Personal income increased 0.6%, or $ 147.4 billion, in October, the Commerce Department said today. The personal savings rate — a percentage of disposable personal income — was 4.4%. Meanwhile, personal consumption expenditures increased 0.4%, or $72.3 billion.
Treasury sanctions Southeast Asian centers involved in alleged cyber scams
OFAC implemented sanctions against a network of alleged Southeast Asian scam centers that steal billions of dollars from U.S. residents using forced labor and violence.