Browsing: Consumer Spending
‘The lower income consumer in the U.S. is stretched’: Pepsi’s CEO isn’t the only executive worried about the economy
Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S.…
The Buy Now, Pay Later trend has been jet fuel for online shopping, new Adobe report reveals—and it’s only expected to surge
Americans are continuing their post-pandemic online spending spree in 2024, despite the pain of stubborn inflation and interest rates at…
The U.S. economy is actually a ‘wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says
The first-quarter GDP report showed so much deceleration and missed estimates by such a wide margin that stagflation fears are…
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but…
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Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged…
‘Consumers are more powerful than President Biden’: The war on greedflation is being won one private-label brand at a time
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed…
Walmart ended its fiscal year with strong sales numbers but joined a chorus of large direct-to-consumer businesses in warning that…
CEO of a $19 billion UK bank with business in Hong Kong since the Victorian age sees a ‘lack of confidence’ unraveling China’s economy
China’s struggling economy is down to a crisis of confidence. Take it from the head of Standard Chartered, the $19…
Hermès looks to raise prices as wealthy shoppers continue splurging on Birkin and Kelly bags, driving sales up 21% last year
It’s been tricky to get a read on how luxury spenders have been thinking lately—sales slowed for the likes of…