Mark Vitner



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Houston shoppers out in force, cautiously buying

Share Resources Sorry, your version of Flash doesn't support this video. Please download the latest version at . Houston shoppers camped out and lined up early to snag deeply-discounted items this morning.But despite the rush, shoppers seemed budget-minded and focused on practical buys as retailers touted earlier hours and markdowns to lure them into stores.A Wells Fargo report by its economists Mark...

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Fewer jobless claims, rise in consumer spending fuel optimism on recovery

... taken all together, the reports still paint picture of a slow economic recovery," said Mark Vitner, economist at .The number of people filing first-time claims for jobless aid fell by 35,000, to 466,000, the Labor Department said Wednesday. That was the fewest since September 2008. Weekly claims peaked at 674,000 in March and have since been trending lower.Some economists sounded...

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Labor Department reports drop in unemployment claims

... taken all together, the reports still paint a picture of a slow economic recovery,” said Mark Vitner, an economist at Wells Fargo.One such sign was that orders for costly manufactured goods fell unexpectedly last month. Much of October’s weakness came from a big drop for goods related to defense. Excluding those, orders for other types of manufactured goods rose slightly. Still, the...

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Wary consumers, rising unemployment snag recovery

... taken all together, the reports still paint a picture of a slow economic recovery," said Mark Vitner, an economist at Wells Fargo.One such sign was that orders for costly manufactured goods fell unexpectedly last month. Much of October's weakness came from a big drop for goods related to defense. Excluding those, orders for other types of manufactured goods rose slightly. Still, the...