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Americans have spent their savings. Economists worry about what comes next
CNN Business via Yahoo Finance· 4 hours agoThat means many Americans have more debt than savings and suggests “that American households fully...
UK consumer spending softens in April, surveys show By Reuters
Investing.com· 16 hours agoBarclays said annual growth in consumer spending on its payment cards slowed to 1.6% in April, its...
Subdued Retail Demand Persists Throughout Los Angeles
REBusinessOnline.com· 4 hours agoWhile consumer preferences further evolved in 2022 and 2023, there has been a noticeable slowdown in...
Japan's service activity extends gains on solid demand, PMI shows
Reuters via Yahoo Finance· 15 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
Reuters via Yahoo Finance· 18 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 ...
Starbucks sales are slumping. Is it a bellwether for the economy?
ABC News via Yahoo Finance· 15 hours agoStarbucks shares have plummeted more than 17% in value since the company revealed a sales slump in...
Mastercard Says Consumer Spending Is Healthy, Clocks 10% Revenue Growth In Q1
Benzinga via AOL· 6 days agoMastercard Inc. (NYSE: MA) reported fiscal first-quarter net revenues of $6.35 billion, up 10% year...
Card payments in Taiwan to grow by 14% in 2024, forecasts GlobalData
Electronic Payments via Yahoo Finance· 4 hours agoCard payments are on the rise, driven by a rising banked population, government and bank initiatives...
Froot Loops maker WK Kellogg beats revenue estimates on higher prices
Reuters via Yahoo Finance· 2 hours agoLike other major brands in the packaged food market, the spun-off North American cereal business of...
Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says
Fortune· 20 hours agoThe reserves are widely thought to have helped the US economy continually defy forecasters’ expectations for a downturn, even as the Fed implemented a historically rapid interest-rate hiking ...