Consumer spending
Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
Shoppers are largely creatures of habit, but after two years of rising prices, a broader shift to private label brands is underway. Inflation doesn’t appear to be going down anytime soon, although price increases have been subsiding since the June 2022 peak. The consumer price index, which measures a basket of common goods and services, […]
Read More
Winter of ‘disconnect’: Morgan Stanley’s Mike Wilson braces for much more than 20% inventory drop
Quickly Revenue Winter of ‘disconnect’: Morgan Stanley’s Mike Wilson braces for extra than 20% stock drop Released Tue, Jan 10 20237:36 PM ESTUp to date 50 Min Ago Stephanie Landsman@stephlandsman Enjoy Live Source
Read More
Inflation has peaked — but it’s not returning to pre-Covid levels in 2023, Mastercard says
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 Africa at the Mastercard Economics Institute. “Inflation has seen its peak this year, but it will still be above what we had been used to pre-pandemic next year,” Mann told CNBC’s “Squawk […]
Read More
Economists think inflation has peaked. Main Street is preparing for more pain
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images More players in the stock market and among the ranks of professional economists have come around to the view that inflation has peaked or already is in decline, but small business owners on Main […]
Read More
The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings
If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who run a side hustle, small business or do part-time work. So […]
Read More
Here’s why you may want to say ‘no’ to a store credit card offer this holiday shopping season
Prostock-studio | Istock | Getty Images In the rush at the store checkout this holiday season, you may be tempted to say yes when asked if you want to apply for a store credit card — especially if you’re offered extra savings on that day’s purchase. But there is good reason to think twice this […]
Read More
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 said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. Though the study found many consumers […]
Read More
Elite New York restauranteur Will Guidara on why luxury spending isn’t the key to making 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 yourself up for failure, according to one of the world’s most renowned restauranteurs. Will Guidara, former owner of elite New York City restaurant Eleven Madison Park, […]
Read More
Why Apple lifted the price of the Iphone, but not in the U.S. and China
Shopper inspects Apple iphone 14 Pro Max inside of an Apple shop in Marunouchi, Tokyo. Stanislav Kogiku | SOPA Photographs | Lightrocket | Getty Illustrations or photos Apple‘s latest iPhones, the collection 14 designs, occur with better shows, cameras, and satellite messaging, amongst other options and updates. But depending on where you are living, they also […]
Read More
Financial institution of America CEO suggests newest paying and financial savings knowledge demonstrate that the U.S. purchaser is healthier
Key Points Bank of America’s consumers continue to devote freely, applying their credit history cards and other payment strategies for 10% much more transaction volume in September and the very first half of October than a year before, CEO Brian Moynihan said. Customers’ account balances continue to be greater than before the coronavirus pandemic struck […]
Read More