Weak Consumer Backdrop

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. - Yesterday

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 - 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 - 21 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 - 14 hours ago

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 - 5 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 - 6 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 confidence

World - Financial Times - 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 confidence

Business - Financial Times - 3 hours ago

Trump takes swipe at 'weak and soft' Fox News over upcoming Harris interview

Former President Trump seemingly mocked Fox News Monday evening, after the network announced that Vice President Harris agreed to sit for an interview, calling the outlet "weak and soft." "Lyin’ ...

Politics - The Hill - October 15

'You can't show weakness' - why African leaders maintain secrecy around their health

There is a long history of African leaders hiding or lying about their health to keep rivals at bay.

‘We look strong but inside I feel weak’: Ukraine rugby league’s heavy burden

Despite being bombed, the national players are a source of pride as they travel to France for World Cup qualifiers. By Gavin Willacy for No Helmets Required . A little over two weeks ago, Vitalii ...

World - The Guardian - October 22

There are still banks prone to the runs that brought down SVB and Credit Suisse, regulators warn

The Financial Stability Board, an international body of global regulators, delved into the issues that brought about the collapse of Credit Suisse, the failure of SVB, Signature and First Republic, ...

Business - MarketWatch - October 23

Crocs’ stock tumbles 18% as earnings beat is offset by continued weakness at HeyDude brand

Crocs Inc.’s stock tumbled 16% Tuesday after the casual-footwear company’s better-than-expected third-quarter earnings were derailed by continued weakness at its HeyDude brand and a warning that it ...

Business - MarketWatch - 2 days 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 - 6 days ago

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. - 6 days ago

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 - Yesterday

Trump’s ex-chief of staff says he is a fascist and would govern as a dictator

Four-star US General John Kelly’s claims were reported in blockbuster comments to The New York Times

World - Financial Times - October 23

Investors pile into emerging-market funds that cut out China

Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock rebound

World - Financial Times - October 23

UK ministers explore using break clauses in asylum housing contracts

Home Office aims to revise terms or terminate after being ‘shocked’ by private companies’ profits

World - Financial Times - October 23

Latest in Weak Consumer Backdrop

U.S. economy grew 2.8% last quarter, powered by consumer spending

Here’s Why U.S. Consumer Confidence is Climbing Ahead of Election Day

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

DoorDash keeps investing in expansion, as more consumers use platform in third quarter

Regulator Sues Singtel's Optus Over Alleged Misconduct Involving Vulnerable Consumers

Uber shares slide on slowing bookings growth

Norwegian Cruise Line seeing strong demand, as consumers show ‘health and confidence’

Western consumer groups unconvinced by China’s economic stimulus efforts

Western consumer groups unconvinced by China’s economic stimulus efforts

Trump takes swipe at 'weak and soft' Fox News over upcoming Harris interview

'You can't show weakness' - why African leaders maintain secrecy around their health

‘We look strong but inside I feel weak’: Ukraine rugby league’s heavy burden

There are still banks prone to the runs that brought down SVB and Credit Suisse, regulators warn

Crocs’ stock tumbles 18% as earnings beat is offset by continued weakness at HeyDude brand

Here’s when consumers might finally stop wincing at higher prices, according to Fed’s Daly

Sanofi Enters Exclusive Talks With CD&R Over Consumer Business Stake Sale

Harley-Davidson’s stock falls as motorbike maker lowers guidance to reflect still-pressured consumer

Consumer sentiment hits 6-month high as Republicans grow confident in Trump win

These 5 Data Points Can Help Retailers Keep Pace With Shifting Consumer Demands

Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers

Trump’s ex-chief of staff says he is a fascist and would govern as a dictator

Investors pile into emerging-market funds that cut out China

UK ministers explore using break clauses in asylum housing contracts

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