Consumer Spending

Home Improvement Expected to Pick Up Amid Lower Interest Rates
Home Improvement Expected to Pick Up Amid Lower Interest Rates
October 22, 2024  |  Retail

The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. More homeowners are borrowing against the...

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Target to Make 2,000 More Price Cuts for Holiday Season
Target to Make 2,000 More Price Cuts for Holiday Season
October 22, 2024  |  Retail

Target will reduce regular prices on more than 2,000 items this holiday season. Combined with the price cuts it has made on more than 8,000...

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PYMNTS’ Data-Driven Journey Through Payments Innovation
PYMNTS’ Data-Driven Journey Through Payments Innovation
October 19, 2024  |  Payments Innovation

Oct. 20, 2009. The United States was starting to see daylight out of the darkness of the worst financial crisis since the great depression. The...

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Millennials and Gen Z Consumers Boost Amex Card Spend in Q3
Millennials and Gen Z Consumers Boost Amex Card Spend in Q3
October 18, 2024  |  Earnings

For American Express, as has been a longstanding trend, it’s the younger consumers, cards in hand, who are boosting results. And, as Amex management noted...

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Procter & Gamble CFO Sees ‘Right Price Levels’ in US Market Amid Global Challenges
Procter & Gamble CFO Sees ‘Right Price Levels’ in US Market Amid Global Challenges
October 18, 2024  |  Earnings

Recent challenges in key markets, particularly China and the Middle East, have significantly impacted sales for major corporations like Procter & Gamble, which reported a 1%...

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Walmart and Amazon Race to Address Consumer Price Anxiety
Walmart and Amazon Race to Address Consumer Price Anxiety
October 18, 2024  |  Retail

Retail giants Walmart and Amazon are reacting to consumers’ anxieties about holiday spending by rolling out more deals earlier. Walmart announced Thursday (Oct. 17) the...

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Discover CFO: Cautious Consumers Cause Slide in Card Volume
Discover CFO: Cautious Consumers Cause Slide in Card Volume
October 17, 2024  |  Earnings

Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution...

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Fannie Mae Upgrades Outlook on US Economy
Fannie Mae Upgrades Outlook on US Economy
October 17, 2024  |  Economy

America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct....

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Back-to-School Shopping Drives Consumer Spending Surge in September
Back-to-School Shopping Drives Consumer Spending Surge in September
October 17, 2024  |  Economy

September’s retail sales data showed a (slight) acceleration of spending from August, though we’re well off past peaks. And speaking of past peaks — looking...

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