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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

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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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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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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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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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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9 mins read

'I just can't': Why so many consumers are sick and tired of online shopping

It's not just you. 74% of shoppers say they've abandoned their online shopping cart because they we…

Emilie Friedlander   


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2 mins read

Big Crypto is now spending more on US elections than any other industry

Crypto companies have already funneled some $119 million into federal elections, according to data …

Lakshmi Varanasi   


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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

Here's what's on Gen Z's 'micro-spending' wish list

Gen Z is spending money on more instant forms of gratification over traditional milestones like buy…

Jordan Hart   


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2 mins read

Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.

More credit card debt and car loans transitioned into late payment status last quarter, per the New…

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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3 mins read

Indian markets under pressure as global rate cuts stir uncertainty, new report says

Indian markets experienced volatility as global economic shifts and political developments impacted…

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3 mins read

Warren Buffett's company is so big it's like a mini US economy. Here's what it signals about the state of consumers.

Warren Buffett's Berkshire Hathaway owns scores of companies across a range of industries, and stro…

Theron Mohamed   


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2 mins read

At Rs 2 lakh per year, Indians are among the top spenders on clothing globally: Study

Things like rapid urbanisation, westernisation, our increasing disposable incomes and a growing you…

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3 mins read

Forget Gen Zers and Taylor Swift concerts. It's boomers who are flashing their dollars.

The US economy is walking a fine line and a recession could be near. Baby boomers and their $75 tri…

Cork Gaines   


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6 mins read

Simply Put: Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers

The RBI keeps repo rates at 6.5% for the 10th time despite global rate cuts. This decision affects …

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2 mins read

Qantas mistakenly sells first-class flights at a massive discount

Qantas said the prices were "too good to be true" and, as a gesture of goodwill, has offered to reb…

Mia Jankowicz   


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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