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Retailers Adjust Holiday Sales Plans to Handle Rising Consumer Stress Levels
Shoppers’ worries about the presidential election and its economic consequences threaten holiday season spending. Retailers are scrambling to limit pullbacks.Business - Inc. - October 23 -
Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list
Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.Business - CNBC - October 24 -
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 - October 25 -
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 - October 25 -
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 redressBusiness - 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 groupWorld - 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 ...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 -
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 - 6 days ago -
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 - 6 days 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 - 6 days 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 - 6 days ago -
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 - 5 days ago -
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 - 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 - 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 - Yesterday -
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. - Yesterday -
IMF raises 2025 growth forecast
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story IMF sounds death knell over inflation, raises 2025 outlook International Monetary ...Politics - The Hill - October 22 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
Kroger and Walmart Deny ‘Surge Pricing’ After Adopting Digital Price Tags
Some members of Congress have expressed concerns that stores will monitor customers and raise prices. Business experts say the technology has not raised customers’ grocery bills.Business - The New York Times - October 23 -
Democrats call for investigation into grocery prices
Sen. Elizabeth Warren (D-Mass.) and Rep. Adam Schiff (D-Calif.) are calling on administration officials to investigate Albertsons and other major grocery chains for “predatory practices” they say ...Politics - The Hill - 2 days ago -
Democratic voter registration raises red flags for Harris
Democrats’ voter registration advantage has dropped in three key battleground states — Pennsylvania, North Carolina and Nevada — raising a red flag for Vice President Harris as experts cite a lack ...Politics - The Hill - October 13 -
Interest rate cut hopes raised as wage growth slows
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.Top stories - BBC News - October 15 -
UK to raise bank ringfencing threshold to ‘improve competitiveness’
Wider package of reforms expected ‘as soon as parliamentary time allows’, says ministerBusiness - Financial Times - October 15 -
North Korea again raises the specter of nuclear conflict
North Korean leader Kim Jong Un has issued a stark warning that his regime would not hesitate to use nuclear weapons if any adversary attempts to use force against Pyongyang. Developments in the ...Politics - The Hill - October 15 -
Adidas Raises Guidance on Better-Than-Expected Results
The German sportswear company cited better-than-expected results for the third quarter and brand momentum.Business - The Wall Street Journal - October 15 -
Jackets raise Gaudreau banner on 'emotional night'
Emotions ran high in Columbus on Tuesday night, when the Blue Jackets paid tribute to Johnny Gaudreau and his late brother, Matthew, at their home opener against the Panthers.Sports - ESPN - October 15 -
Gladia raises $16M for AI transcription and analytics
Gladia, an AI transcription and audio intelligence provider, has raised $16 million in funding.Tech - VentureBeat - October 15 -
GM raises investment in lithium mine to nearly $1bn
US carmaker seeks to secure supply of metal expected to suffer shortfalls because of rising demand in switch to EVsBusiness - Financial Times - October 16