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Tag: consumer spending


Industries, Retail & Wholesale

Grocery Chains Fight Price Increases

May 31, 2022

Via: The Wall Street Journal

Supermarkets and distributors are pushing back on higher prices from food makers, as escalating inflation drives more consumers to rethink their spending. Kroger Co. and other grocery chains said they are asking brands to prove why higher prices are necessary […]


Industries, Retail & Wholesale

U.S. Consumers Boosted Spending in March

April 29, 2022

Via: The Wall Street Journal

Consumers spent more in March, showing American households are absorbing high inflation and are positioned to propel the economy heading into the spring and summer. Personal-consumption expenditures increased a seasonally adjusted 1.1% in March from the prior month, the Commerce […]


News

Eyes on Inflation, Shoppers Cut Back on Staples

April 4, 2022

Via: The Wall Street Journal

Household staples are no longer immune to inflation. American consumers are starting to cut costs on mainstays from toothpaste to baby formula as inflation hits a swath of the economy that had thus far proven resistant to substantial price increases. […]


Industries, Retail & Wholesale

Why Is Everything More Expensive Right Now? Let This Stuffed Giraffe Explain

August 17, 2021

Via: Time

Jani, a 4-foot plush giraffe, arrived on my doorstep in mid-July, her neck bent backwards so that she could fit in the FedEx box, her brown eyes glassy, as if still finding her bearings after a long journey at sea. […]


Industries, Retail & Wholesale

US consumers boost spending 1% as inflation remains high

July 30, 2021

Via: ABC News

American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus. At the […]


Financial Services, Industries

American Express Blasts Earnings Forecasts on Post-COVID Spending Surge

July 23, 2021

Via: TheStreet

American Express Co. (AXP) – Get Report posted stronger-than-expected second quarter earnings Friday thanks to a post-pandemic boom in consumer spending and the release of loan loss reserves. American Express said diluted earnings for the three months ending in June […]


Finance Tech, Trading

Asian shares advance as investors await US growth data

May 26, 2021

Via: ABC News

U.S. stocks edged higher in morning trading Wednesday as investors continue to monitor the economic recovery and rising inflation. The S&P 500 was up 0.2% as of 11:38 a.m. Eastern. The Dow Jones Industrial Average, which turned 125 years old, […]


Enterprise, Finance Tech, Industries, Trading

Ford’s stock hasn’t done this in 6 years, chart analyst says as Wall Street grows optimistic on consumer plays

February 23, 2021

Via: CNBC

Wall Street analysts are doubling down on their calls for a consumer spending recovery. Barclays, Credit Suisse and Wells Fargo released notes Monday highlighting their excitement about several consumer stocks, with Barclays reaffirming its positive view on TJX Companies, Credit […]


Industries, Others, Retail & Wholesale

COVID-19 vaccine prospects may already be boosting consumer spending, economy

November 30, 2020

Via: USA TODAY

Stan Novak, of Valencia, California, has been hunkering down this year amid the coronavirus pandemic, spending little beyond the bare essentials. But after a flurry of positive news reports this month about COVID-19 vaccines, Novak ventured out to department stores […]


Finance Tech, Trading

Stocks head lower on Wall Street a day after tech sell-off

September 4, 2020

Via: ABC News

NEW YORK — Stocks are falling again on Wall Street in early trading Friday, adding to the market’s losses after its biggest sell-off since June. The S&P 500 was down 1.2% after initially climbing 0.7% shortly after trading opened. Another […]


News

Eurozone economy suffers record drop during lockdown months

July 31, 2020

Via: ABC News

PARIS — The economy of the 19-country eurozone shrank by a devastating 12.1% percent in the April-June period from the quarter before – the largest drop on record – as coronavirus lockdowns shut businesses and hampered consumer spending. Economists say […]


News

US retail sales jump 7.5% in June, but economy still ails

July 16, 2020

Via: ABC News

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery. The Census Bureau reported Thursday that […]


News

Consumer sentiment slips in late June as confidence in U.S. economic policies slumps to Trump-era low

June 26, 2020

Via: Market Watch

Americans turned slightly more cautious about how quickly the economy will recover from the coronavirus in late June as confidence in Washington’s policies fell to the lowest level during the Trump presidency, according to a closely followed survey of consumer […]


News

May consumer prices fall 0.1%, the third consecutive month

June 10, 2020

Via: ABC News

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling […]


Financial Services, Industries

Bank of America CEO Brian Moynihan says U.S. economy starting to ‘come out of the hole’

May 28, 2020

Via: CNBC

The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit […]


Industries, Retail & Wholesale

Consumer confidence rises unexpectedly in May as economy reopens

May 26, 2020

Via: CNBC

Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data released Tuesday by the Conference Board. The Conference Board’s consumer confidence index rose to 86.6 this month from 85.7 in April. Economists polled by Dow […]


News

US economy grew at 2.1% rate in fourth quarter

March 26, 2020

Via: ABC News

The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact […]


Finance Tech, Trading

US stocks move broadly lower to start holiday-shortened week

December 30, 2019

Via: ABC News

NEW YORK — Stocks moved broadly lower on Wall Street in midday trading Monday as the market gave back some of its recent gains following a record-setting run. The benchmark S&P 500 index has risen five straight weeks, notching multiple […]


Industries, Retail & Wholesale

Is the U.S. Consumer ‘Wavering’? Slowing Retail Sales Are a Warning Sign That the Economy May Be in Trouble

October 17, 2019

Via: Fortune

If the U.S. economy has a hero in 2019, it’s the American consumer. Amid a global slowdown and bearish forecasts of a U.S. recession, bulls have consistently pointed to robust consumer spending as a strong trend that can shore up […]


News

US economy grew at a moderate 2% annual rate last quarter

August 29, 2019

Via: ABC News

The U.S. economy grew more slowly in the spring, and many economists think the slowdown will continue and perhaps complicate President Donald Trump’s hopes that a surging economy enhance his 2020 re-election hopes. The gross domestic product, the broadest gauge […]