Consumer borrowing drops by $14.8 billion in September, record 8th straight decline

Consumer borrowing drops $14.8B in September

Consumers likely trimmed borrowing for 8th straight month in Sept., could weigh on recovery

Ahead of the Bell: Consumer Credit

WASHINGTON — Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery.

Federal Reserve says consumers slash borrowing by record $21.6 billion in July

WASHINGTON — Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.

Investors seek $6.9B worth of loans in August from federal program to spur consumer credit

WASHINGTON — Investors’ appetite picked up this month for a government program aimed at spurring lending to consumers and small businesses at lower rates.

Stocks open modestly higher ahead of Alcoa earnings; world markets mixed

NEW YORK — Stocks are modestly higher in early trading Wednesday as investors wait for aluminum maker Alcoa Inc. to provide some guidance about the economy.

Market points to modestly higer opening ahead of Alcoa earnings; world markets mixed

The stock market headed toward a modestly higher start Wednesday as investors wait for aluminum maker Alcoa Inc. to give some guidance about the economy.

Investors seek $5.4 billion worth of loans in July in federal program to spur consumer credit

WASHINGTON — Investors on Tuesday showed a smaller appetite for participating in a government program intended to spur lending to consumers and small businesses at lower rates.

Consumer borrowing falls in March at fastest pace in over 18 years, Americans saving more

WASHINGTON — Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades.

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