Consumer Spending

Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
October 15, 2024  |  Earnings

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were...

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Bank of America CEO: Consumer Spending Results ‘Bodes Well’ For Economic Outlook
Bank of America CEO: Consumer Spending Results ‘Bodes Well’ For Economic Outlook
October 15, 2024  |  Earnings

Interest rate cuts might have been on the mind of the Wall St. analysts gathered for the Bank of America third-quarter earnings call today (Oct....

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Walgreens Rethinks Role of Pharmacy in Capturing Consumer Sales
Walgreens Rethinks Role of Pharmacy in Capturing Consumer Sales
October 15, 2024  |  Earnings

Walgreens Boots Alliance is undertaking a transformation focused on its retail pharmacy business in response to persistent challenges in the consumer market and pharmacy sector....

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New Starbucks Boss Reportedly Pulling Back on Discounted Drinks
New Starbucks Boss Reportedly Pulling Back on Discounted Drinks
October 14, 2024  |  Retail

Discounted drinks are reportedly becoming rarer under the leadership of Starbucks’ new CEO. Brian Niccol became chief executive in August, and the company has since scaled back the...

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Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
October 13, 2024  |  Consumer Insights

America’s biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country’s biggest...

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Halloween Has Retailers Scared as Consumers Trade Down
Halloween Has Retailers Scared as Consumers Trade Down
October 13, 2024  |  Retail

For American retailers, Halloween 2024 could end up being more trick than treat. As Bloomberg News reported Saturday (Oct. 12), Halloween consumption is expected to...

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Pickleball’s Rapid Expansion Gets Lobbed into the Digital World 
Pickleball’s Rapid Expansion Gets Lobbed into the Digital World 
October 12, 2024  |  The Weekender

Pickleball’s meteoric rise to popularity isn’t a solely physical-world phenomenon anymore. Now, the sport is getting kick-served into cyberspace. QVC — yes, the shopping network...

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Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
October 11, 2024  |  Economy

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11). Speaking...

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U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
October 11, 2024  |  Economy

Consumer sentiment inched down in early October amid continued frustration over the prices of goods and services. While it dipped a “meager” 1.7% or 1.2...

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