U.S. Consumer Spending Little Changed as Income Gains Cool

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U.S. Consumer Spending Little Changed as Income Gains Cool

Consumer spending was little changed in August as income growth cooled, pointing to a softening in consumption after a run of strong gains.
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Most Read on Bloomberg: Deutsche Bank Turmoil, Clinton and Trump

The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Oct. 1. See READSUMS for previous lists.
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State Spending Keeps China's Industrial Sector Humming in September

BEIJING—Activity in China's crucial industrial sector appeared to stabilize last month, with an official index on manufacturing holding steady, buoyed by state spending on infrastructure.
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Chinese billionaire Wang Jianlin makes aggressive moves in Hollywood

China's richest man, Wang Jianlin, has been on a buying spree in Hollywood. His media conglomerate, Dalian Wanda Group, has aggressively expanded into the U.S.
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Silly Baby Panda Falls Flat on Its Face During Public Debut of 23 Giant Panda Cubs in China

A group of baby pandas made their public debut at the Chengdu Research Base of Giant Panda Breeding in Chengdu, China, on Thursday.
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