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2 mins read

US economic growth came in slightly under expectations but consumer spending remains strong

While third-quarter GDP came in at 2.8% compared to 3% expectations, 2024 continues to be a strong …

Madison Hoff   


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2 mins read

Rural demand, government spending to drive growth in the second half of FY25

Rural demand and government spending will be key drivers of India's economic growth in the second h…

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2 mins read

McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts

Global sales at the Golden Arches fell 1.5%, driven by international markets, especially France, th…

Nora Redmond   


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2 mins read

Karwa Chauth festivities to boost economy by ₹22,000 crore

Deeply rooted in Indian culture and spirituality, the festival of Karwa Chauth has grown into a sig…

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3 mins read

Here's how much more laptops, TVs, and smartphones could cost under Trump's proposed tariffs, consumer group says

Donald Trump's proposed tariffs would hit the consumer tech sector, raising prices on US consumers'…

Erin Snodgrass   


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3 mins read

Americans are still having a lot of stuff delivered from DoorDash and Uber, and it shows how much we'll pay for convenience

DoorDash, Instacart, and Uber all reported that shoppers are still ordering food and other merchand…

Alex Bitter   


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1 min read

Retiree spending helped thwart a US recession. But boomers are losing a key financial advantage.

Spending among retired consumers is slowing down amid weaker boosts to Social Security incomes, Ban…

Filip De Mott   


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2 mins read

India will spend ₹4.25 lakh crore on 35 lakh planned weddings in Nov-Dec: PL Capital report

India will spend Rs 4.25 lakh crore on projected 35 lakh weddings planned between November to mid-D…

ANI   


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3 mins read

Wall Street is bullish on Amazon earnings despite uncertainty around consumer spending, rising investment costs

Wall Street analysts are mostly bullish heading into Amazon's earnings report. AWS is a bright spot…

Filip De Mott   


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1 min read

Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance

Apple's earnings results can have knock-on effects for the many public companies that supply it wit…

Matthew Fox   


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2 mins read

Indians credit card spending increases 19% YoY to Rs 1.7 trillion in July 2024

According to a report released by SBI Securities, the total expenditure by credit card users across…

ANI   


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2 mins read

A key US consumer indicator has dipped to 'crisis levels,' SocGen says

The US personal savings rate has dropped below 3%, a level historically associated with recessions,…

Jennifer Sor   


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3 mins read

China's massive stimulus is missing a key ingredient: a way to revive the nation's consumers

China announced a major stimulus package on Tuesday, but offered no fiscal support. It's necessary …

Filip De Mott   


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3 mins read

The job market is about to rebound as widespread spending boosts the economy, Apollo chief economist says

The US could add as many as 300,000 jobs in September, according to an estimate from Apollo's chief…

Jennifer Sor   


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3 mins read

Pets, sports, and Disney might end up rescuing China's ailing consumer economy

China's pets, sports, and cultural IP economies are poised for rapid growth, with supply currently …

Kelly Cloonan   


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4 mins read

America's shopping spree is over and retailers are facing a new world of cautious consumers

76% of consumers said they planned to trade down in the next quarter, spelling trouble for the weak…

Jennifer Sor   


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2 mins read

Americans' spending patterns are flashing a warning of a possible consumer-led recession

Consumers are pulling back on discretionary purchases, a sign that their stimulus-fueled shopping s…

Jennifer Sor   


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2 mins read

Indian economy likely to grow at 7-7.2 percent in FY25,Deloitte India says

Deloitte India forecasted a 7-7.2% growth rate for the Indian economy this fiscal year, citing stro…

PTI   


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3 mins read

3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say

Expectations that Russia's economy will struggle are misplaced, and multiple factors should keep th…

Filip De Mott   


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5 mins read

Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions

Americans are worried about prices going up even more with tariffs, so some are stockpiling or maki…

Juliana Kaplan,Ayelet Sheffey