Consumer Backdrop - QuikReader

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 - 2 days ago

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 - 2 days ago

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 - Yesterday

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.

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. - Yesterday

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health

Business - Financial Times - Yesterday

DoorDash keeps investing in expansion, as more consumers use platform in third quarter

DoorDash Inc. on Wednesday reported third-quarter results and a fourth-quarter demand outlook that topped expectations, as the company continues to invest in expansion and improving service.

Business - MarketWatch - Yesterday

Regulator Sues Singtel's Optus Over Alleged Misconduct Involving Vulnerable Consumers

Australia’s competition watchdog has filed proceedings against Singtel’s subsidiary, Optus Mobile, alleging what it called “unconscionable” conduct in dealings with some consumers.

Business - The Wall Street Journal - 17 hours ago

Uber shares slide on slowing bookings growth

Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimates

Business - Financial Times - 8 hours ago

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 - 9 hours ago

Western consumer groups unconvinced by China’s economic stimulus efforts

Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidence

Business - Financial Times - 6 hours ago

Here’s when consumers might finally stop wincing at higher prices, according to Fed’s Daly

The Fed has recently focused more on stability in the job market. But inflation still weighs heavily on the minds of consumers, the San Francisco Fed President says.

Business - MarketWatch - October 16

Sanofi Enters Exclusive Talks With CD&R Over Consumer Business Stake Sale

Sanofi moved ahead with a plan to sell a controlling stake in its consumer-healthcare unit Opella to Clayton Dubilier & Rice, entering exclusive talks for a deal that values the business at $17.4 ...

Business - The Wall Street Journal - October 21

Harley-Davidson’s stock falls as motorbike maker lowers guidance to reflect still-pressured consumer

Harley-Davidson’s stock was down Thursday, after the iconic motorbike maker topped estimates for the third quarter despite steep declines in profit and revenue, but lowered its full-year guidance ...

Business - MarketWatch - October 24

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 - 6 days ago

These 5 Data Points Can Help Retailers Keep Pace With Shifting Consumer Demands

A consulting firm’s survey finds shoppers expect online and in-store price consistency, increased product availability in shops, and fast and free delivery.

Business - Inc. - 6 days ago

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.