consumer spending

May 30, 2025

US Inflation Shows Minimal Change Amid Tariff Uncertainty

In April, inflation remained largely unchanged as the effects of President Donald Trump’s newly implemented tariffs had yet to show up in consumer prices, according to a report from the U.S. Commerce

July 4, 2025

Markets Rise but Risks Linger as Tariff Deadline Nears

Trump’s trade blitz jolts stocks, spending, and sentiment After launching a wave of tariffs earlier this year, President Donald Trump has temporarily paused his most aggressive trade measures, giving global markets a

April 25, 2025

Canadian Retail Sales Drop in February

Canadian retail sales experienced a 0.4% decline in February compared to January, totaling C$69.33 billion ($49.95 billion), according to Statistics Canada. The decrease was largely driven by lower sales at motor vehicle

US GDP Revised Up, Signals Continued Economic Strength

by Jamie Spencer

Second-quarter growth jumps to 3.8% on strong consumer spending The United States economy grew more than previously reported in the second quarter, as the Commerce Department’s final estimate showed GDP expanding at

September 25, 2025

Inflation Rises Again as Tariffs Take Effect

by Jamie Spencer

Core inflation hits highest level since February Inflation in the United States continued to climb in July, according to the Federal Reserve’s preferred gauge. The core personal consumption expenditures (PCE) index, which

August 29, 2025

Retail Sales Slip as Tariff Impacts Cloud Outlook

by Jamie Spencer

Consumer Spending Weakens After March Surge U.S. retail sales fell 0.9% in May, marking the steepest monthly drop since January and signaling a slowdown in consumer activity. The decline was largely driven

June 17, 2025

Australia’s Economic Growth Slows, Rate Cuts Likely Ahead

by Jamie Spencer

Australia’s economy showed only minimal growth in the first quarter of 2025, highlighting the country’s ongoing economic struggles. Consumer spending remained subdued, and government expenditure, which had previously been a driving force,

June 4, 2025

Abercrombie Shares Surge Despite Profit Outlook Cut

by Jamie Spencer

Shares of Abercrombie & Fitch soared on Wednesday, even as the retailer slashed its profit outlook due to the impact of tariffs, which are expected to cost the company $50 million. Despite

May 28, 2025

UK Economy Surprises with 0.7% Growth, But Challenges Ahead

by Jamie Spencer

Britain’s economy grew more strongly than expected in early 2025, giving a boost to the government and finance minister Rachel Reeves. However, she faces tougher challenges ahead due to her tax hike

May 15, 2025

Rising Tariffs Hit U.S. Shoppers on Temu and Shein

by Jamie Spencer

Consumers are feeling the pinch as U.S. tariffs imposed by President Donald Trump on Chinese goods are pushing up prices on popular e-commerce platforms like Temu and Shein. Rena Scott, a retired

April 30, 2025

The Economic Impact of Tariffs and the Likely Recession

by Jamie Spencer

The economic consequences of tariffs imposed by the Trump administration are expected to become apparent to everyday Americans soon, with a potential recession on the horizon for this summer, according to Apollo

April 28, 2025

US Consumer Sentiment Dips Amid Ongoing Tariff Uncertainty

by Jamie Spencer

US consumer sentiment in April has dropped to its fourth-lowest level since records began in 1952, reflecting mounting concerns over rising inflation and trade policy uncertainty. According to the latest survey from

April 25, 2025

U.S. Growth Hits 2.4%, But Tariffs Threaten Outlook

by Jamie Spencer

Year-end consumer spending fuels fourth-quarter GDP The U.S. economy expanded at a 2.4% annualized rate in the final quarter of 2024, according to revised data from the Commerce Department released Thursday. The

March 27, 2025

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