Tag: consumer spending
FOREX-Dollar eases as month-end flows weigh; eyes on Fed and BOJ
(Updates to U.S. afternoon)By Saqib Iqbal AhmedNEW YORK, Oct 27 (Reuters) -The dollar edged down against a basket of currencies on Friday, pulled down [...]
Nike, American Eagle, Lululemon among favorite brands for teens
A customer shops at the Nike store in Miami Beach, Florida, on Dec. 21, 2021.Joe Raedle | Getty ImagesTeens are a notoriously fickle bunch — but the g [...]
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Af [...]
Wall Street thinks inflation peaked. Main Street expects more pain
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia.Elijah Nouvelage | AFP | Getty ImagesMore players in the stock mark [...]
Reasons to say ‘no’ to a store credit card offer this Black Friday
Prostock-studio | Istock | Getty ImagesIn the rush at the store checkout this holiday season, you may be tempted to say yes when asked if you want to [...]
Consumers are cutting back on holiday gift buying amid higher inflation
Inflation is weighing heavily on the holidays this year.Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third s [...]
Elite NYC restauranteur on why luxury spending won’t make people happy
Gift-giving can be a good way to learn how good you are at hospitality. And if you think success comes down to the amount being spent, you are setting [...]
Household cash is headed higher. Here’s what it means for economy
Customers shop at a Walmart in Houston on Aug. 4, 2021.Brandon Bell | Getty ImagesAfter a year-long dip, household cash flow will begin growing again [...]
Inflation Reduction Act to cap costs for Medicare patients on insulin
The Good Brigade | Digitalvision | Getty ImagesA new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare p [...]
What the Fed’s interest rate hike to combat inflation means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the ke [...]
That vacation rental listing could be a scam. Watch for warning signs
Ozgurcankaya | E+ | Getty ImagesBiggest warning signThe biggest red flag that a listing is a scam is when you are asked to leave a listing platform su [...]
The benefits of major cities amid remote work and rent inflation
Many renters believe that a cost-of-living crisis is brewing in America's major cities.New York City is showing up as a hotspot of rent inflation. The [...]
Biden’s plan to lower gas prices could take weeks. How to pay less now
Filling up at the pump comes with a hefty dose of sticker shock.Russia's invasion of Ukraine and global supply concerns have sent gas prices to record [...]
What’s behind the congestion at U.S. ports
The Port of Los Angeles, the busiest port in North America, saw record volume in 2021.Container volume at the port, including imports like furniture a [...]
Bubblicious used car prices rising faster than bitcoin, Jim Bianco warns
Your car may be more valuable than what's in your portfolio.Used auto prices are rising faster than bitcoin and other assets, according to market r [...]