Latest in Outlook Consumers Welcome
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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 - October 29 -
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.Top stories - CBS News - October 30 -
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 healthBusiness - 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 -
EBay’s sales outlook comes in weaker, and stock falls more than 7%
EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.Business - MarketWatch - October 31 -
Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares
Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earningsBusiness - Financial Times - October 31 -
Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue
The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.Business - The Wall Street Journal - 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 estimatesBusiness - Financial Times - October 31 -
ConocoPhillips stock rises on Q3 earnings profit beat, robust outlook
ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.Business - MarketWatch - 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 -
Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay
The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.Business - The Wall Street Journal - 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 confidenceBusiness - 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 efficiencyWorld - 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.Top stories - CBS News - 6 days ago -
Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook
Two days after the election, the Federal Reserve will cut rates again.Business - Inc. - 4 days ago -
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 - 4 days ago -
ADM Discloses More Accounting Issues, Cuts Profit Outlook
The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.Business - The Wall Street Journal - 3 days ago -
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 - 3 days ago -
We're trimming our position in an industrial stock with an uncertain growth outlook
The sale will decrease the stock's weighting in our portfolio to roughly 2.5% from 3.05%Business - CNBC - 3 days ago -
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. - 3 days ago -
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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 - Yesterday -
Rolls-Royce sticks to outlook despite supply chain woes
UK aerospace group buoyed by post-pandemic surge in international travelWorld - Financial Times - Yesterday -
Tapestry’s stock climbs on sales and earnings beat, raised outlook
Tapestry’s first-quarter revenue was fueled by topline growth at Coach.Business - MarketWatch - Yesterday -
Ben Jennings on Trump’s victory and a bleak outlook for the planet – cartoon
Discover and buy more of Ben’s cartoons here Order your own print of this cartoon from the Guardian Print Shop Continue reading...World - The Guardian - Yesterday -
DraftKings cuts full-year outlook, citing unfavorable sports-betting outcomes
DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.Business - MarketWatch - 18 hours ago -
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 - 4 hours ago -
A record-setting teen climber returns home to Nepal to a hero's welcome
A Sherpa teenager has returned to Nepal to a hero's welcome after becoming the youngest person to scale all the world’s 14 highest peaksWorld - ABC News - October 14
