Consumers Continue - QuikReader

FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result

World - Financial Times - October 31

Target CEO says ‘consumers continue to spend cautiously’ amid triple-miss earnings report

Target’s stock is set to suffer worst day in more than two years after profit, revenue, comparable sales and outlook all came in below expectations.

Business - MarketWatch - 3 days ago

The US consumer is fine (but no better)

Aggregates conceal a lot

World - Financial Times - 4 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

Carlsberg Misses Sales Expectations on Weak Consumer Backdrop

The Copenhagen-based brewer didn’t meet revenue and sales volumes expectations due to a poor performance in China and other countries, but reiterated its full-year guidance.

Business - The Wall Street Journal - October 31

Consumers are anxious ahead of the election. Corporate America is feeling it

Like it or not, there’s an election on Tuesday. Voters are stressed. And to at least a small degree, so are corporations.

Business - MarketWatch - November 3

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

The thought of a Trump presidency is eating me alive | Francine Prose

I look the way people do outside the intensive care unit, as they wait to learn whether a friend will survive. Our friend, in this case, is democracy. US election 2024 – live news updates US ...

World - The Guardian - November 6

Clashes, confusion and secrecy consume the Harris campaign's finances

If Kamala Harris' campaign was known for anything, it was its blockbuster fundraising.

JD.com Profit, Revenue Rise as Consumer Sentiment Improves

The Chinese e-commerce giant reported higher profit and revenue in the third quarter despite fierce competition from Alibaba and PDD Holdings.

Business - The Wall Street Journal - November 14

Consumer watchdog to oversee digital wallets, payment apps

Large companies that offer digital wallets and payment apps will now be overseen by the Consumer Financial Protection Bureau (CFPB). The CFPB finalized a rule Thursday to bring companies handling ...

Politics - The Hill - 2 days ago

Consumer Sentiment Climbs as Trump Backers’ Confidence Surges

The post-election partisan flip pushed the University of Michigan’s Consumer Sentiment Index to its highest level since April.

Business - Inc. - Yesterday

10-year Treasury yield ends with biggest six-week climb in a year as consumer sentiment rises

U.S. government debt sold off on Friday, giving the 10-year yield its biggest six-week advance in about a year, after data showed consumer sentiment rose this month.

Business - MarketWatch - October 25

Court of Appeal sides with UK consumers over ‘secret’ car loan commissions

Close Brothers shares plummet after landmark ruling that puts sector at risk of redress

Business - Financial Times - October 25

Indonesia’s iPhone 16 ban will hurt consumers more than Apple

Government decision to block sale of latest iPhone is far from disastrous for tech group

World - Financial Times - October 28

Consumer report shows companies are failing to protect from robocalls, texts

A new report says many phone companies are not doing enough to protect people from robocalls and texts. A consumer watchdog group says more than half of them have not fulfilled all of the ...

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

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

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. - October 30

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 - October 30

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 - October 31

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 - October 31

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 - October 31

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

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 - October 31

Labour’s home insulation pledge in doubt, say consumer rights groups

Campaigners warn Budget pledge falls far short of manifesto promise to support energy efficiency

World - Financial Times - November 1

Some consumers say a kratom drink's marketing led to an addiction

Jasmine Adeoye, an account manager based in Austin, Texas, said she became addicted to kratom drink "Feel Free Classic," after she sought an alcohol alternative.

Move over Black Friday: Consumer interest in 'Travel Tuesday' soars

Search interest for "Travel Tuesday" rose more than 500% over the last two years, according to a report published Thursday by McKinsey & Company.

Business - CNBC - November 4

Why this week is so crucial for American consumers — and it’s not just the election

American consumers are facing a momentous week, with the outcome of two key events set to shape their financial futures.

Business - MarketWatch - November 5

How Distributors’ Fees Cost Consumers and Small Food Companies Dearly

A tussle between big food manufacturers, grocery chains, and distributors for narrow profit margins squeezes the small producers caught in the middle.

Business - Inc. - November 5

Trump's proposed tariffs could raise prices for consumers and slow spending

President-elect Donald Trump has proposed stiff tariffs on imported goods, which could lead to higher prices and softer spending.

Business - CNBC - November 6

Americans are most optimistic about the economy since 2021, consumer sentiment shows

Growing optimism about how the economy will perform in 2025 pushed a survey of consumer sentiment to a seven-month high shortly before the presidential election that saw former President Donald ...

Business - MarketWatch - November 8

Russia Explores Plan to Merge Oil Giants Into Mega Producer

The resulting company would be the world’s second-largest crude producer, behind Saudi Arabia’s Aramco, and would pump almost three times the output of Exxon Mobil.

World - The Wall Street Journal - November 9

Qatar Pauses Efforts to Mediate Stalled Gaza Cease-Fire

The Gulf state’s move reflects frustration with the lack of progress by Hamas and Israel.