Discretionary spending

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 - 1:06 pm
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 - 8:48 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 11, 2020 - 12:50 am
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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January 08, 2020 - 8:47 pm
ATLANTA (AP) — The holiday season is over but Atlanta Hawks point guard Trae Young still had some charity gift giving in mind: wiping out medical debt for hundreds of the city's residents. The 21-year-old star donated $10,000 to a medical debt erasure agency which relieved over $1 million in debt...
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FILE - In this Tuesday, Nov. 5, 2019 file photo shoppers browse the Holiday Lane section at the Macy's flagship store, in New York. Macy's is closing nearly 30 stores in coming weeks, though the company reported some improvement in comparable-stores sales during the crucial holiday shopping season. Macy's sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated. Shares rose more than 2% in early trading Wednesday, Jan. 8, 2020. (AP Photo/Richard Drew, File)
January 08, 2020 - 2:50 pm
NEW YORK (AP) — Macy's is closing 29 stores in coming weeks despite the company reporting some improvement in comparable-stores sales during the crucial holiday shopping season. In an email to The Associated Press, the Cincinnati-based retailer said the store closures include 28 Macy’s locations...
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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 - 3:40 pm
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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FILE - In this Nov. 26, 2019, file photo Nick Bierman looks at televisions while shopping ahead of Black Friday at a Best Buy in Henderson, Nev. Holiday shopping doesn't end with Christmas. Bargain hunters can take advantage of fatter discounts on clothing, home decor and other items between Christmas and well into January. (AP Photo/John Locher, File)
December 24, 2019 - 11:07 am
NEW YORK (AP) — Holiday shopping doesn’t end with Christmas. Shoppers can take advantage of fatter discounts on clothing, home decor and other items between Christmas and well into January. In fact, a National Retail Federation survey of nearly 8,000 adults conducted Nov. 27 through Dec. 5 found...
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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 - 9:40 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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FILE - In this Friday, Nov. 29, 2019 file photo, customers walk outside of a Kohl's store in Colma, Calif. Even though the holiday season is winding down, you can still get a good bargain. Go to stores in person to avoid costly online shipping fees and shop Super Saturday sales at major retailers, among other strategies. (AP Photo/Jeff Chiu, File)
December 10, 2019 - 10:38 am
Check the calendar. No, this isn’t a dream. It really is December, and Christmas Day is staring you straight in the face. And if you celebrate Hanukkah, it’s coming even sooner. Where did the holiday season go? Well, no time to reminisce now. It’s down to the wire, but there are still methods to...
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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 - 3:31 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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