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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 - 6 days ago

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 - 6 days ago

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.

World - The Wall Street Journal - 5 days ago

The Russia-Ukraine War Intensifies, With Drone Attacks, Foreign Troops and Record Losses

The surge in fighting occurs as President-elect Donald Trump pledges to end the conflict.

World - The Wall Street Journal - 4 days ago

Consumer anger over high prices piles pressure on politicians

Post-Covid inflation rise leaves toxic legacy for governments across rich economies

Business - Financial Times - 4 days ago

FirstFT: Bitcoin hits a record high

Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executive

World - Financial Times - 3 days ago

Home Depot’s sales are improving, but it says consumers are still cautious about spending

Home Depot is mired in a sales slump as homeowners put off major projects.

Business - CNBC - 2 days ago

As Argentina's inflation rate cools, consumers still feel squeezed

World - Yahoo News - 2 days ago

Neon raises $14M to build direct-to-consumer stores for games

Neon has raised $14 million in funding to build its direct-to-consumer digital store platform to help make game companies more independent.

Tech - VentureBeat - 2 days ago

Reeves seeks reform of UK consumer redress in financial services sector

Chancellor considers overhaul as lenders face potential multibillion-pound bill for alleged mis-selling of car finance

Business - Financial Times - Yesterday

What does the inflation rate increase mean for American consumers?

The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on ...

Japan's economy grows for a second straight quarter on the back of consumer spending

Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held up

World - ABC News - 5 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 - October 25

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. - October 25

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.

Business - CNBC - October 30

Yum Brands’ earnings fall short of estimates as Pizza Hut parent says consumers are still pressured

Only Taco Bell managed same-store sales gains.