Latest in Consumers Continue Spend
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Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list
Nike and Kohl’s may not be winning on Wall Street, but a wide set of consumers still consider them to be the best in their categories, according to a consumer sentiment survey released Thursday.Top stories - NBC News - October 24 -
FirstFT: Partner pay at US law firms hits record levels
Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programmeWorld - Financial Times - 6 days ago -
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 - 6 days ago -
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 - 5 days ago -
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 redressBusiness - Financial Times - 6 days ago -
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 groupWorld - Financial Times - 3 days ago -
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 ...Top stories - CBS News - 2 days ago -
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 - Yesterday -
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 -
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 -
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 - 18 hours ago -
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 - 12 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 - 3 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 confidenceWorld - Financial Times - 55 minutes 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 confidenceBusiness - Financial Times - 55 minutes ago -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
Companies curb UK advertising spending ahead of the Budget
Marketing budgets fail to grow for the first time in 14 quarters, trade body findsBusiness - Financial Times - October 16 -
Ministers complain to Starmer over spending cuts
Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.Top stories - BBC News - October 17 -
Why Meta and Snap are spending billions on AR glasses
Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.Business - CNBC - October 24 -
Harris to spend election night at Howard University
Vice President Harris will spend election night at Howard University, her alma mater in Washington, D.C., a source familiar told The Hill. Harris primary home is in California, but she has chosen ...Politics - The Hill - Yesterday -
Chris Mason: A change-making Budget and a moment of jeopardy
The government's fate will depend on whether it can make things better, says political editor Chris Mason.Top stories - BBC News - 17 hours ago -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - Yesterday -
The NHS and education are big winners in Reeves’ spending plan
But some Whitehall departments including the Home Office face real terms cuts to their budgetsWorld - Financial Times - 23 hours ago -
The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'
Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.Top stories - BBC News - 14 hours ago -
Workers warned Budget tax rises will hit their wages
Economists say tax rises in the Budget will mean employers have less to give as pay rises.Top stories - BBC News - 2 hours ago -
Meta and Microsoft Won’t Stop Spending on AI
Both tech giants reported strong third quarters but their stocks fell anyway.Business - Inc. - 5 hours ago -
Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns
The groups promoting abortion-rights amendments on the ballots in nine states have outraised their opponents by more than 6 to 1 and are spending far more on adsHealth - ABC News - 2 hours ago -
U.K. Budget Makes a Big Bet on Spending for Growth
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.Business - The New York Times - 1 hour ago -
Tensions rise as Israel continues strikes on Lebanon, Gaza
Israel continued strikes in both Gaza and Lebanon. Israeli Prime Minister Benjamin Netanyahu on Sunday warned the U.N. to remove its peacekeeping force from southern Lebanon. Debora Patta reports.Top stories - CBS News - October 13 -
Salmond ally hopes family will continue legal action
The former first minister was in the process of suing the Scottish government when he died on Saturday.Top stories - BBC News - October 14 -
Chicago Blackhawks Journey Continues Through Alberta
The Chicago Blackhawks are on an 82-game odyssey that will present a lot of challenges this season.Sports - Yahoo Sports - October 14 -
Florida and North Carolina continue hurricane cleanup
As disinformation and conspiracy theories swirl around the government's response to recent hurricanes, communities in Florida and North Carolina are still picking up the pieces. Janet Shamlian has ...Top stories - CBS News - October 14