risks that point to another wave of central bank stimulus in the coming year.
(Reuters) - General Motors Co has received a further 1,112 claims for compensation related to ignition defects that led to deaths and injuries, taking the total to 4,180 up to the Jan. 31 deadline for claim submissions, the Wall Street Journal said on Monday.
NEW YORK (Reuters) - Investors who have been piling into real estate exchange-traded funds over the past year could be in for a rocky ride if the Federal Reserve raises interest rates later this year as expected.