Consumer Spending

eCommerce Helps Fuel Unexpected Climb in Retail Sales
eCommerce Helps Fuel Unexpected Climb in Retail Sales
April 15, 2024  |  Economy

Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. Data released Monday (April 15) by the U.S. Department of...

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Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
April 12, 2024  |  Economy

The wealth effect giveth, and it taketh away. This week’s stock market volatility, and especially Friday (April 12)’s plummet in the wake of big bank...

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Citigroup Watches Spending; Sees Digital Engagement Rising
Citigroup Watches Spending; Sees Digital Engagement Rising
April 12, 2024  |  Earnings

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed...

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Wells Fargo Sees Brighter Days for US Consumer Spending
Wells Fargo Sees Brighter Days for US Consumer Spending
April 12, 2024  |  Earnings

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post...

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JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation
JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation
April 12, 2024  |  Earnings

Consumers are still spending, but JPMorgan CEO Jamie Dimon, in remarks accompanying the banking giant’s latest earnings Friday (April 12), detailed concerns over inflation’s impact. And...

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Consumer Sentiment ‘Remarkably Steady’ for Fourth Consecutive Month
Consumer Sentiment ‘Remarkably Steady’ for Fourth Consecutive Month
April 12, 2024  |  Consumer Insights

Consumer sentiment remained essentially unchanged in April, as it has been since the beginning of the year. While the figure inched down 1.9% from March,...

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Consumers Demand Deals on Big-Ticket Items Amid Economic Uncertainty
Consumers Demand Deals on Big-Ticket Items Amid Economic Uncertainty
April 11, 2024  |  Retail

With ongoing financial challenges constraining shoppers’ purchasing power, furniture companies’ recent earnings reports show that consumers may not be willing to buy, say, a new...

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Half of Amazon Spring Sale Shoppers Bought Health and Beauty Products
Half of Amazon Spring Sale Shoppers Bought Health and Beauty Products
April 11, 2024  |  eCommerce

To further increase its already substantial share of the retail market, last month Amazon announced its first Big Spring Sale. The sale ran from March 20 to March...

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Just in Time for Summer: Apparel and Dining Out Get More Expensive
Just in Time for Summer: Apparel and Dining Out Get More Expensive
April 10, 2024  |  Economy

We’re all booking trips. But what we’re able to spend once we get away from it all … well, that remains to be seen. Delta...

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