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Starbucks sales are slumping. Is it a bellwether for the economy?
ABC News via Yahoo Finance· 50 minutes agoStarbucks shares have plummeted more than 17% in value since the company revealed a sales slump in...
Japan's service activity extends gains on solid demand, PMI shows
Reuters via Yahoo Finance· 48 minutes agoJapanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed ...
UK consumer spending softens in April, surveys show
WSAU Wausau· 2 hours ago(Reuters) - British consumers kept a tight rein on their spending last month, according to surveys on Tuesday that showed tepid activity even after...
FIS raises annual profit forecast on strong consumer spending
Reuters via Yahoo Finance· 4 hours agoBanking and payments processing conglomerate Fidelity National Information Services raised its forecast for annual adjusted profit and posted a 49% jump in its first-quarter profit on Monday ...
How Should You Play Affirm (AFRM) Ahead of Q3 Earnings?
Zacks via Yahoo Finance· 7 hours agoAccording to a report by Adobe Analytics, BNPL services drove online spending in November 2023,...
Today's 30-year mortgage rates fall, while 15-year terms hold steady | May 6, 2024
FOX Business· 12 hours agoThe interest rate on a 30-year fixed-rate mortgage is 7.125% as of May 6, which is 0.250 percentage...
Retailers jacked up prices and squeezed consumers. They might have just blinked
CNN Business via Yahoo Finance· 24 hours agoRetailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken...
Get Ready for Weaker Growth and Higher Inflation. The Consensus Was Wrong.
Ludwig von Mises Institute· 11 hours agoThe weak GDP figure for the first quarter came with a double negative: poor consumer spending and...
The High Cost of Low Interest Rates: Are You Really Saving Money?
GOBankingRates via Yahoo Finance· 7 hours agoThe Federal Reserve failed to cut interest rates in the latter half of 2023 -- in fact, they're...
‘Robust’ Consumer Spending Defies Inflation and Interest Rates
Barrons.com· 5 days agoConsumer spending has remained “robust” over the past several quarters, Federal Reserve Chair Jerome...