Consumer Spending

Fed Study: Banks Examine Credit Use When Considering Limit Increases
Fed Study: Banks Examine Credit Use When Considering Limit Increases
May 03, 2024  |  Banking

A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit. Rather,...

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Walmart and Amazon Expand Private-Label Plays to Compete in Grocery
Walmart and Amazon Expand Private-Label Plays to Compete in Grocery
May 03, 2024  |  Retail

As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands. Walmart announced Tuesday (April 30) the...

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Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
May 02, 2024  |  Economy

This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last...

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Fast-Food Slowdown May Mean Steeper Promotions
Fast-Food Slowdown May Mean Steeper Promotions
May 02, 2024  |  Economy

It’s been a season of slowing sales for quick-service restaurants (QSRs). That could mean these fast-food brands have to launch greater promotions to attract cost-conscious diners, Reuters...

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Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
May 01, 2024  |  Retail

As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. ...

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Kraft Heinz Sales Dip as Lower-Income Consumers Feel Squeezed
Kraft Heinz Sales Dip as Lower-Income Consumers Feel Squeezed
May 01, 2024  |  Earnings

Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in...

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Peacock’s Price Hike Hints at Delicate Balancing Act for Streaming Platforms  
Peacock’s Price Hike Hints at Delicate Balancing Act for Streaming Platforms  
May 01, 2024  |  Streaming

Peacock, the streaming service owned by Comcast’s NBCUniversal, continues to demonstrate strong appeal, with management revealing during a Thursday (April 25) Q1 earnings call that it added 3...

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Mastercard: Tokenized Transactions Grow 50% Year Over Year
Mastercard: Tokenized Transactions Grow 50% Year Over Year
May 01, 2024  |  Earnings

Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless...

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Sezzle Offers Rewards for On-Time BNPL Payments
Sezzle Offers Rewards for On-Time BNPL Payments
May 01, 2024  |  BNPL

Payments platform Sezzle wants to reward users to stay on top of their bills.  To that end, the company on Wednesday (May 1) announced the launch of...

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