Consumer Spending

Big-Ticket Retail Sales Take Hit in June
Big-Ticket Retail Sales Take Hit in June
July 16, 2024  |  Consumer Finance

A flat June reading for retail sales can be a tossup in terms of getting a sense of how the consumer is faring. The data...

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Big Bank Earnings Show Mixed Signals on Consumer Credit Health
Big Bank Earnings Show Mixed Signals on Consumer Credit Health
July 15, 2024  |  Earnings

Get enough data points in place, and you have a trend. As bank earnings have started to roll in — thus far, from JPMorgan, Wells...

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China’s Economic Growth Shows Surprise Slowdown
China’s Economic Growth Shows Surprise Slowdown
July 15, 2024  |  International

Economic growth in China reportedly fell to its slowest pace in five quarters. The surprise slowdown came as a decline in consumer spending hamstrung an...

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Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
July 15, 2024  |  Earnings

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July...

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Corporate Bankruptcies Surge as Consumers Cut Back
Corporate Bankruptcies Surge as Consumers Cut Back
July 14, 2024  |  Economy

U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy...

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Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024  |  Earnings

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers...

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Target Bolsters in-Store Experiences Through Strategic Collaborations
Target Bolsters in-Store Experiences Through Strategic Collaborations
July 12, 2024  |  Retail

Target is facing increased competition from online retailers with faster delivery and a wider selection of products. Customers are also shopping less frequently in physical...

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JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
July 12, 2024  |  Earnings

JPMorgan’s latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments. And...

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Inflation Cools Overall, but Food Is More Expensive
Inflation Cools Overall, but Food Is More Expensive
July 11, 2024  |  Economy

The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from...

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