China’s consumers are surprising economists. Meet the ‘bifurcated shopper.’
Stories like these are showing up in the data, too. Retail sales overall grew only 3.4% in August,…
Key US Inflation Metric to Ease as Focus Shifts to Jobs Market
A shopper at a clothing store in downtown Detroit, Michigan. (Bloomberg) — The Federal Reserve’s preferred gauge of…
AI has added $160 billion to ‘true GDP’ since 2022, Goldman Sachs says. There’s just one problem: Th
Elsie Peng, Joseph Briggs, and Sarah Dong, from the team of chief economist Jan Hatzius, explain in a…
Charting the Global Economy: US Consumers Remain Resilient
Shoppers on 5th Avenue in New York. (Bloomberg) — US consumer spending rose in July by the most…
Consumers Pare Back Spending in July Amid Inflation Woes
All eyes were on the latest Personal Consumption Expenditures data Friday (Aug. 29) as a read-across for when…
Canada’s economy shrank more than expected in Q2, showing the trade war’s spring impact
A railway grain terminal in Alberta. (Photo by: LJM Photo/Design Pics Editorial/Universal Images Group via Getty Images) ·…
Luxury Brands Pinched as Tourism Declines in Europe
Tariffs and a decline in tourism in Japan and Europe are reportedly hurting the luxury sector. That’s according…
Consumers Favor Debit In-Store, Credit and Wallets Online
A new report from PYMNTS Intelligence reveals a nuanced landscape of consumer shopping and payment habits, challenging some…
A Data Deluge Brings a ‘Moment of Truth’ for Markets This Week
Wall Street pros are staring down a pivotal week that will likely set the tone for the rest…
Japan Q1 capital spending hits record but some export sectors weak
By Makiko Yamazaki TOKYO (Reuters) -Investment by Japanese companies in plants and equipment surged to a record in…