Industries, Retail & Wholesale
May 31, 2022
Via: The Wall Street JournalSupermarkets 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
April 29, 2022
Via: The Wall Street JournalConsumers 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 […]
April 4, 2022
Via: The Wall Street JournalHousehold 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
August 17, 2021
Via: TimeJani, 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
July 30, 2021
Via: ABC NewsAmerican 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
July 23, 2021
Via: TheStreetAmerican 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 […]
May 26, 2021
Via: ABC NewsU.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
February 23, 2021
Via: CNBCWall 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
November 30, 2020
Via: USA TODAYStan 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 […]
September 4, 2020
Via: ABC NewsNEW 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 […]
July 31, 2020
Via: ABC NewsPARIS — 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 […]
July 16, 2020
Via: ABC NewsBALTIMORE — 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 […]
June 26, 2020
Via: Market WatchAmericans 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 […]
June 10, 2020
Via: ABC NewsWASHINGTON — 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
May 28, 2020
Via: CNBCThe 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
May 26, 2020
Via: CNBCConsumer 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 […]
March 26, 2020
Via: ABC NewsThe 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 […]
December 30, 2019
Via: ABC NewsNEW 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
October 17, 2019
Via: FortuneIf 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 […]
August 29, 2019
Via: ABC NewsThe 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 […]