consumer spending

3 months ago

Target Warns of Weak Holiday Season as Middle-Class Shoppers Pull Back

Target has projected a lackluster holiday shopping season, forecasting flat sales for the year’s final quarter and lowering its profit outlook. The announcement comes alongside a modest 0.3% sales increase in its

China’s-September-Trade-Data-Disappoints-Signals-Economic-Struggles

Economy

4 months ago

China’s September Trade Data Disappoints, Signals Economic Struggles

China’s trade growth fell short of expectations in September, raising new concerns about the health of the world’s second-largest economy. Customs data released on Monday showed that exports rose by 2.4% year-on-year,

Economy

3 weeks ago

US Economy Grows 2.5% in 2024, Trump Policies Add Uncertainty

The US economy expanded 2.5% over the past year, according to Commerce Department figures released Thursday, underscoring the solid economic foundation inherited by President Donald Trump. Consumer spending remained strong, supported by

Japan’s Economy Grows 2.8% in Q4, Driven by Exports

Japan’s economy grew at an annualized rate of 2.8% in the October-December period, surpassing expectations, driven by steady exports and moderate consumption. The world’s fourth-largest economy expanded 0.7% quarter-over-quarter, marking its third

5 days ago

Economy

U.S. Producer Prices Surge as Inflation Pressures Build

Inflation Reignites as Producer Prices Climb U.S. producer prices saw a significant rise in January, reinforcing concerns that inflation is once again picking up momentum. According to the Bureau of Labor Statistics

1 week ago

Economy

PepsiCo Faces Sales Decline Amid Consumer Spending Shift

PepsiCo’s latest earnings report reveals a tough market environment as the snack and beverage giant struggles with weakening demand in the U.S., its largest market. The company missed quarterly revenue expectations and

2 weeks ago

Investing

American Express Profits Rise 12% as Consumer Spending Surges

American Express Co. reported a 12% increase in profits, fueled by higher-than-expected consumer spending during the holiday season. The company’s strong performance in the fourth quarter signals continued momentum into the new

4 weeks ago

Investing

Holiday Sales Rise Despite Economic Pressures

Holiday sales saw a solid increase this year, rising 3.8% from November through Christmas Eve, according to data from Mastercard SpendingPulse. This outpaced the 3.1% growth recorded during the same period last

2 months ago

Economy

Inflation Slows in November but Remains Above Fed’s 2% Target

Prices in November saw little movement, according to the Commerce Department’s personal consumption expenditures (PCE) price index, but inflation remains above the Federal Reserve’s 2% annual target. The report, released Friday, offers

2 months ago

Economy

U.S. Economy Grows 3.1% in Q3, Ending 2024 on a Strong Note

The U.S. economy expanded at a robust annual rate of 3.1% in the third quarter of 2024, driven by resilient consumer spending and a surge in exports, according to an upgraded estimate

2 months ago

Economy

Dow Jones Nears Historic Nine-Day Losing Streak Amid Market Shift

The Dow Jones Industrial Average faced the possibility of entering the record books on Tuesday, flirting with its first nine-day losing streak since the 1970s. The 30-stock index dropped 273 points, or

2 months ago

Markets

Inflation Edges Higher in October as Fed Weighs Interest Rate Reductions

Inflation ticked upward in October, according to the Commerce Department, offering a nuanced picture as the Federal Reserve evaluates its next moves on interest rate reductions. The personal consumption expenditures (PCE) price

3 months ago

Economy

Luxury Goods Market Faces First Slowdown in 15 Years Amid Economic Challenges

The global personal luxury goods market is set to experience its first significant slowdown in 15 years, excluding the pandemic lockdowns, as macroeconomic uncertainties and a sluggish Chinese economy impact consumer spending.

3 months ago

Economy

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consumer spending

Target Warns of Weak Holiday Season as Middle-Class Shoppers Pull Back

China’s September Trade Data Disappoints, Signals Economic Struggles

US Economy Grows 2.5% in 2024, Trump Policies Add Uncertainty

Japan’s Economy Grows 2.8% in Q4, Driven by Exports

U.S. Producer Prices Surge as Inflation Pressures Build

PepsiCo Faces Sales Decline Amid Consumer Spending Shift

American Express Profits Rise 12% as Consumer Spending Surges

Holiday Sales Rise Despite Economic Pressures

Inflation Slows in November but Remains Above Fed’s 2% Target

U.S. Economy Grows 3.1% in Q3, Ending 2024 on a Strong Note

Dow Jones Nears Historic Nine-Day Losing Streak Amid Market Shift

Inflation Edges Higher in October as Fed Weighs Interest Rate Reductions

Luxury Goods Market Faces First Slowdown in 15 Years Amid Economic Challenges

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