Personal Finance

Washington, D.C. -- A report released Tuesday by the Conference Board said that confidence among U.S. consumers sunk to a two-year low in August, as Americans faced continued unemployment woes and worsening business and economic conditions.

The Conference Board’s index plunged to 44.5, the weakest since April 2009 and the biggest point drop since October 2008. Economists predicted the August gauge would fall to 52, according to the median forecast in a Bloomberg News survey.

YONKERS, N.Y. — Consumer Reports announced that its Index, which measures overall consumer sentiment, fell to its lowest level since December 2009 and registered its sharpest drop in two years, as recent events in Washington about the debt ceiling debate fixed attention on the weak economy.

BENTONVILLE, Ark. — Walmart announced that it has expanded check cashing and card cashing services at stores nationwide, including the ability to cash a payroll and eligible government benefits card to the penny.

The expansion includes cashing most types of pre-printed checks up to $5,000 and accepting more forms of ID for check cashing, as well as establishing Express Check Cashing check-out lanes at selected stores during peak hours, the company reported.

The nation’s retailers can hope back-to-school shoppers haven’t been paying attention to the steady dose of dire economic news facing the nation the past week, but that’s pretty unlikely considering this is the information age.

Bentonville, Ark. -- Walmart announced on Monday that it is expanding its check and card cashing services to accept more types of checks and take more forms of identification from shoppers.

Washington, D.C. -- A Tuesday report from the Commerce Department showed that consumer spending dropped 0.2% in June, to $21.9 billion.

Personal income was virtually flat for the month, increasing 0.1% to $18.7 billion, which was in line with estimates.

WASHINGTON — The National Retail Federation announced that it is urging Congress to reach an agreement and raise the debt ceiling in order to avoid default.

NRF president and CEO Matthew Shay issued the following statement:

Washington, D.C. -- A report released Thursday by the Labor Department said that jobless claims for last week dropped by 24,000 to 398,000, the fewest since April.

Initial claims from two weeks ago were revised up to 422,000 from an original reading of 418,000. Economists surveyed by MarketWatch had expected new requests for jobless benefits to fall to 413,000 in the latest week.