Dr. Martens’ profit warning highlights U.S. consumer confidence challenge

U.S. consumer confidence surges in October to highest level in nine months

The U.S. consumer-confidence index surged to 108.7 in October from a revised 99.2 reading in the prior month, the Conference Board said Tuesday. This is highest level of confidence since January.

Business - MarketWatch - October 29

Here’s Why U.S. Consumer Confidence is Climbing Ahead of Election Day

The Conference Board’s monthly report says its index notched the largest gain since March 2021.

Business - Inc. - October 30

Supreme Court Won’t Hear Challenge to Job Protections at U.S. Consumer Watchdog

The conservative court declined to take a case that could have led to the weakening of limits on a president’s power to fire some federal agency leaders.

Business - Inc. - October 22

Marks & Spencer Beats Profit Views, Warns of Persistent Challenges

Marks & Spencer reported profit ahead of expectations for the first half of fiscal 2025, but warned that the uncertain consumer backdrop is expected to remain in the rest of the year.

Business - The Wall Street Journal - 6 days ago

Consumer confidence surges ahead of election

American consumers are feeling more confident ahead of Election Day, but they’re still not as confident as they were before the pandemic, according to a new survey from The Conference Board, a ...

Politics - The Hill - October 29

UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Business - MarketWatch - October 30

UK consumer and business confidence weaken ahead of Budget

Indices hit lowest levels this year as Britons ‘hold their breath’ for tax rises on October 30

Business - Financial Times - October 24

College football Week 9 TL;DR: Dillon Gabriel's march on record books highlights bite-sized recap

The most important scores and stats to know from Week 9's college football slate

Sports - CBS Sports - October 27

FirstFT: Partner pay at US law firms hits record levels

Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programme

World - Financial Times - October 25

UK consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live

People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK. Budget will reverse huge cuts in UK’s public investment, Reeves confirms Fewer ...

World - The Guardian - October 25

Consumer confidence surges as election nears, while job openings move lower

Consumers grew more optimistic heading into the contentious presidential election even as job openings hit multiyear lows.

Business - CNBC - October 29

Consumer confidence surges to record high ahead of Election Day

During the final weeks of the 2024 presidential campaign, consumer confidence has surged to the highest level in three years, but inflation remains a major concern for families. NBC’s Christine ...

Politics - NBC News - October 30

Norwegian Cruise Line seeing strong demand, as consumers show ‘health and confidence’

Norwegian Cruise Line’s stock rallies toward a three-year high after an “impressive” quarterly performance and amid continued “robust” demand.

Business - MarketWatch - October 31

Supreme Court won't hear challenge to Consumer Product Safety Commission

The dispute raised separation of powers concerns arising from the president's ability to remove members of the Consumer Product Safety Commission.

Supreme Court turns away challenge to consumer safety agency’s structure

The Supreme Court announced Monday it won’t take up a case that could have delivered another blow to federal agencies. Two conservative groups sought to challenge the structure of the Consumer ...

Politics - The Hill - October 21

Why U.S. Economic Health Depends on Wealthy Consumers

Affluent Americans are driving retail spending, which could sustain healthy growth for the next year.

Business - Inc. - October 18

China consumer slowdown weighs on U.S. earnings again

From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.

Business - CNBC - November 5

Consumer sentiment hits 6-month high as Republicans grow confident in Trump win

Growing confidence among Republicans in a victory for Donald Trump helped push a survey of consumer sentiment to a six-month high less than two weeks before the U.S. presidential election.

Business - MarketWatch - October 25

France warns it could block €15.5bn Sanofi consumer health deal

Proposed sale of controlling stake to US private equity group has sparked backlash in country

Business - Financial Times - October 15

Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges

Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...

Business - MarketWatch - October 17

How the U.S. Is Trying to Challenge China's Cobalt Chokehold

Talks over mining company Chemaf in Congo are part of a push by the Biden administration to secure global supplies of a metal used in everything from jet fighters and drones to electric-vehicle ...

World - The Wall Street Journal - October 15

Kering warns on profit as Gucci sales plunge

French luxury group grapples with turnaround at its biggest brand as demand dips in Asia

Business - Financial Times - October 24

U.S. economy grew 2.8% last quarter, powered by consumer spending

Consumer confidence soared in October, signaling that Americans may continue to open their wallets.

Budget poses new challenge for UK public finances, Moody’s warns

Assessment from rating agency comes as gilts steady after sell-off sparked by scale of extra borrowing

Business - Financial Times - November 1

The next U.S. president could inherit a booming economy. That's a daunting challenge.

Vice President Kamala Harris and Donald Trump both made the economy a focus of their campaign platforms since voters rank it a top priority.

Business - CNBC - November 2

The challenges facing former military members as the U.S. observes Veterans Day

The U.S. is honoring those who served in the armed forces Monday in observance of Veterans Day. Shad Meshad, president & founder of the National Veterans Foundation, joined CBS News to discuss some ...

Dentists are pulling treatable teeth to profit from implants, experts warn

Americans are getting dental implants more than ever — and at costs reaching tens of thousands of dollars. Experts worry some dentists have lost sight of the soul of dentistry: preserving and ...

Apple warns future products may never be as profitable as iPhone

Analysts say artificial intelligence and virtual reality headsets might have lower margins than smartphones and App Store

Business - Financial Times - November 5

Vistry shares plunge as cost overruns hit profits

UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costs

Business - Financial Times - 4 days ago

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

Business - CNBC - October 29

How a U.S. sovereign wealth fund could help Americans and challenge China’s global influence

Direct investment in long-term international development projects could boost Americans’ well-being for generations

Business - MarketWatch - October 26

Allies Fret Over Trump Win as Authoritarian Rivals Challenge U.S.-Led Order

With Donald Trump’s support for European security very much in doubt, the bloc faces a test of whether it will have the political will to protect its future.

World - The Wall Street Journal - 6 days ago

Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes

The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.

Business - The Wall Street Journal - October 23

Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.