Latest in American Consumers
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FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - November 11 -
Home Depot’s sales are improving, but it says consumers are still cautious about spending
Home Depot is mired in a sales slump as homeowners put off major projects.Business - CNBC - November 12 -
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Neon raises $14M to build direct-to-consumer stores for games
Neon has raised $14 million in funding to build its direct-to-consumer digital store platform to help make game companies more independent.Tech - VentureBeat - November 12 -
Reeves seeks reform of UK consumer redress in financial services sector
Chancellor considers overhaul as lenders face potential multibillion-pound bill for alleged mis-selling of car financeBusiness - Financial Times - November 13 -
Japan's economy grows for a second straight quarter on the back of consumer spending
Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held upWorld - ABC News - November 14 -
Play Ventures raises $140M second fund to invest in games and consumer startups
Play Ventures, a global venture capital firm specializing in early-stage gaming, has raised $140 million for its third gaming fund.Tech - VentureBeat - November 18 -
Japan’s beef bowl economy shows consumer resilience as prices rise
Increases at fast food outlets and restaurants are not deterring locals from dining outWorld - Financial Times - November 19 -
Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
Jim Cramer also named other companies seeing success despite a tough consumer landscape, including Costco, TJX, Chili's-parent Brinker and Texas Roadhouse.Business - CNBC - November 20 -
UK consumer confidence recovers from pre-Budget dip
GfK index rose three points in November as lower interest rates and higher wages help ease financial concernsBusiness - Financial Times - 6 days ago -
Election leaves U.S. consumer sentiment frozen. Republicans are excited, Democrats dispirited.
A burst of confidence among Republicans after Donald Trump’s victory in the presidential election was offset by dashed hopes among Democrats, leaving consumer sentiment barely changed near the end ...Business - MarketWatch - 5 days ago -
Donald Trump’s ‘hush money’ sentencing indefinitely postponed
New York judge was due to sentence the president-elect next week in the only criminal case against him to go to trialBusiness - Financial Times - 5 days ago -
‘There was so much promise’: How Northvolt tumbled into bankruptcy
Battery champion became a symbol of Europe’s ambitions and then its failings on its way to Chapter 11 proceedingsBusiness - Financial Times - 5 days ago -
How long will Trump’s honeymoon with the stock market last?
Equities investors seem unfazed by the risk that tariffs and tax cuts will push up inflation and deficits. But fears are risingBusiness - Financial Times - 5 days ago -
Best Buy says Trump tariffs could force it to raise consumer prices
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.Top stories - CBS News - Yesterday -
US economy grows at 2.8% pace in third quarter on consumer spending
The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its ...Top stories - ABC News - 16 hours ago -
Consumer spending climbs ahead of holidays. Households far from tapped out.
Consumer spending rose at a healthy pace in October and fueled a U.S. economic expansion that shows no sign of slowing in the waning months of 2024.Business - MarketWatch - 16 hours ago -
Elon Musk Wants to ‘Delete’ the Consumer Financial Protection Bureau
Musk posted “Delete CFPB. There are too many duplicative regulatory agencies,” on X.Business - Inc. - 5 hours ago -
Americans go to the polls
Plus, Fed and BoE rate-setting meetings, Hungary’s informal EU summit and the Berlin Wall anniversaryWorld - Financial Times - November 3 -
A guide to an American dynasty
Here's what you need to know about the Trump family.Top stories - BBC News - November 6 -
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The Great American Microchip Mobilization
Under Donald Trump and Joe Biden alike, the US has been determined to “reshore” chipmaking. Now money and colossal infrastructure are flowing to a vast Intel site in Ohio—just as the company may be ...Tech - Wired - November 14 -
Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers
Donald Trump has proposed universal tariffs, which Vice President Kamala Harris attacked, calling the proposal a "Trump sales tax" on American consumers.Business - CNBC - October 30 -
Yum Brands’ earnings fall short of estimates as Pizza Hut parent says consumers are still pressured
Only Taco Bell managed same-store sales gains.Business - MarketWatch - November 5 -
Six Flags’ revenue beats as theme-park operator says consumers flocked to its parks in October
Six Flags Entertainment Corp.’s stock rose 2.9% early Wednesday, after the theme-park operator’s third-quarter revenue beat consensus estimates and it said strong consumer demand continued through ...Business - MarketWatch - November 6 -
Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer
Pizza chain says it’s still operating in a challenging consumer environment.Business - MarketWatch - November 7 -
How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor
Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.Business - MarketWatch - November 8 -
Too many wild deer are roaming England's forests. Can promoting venison to consumers help?
There are now more deer in England than at any other time in the last 1,000 yearsWorld - ABC News - November 12 -
Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'
Live Nation CEO Michael Rapino explained that the nature of live music keeps it in demand.Business - CNBC - November 12 -
Consumer prices up 0.2 percent in October, 2.6 percent over past year
Consumer prices rose 0.2 percent in October and 2.6 percent over the previous 12 months as inflation slowly but surely returns to pre-pandemic norms, according to new Labor Department data released ...Politics - The Hill - November 13 -
Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.Business - CNBC - November 15 -
Pop-Tarts Bowl MVP will have choice of 3 edible mascots for winning team to consume, send to 'mouth heaven'
Last year's game was a viral success. This season will look to up the absurdity.Sports - Yahoo Sports - November 18 -
Student loan servicers are pulling incorrect payments from borrowers' bank accounts, consumer protection bureau says
Lenders often encourage federal student loan borrowers to sign up for automatic payments. But a new report shows the decision can backfire.Business - CNBC - November 19 -
Delta Air Lines sees opportunity in the ‘premium consumer’ as it lays out long-term financial targets
Delta Air Lines Inc. on Wednesday said it sees an opportunity to tap into affluent travelers as it laid out its long-term goals the next three-to-five years.Business - MarketWatch - November 20