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UK consumer spending softens in April, surveys show By Reuters
Investing.com· 7 hours agoBarclays said annual growth in consumer spending on its payment cards slowed to 1.6% in April, its...
Japan's service activity extends gains on solid demand, PMI shows
Reuters via Yahoo Finance· 6 hours 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 ...
FIS raises annual profit forecast on strong consumer spending By Reuters
Investing.com· 9 hours agoPayment processors such as FIS collect transaction fees from financial institutions and businesses...
Starbucks sales are slumping. Is it a bellwether for the economy?
ABC News via Yahoo Finance· 6 hours agoStarbucks shares have plummeted more than 17% in value since the company revealed a sales slump in...
How Should You Play Affirm (AFRM) Ahead of Q3 Earnings?
Zacks via Yahoo Finance· 12 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· 16 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· 1 day 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· 16 hours agoThe weak GDP figure for the first quarter came with a double negative: poor consumer spending and...
‘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...
How does the labor market affect inflation?
Yahoo Personal Finance· 9 hours agoBut the Fed walks a delicate tightrope when it hikes interest rates. In response to a drop in consumer demand, businesses may reduce hiring, causing the...