You are here

Falling oil prices = merrier X'mas

The US economy will receive a multibillion-dollar boost through the holiday season and into next year as Americans consumers get to spend more.

PUMP SAVINGS: Barclays says the extra cash in US shoppers' wallets could help generate nearly half a percentage point in added economic growth in the fourth quarter.

New York

AMERICAN consumers are going to enjoy a more bountiful Christmas this year, thanks in part to a most unlikely source: Saudi Arabia.

The steepening drop in gasoline prices in recent weeks - spurred by soaring domestic energy production and Saudi discounts for crude oil at a