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Consumer spending

Wealthier Americans are driving retail spending and powering US economy

WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores...

Wealthier Americans are driving retail spending and powering US economy

WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores...

Troubled retailers face a Halloween crunch with consumers spending less

(Bloomberg) — A predicted slide in Halloween consumption is the latest blow for heavily-indebted retailers battling mounting overheads and the trend of consumers trading...

The 3 biggest themes investors are watching for as earnings season kicks off

PepsiCo and major banks like JPMorgan and Wells Fargo will kick off earnings season next week.Investors expect S&P 500 earnings growth of 4.6% as...

Gen X was supposed to be the economy’s safety net—now they’re the ‘struggling middle child’ balancing retirement and paying for adult children

Gen X was meant to be the dependable consumer—the reliable generation firmly on the property ladder, preparing to inherit trillions from their boomer and...

Jobs report is likely to show another month of modest but steady hiring gains

WASHINGTON (AP) — The U.S. labor market is still reliably cranking out jobs each month, enough to give Americans the confidence and paychecks to...

US economy grew at a solid 3% rate last quarter, government says in final estimate

WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business...

US economic growth, corporate profits revised higher in 2023

By Lucia MutikaniWASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite...

Analysis-Brazil’s online gambling craze may be hitting consumer spending

By Lisandra Paraguassu and Anthony BoadleBRASILIA (Reuters) - Soccer-mad Brazilians have fallen hard for online sports betting, yielding a boom of interest from foreign...

Halloween shoppers hunt for early deals while total spending eases, survey shows

(Reuters) - Consumers started shopping for Halloween decor and costumes well before October this year, taking advantage of special events, even though overall spending...

Column-Record US household wealth may increase chance of soft landing: McGeever

By Jamie McGeeverORLANDO, Florida (Reuters) - As the Fed prepares to cut interest rates, U.S. households are sitting on their largest accumulation of net...

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