Category Archives: WBAP 24/7 News

US Shoppers Spent More at Retailers Last Month in Latest Sign Consumers Are Driving Growth

US Shoppers Spent More at Retailers Last Month in Latest Sign Consumers Are Driving Growth

WASHINGTON (AP) — Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. Retail sales rose 0.4% from August to September, up from 0.1% the previous month and the third straight increase. Online retailers, restaurants,…MORE

Netflix’s Subscriber Growth is Slowing, but Its Profit and Stock Price Are Still Surging

Netflix’s Subscriber Growth is Slowing, but Its Profit and Stock Price Are Still Surging

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off. The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the…MORE