personal income

Stocks slipped Friday morning as oil prices spiked and a report showing a big drop in personal income raised worries about a bigger consumer spending slowdown.

Personal income fell in July by the biggest drop in 3 years after surging the prior two months because of $90 billion in economic stimulus payments.

Personal income in Lawrence grew slightly last year, but not enough to keep the city from dropping further in the per capita rankings of the nation’s metropolitan areas.

Personal income rose slightly in June after surging in May when the first wave of stimulus checks arrived, the government reported Monday.

Stocks erased losses, with investors taking tentative steps back after the previous session's battering, as fears about record oil prices were tempered by reports showing a rise in personal income and spending.

Personal income surged in May as the government's stimulus payment plan to jump-start the economy took effect, according to a report released Friday.

Stocks struggled higher Friday morning as investors welcomed Dell's improved earnings and a bigger-than-expected rise in personal income, but held back amid rising oil and gas prices.

Stocks struggled to hold on to gains Friday morning as investors welcomed a report showing a rise in personal income and tame inflation, but remained wary of the economic outlook.