Tag: Consumer Spending
US Retail Spending Slows in April Amid Tariff Concerns
In a sign that consumer demand may be fraying around the edges, U.S. retail spending slowed sharply in April to just 0.1% after a surge [more…]
U.S. Services Growth Amid Inflation Pressures from Tariffs
The U.S. services sector showed growth in April, with the Institute for Supply Management (ISM) reporting a rise in its nonmanufacturing purchasing managers index (PMI) [more…]
US Economy Shows Weakest Growth Since 2022 Amid Trade Wars
The U.S. economy had its worst quarter since 2022, with gross domestic product (GDP) shrinking at an annualized rate of -0.3% in the first quarter, [more…]
Tariffs, Trade Wars, and Consumer Slowdown Affecting Businesses
U.S. companies are facing significant challenges as President Donald Trump’s tariff policies continue to put pressure on businesses and consumers alike. Several companies have slashed [more…]
U.S. Banks Hit Hard as Tariff Fears Spark Recession Concerns
Bank Stocks Plunge Amid Economic Fears Shares of major U.S. banks tumbled to multi-month lows on Thursday, following President Donald Trump’s announcement of sweeping tariffs, [more…]
UK Retail Sales Surprise with Broad February Rebound
Shoppers defy forecasts despite weak economic backdrop British retail sales unexpectedly rose 1.0% in February, defying analyst expectations of a decline amid sluggish economic growth, [more…]
U.S. Jobs Growth Slows as Economic Uncertainty Rises
U.S. employers likely added jobs at a moderate pace in February, as federal government layoffs and weakening consumer spending weighed on the labor market. According [more…]
Retailers Warn of Diminished Shopping in 2024, Despite U.S. Economy’s Resilience
The American consumer has displayed remarkable resilience in the face of sky-high interest rates and a challenging economic environment, contributing to the U.S. economy’s avoidance [more…]
Navigating the Winds of Change: The Deflationary Shift in January 2024
As the dust settles from the tumultuous pandemic, a new economic narrative is emerging, marked by a significant pullback in inflation. For the first time [more…]
Navigating Economic Headwinds: The Impact of Consumer Behavior and Global Challenges on Wall Street
The health of Wall Street is inextricably linked to the spending habits of American consumers. With the US retail sales report imminent, investors are on [more…]
