Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers
(Bloomberg) — Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to…
Gen X and Boomers feel way worse about the economy than Gen Z and millennials
Generation X spent three decades being defined by its own indifference—the “slacker generation,” too disengaged to bother with…
Scott Bessent is ‘sick of hearing about’ the K-shaped economy and declares it’s over
Scott Bessent has some good news for consumers this morning: The K-shaped economy is officially over! Consumers on…
Iran war’s nine shocking impacts on Australia revealed
A leading economist has shared his predictions on the long-term impacts of the Iran war, saying the geopolitical…
Aussie retirees’ shocking spending mistake revealed in new data
Cost of living fears have Australians underestimating how long their superannuation would last and over-estimating costs, leading to…
China’s new plan to get consumers spending again
BEIJING, CHINA – NOVEMBER 6: Women wearing Qing Dynasty-style costumes take photos inside the Forbidden City on November…
Trump promises rate cuts with new Fed chair pick as Powell defends cautious approach
WASHINGTON (TNND) — President Donald Trump said he is poised to announce his pick to replace Federal Reserve…
China’s consumer spending push faces major challenge – debt-averse households
Chinese households have accelerated deleveraging – cutting debt relative to gross domestic product – at the fastest pace…
China should intervene more decisively to shore up property market: top party journal
China’s top party journal has called for a stronger package of policies implemented in one go – rather…
Christmas Holiday, GDP, Consumer Confidence, Jobless Claims
Toshi Sasaki / Getty Images The Christmas holiday means a shortened week for traders. Traders will get some…
Americans Suddenly More Optimistic—Slightly—About The Economy
Topline Views on the U.S. economy improved among Americans in December, the first boost since July despite settling…
China’s factory activity contracts in November for 8th month in a row
China’s factory activity contracted for an eighth consecutive month in November, according to official data, as external headwinds…