consumer spending - Page 3

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

PepsiCo Faces Sales Decline Amid Consumer Spending Shift

by Jamie Spencer

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

February 4, 2025

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

by Jamie Spencer

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

January 30, 2025

American Express Profits Rise 12% as Consumer Spending Surges

by Jamie Spencer

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

January 24, 2025

Holiday Sales Rise Despite Economic Pressures

by Jamie Spencer

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

December 26, 2024

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

by Jamie Spencer

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

December 20, 2024

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

by Jamie Spencer

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

December 19, 2024

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

by Jamie Spencer

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

December 17, 2024

Inflation Edges Higher in October as Fed Weighs Interest Rate Reductions

by Jamie Spencer

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

November 28, 2024

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

by Jamie Spencer

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

November 20, 2024

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

by Jamie Spencer

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.

November 13, 2024

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