U.S. consumers spent less in July at retail locations across the - TopicsExpress

U.S. consumers spent less in July at retail locations across the nation as the economy lost some economic momentum headed into the third quarter. The Mortgage Bankers Association (MBA) reported on Wednesday that total home loan applications fell by 2.7% in the latest week. Popular retailer Macys reported on Wednesday that second quarter sales were not enough to make up for the dismal numbers in the first quarter, when the severe winter weather kept shoppers away from stores.

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