New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …
Raphael Henrique | Sopa Pictures | Light flare | Getty Images Robinhood brings the concept of a 401(k)-style contribution to its retail customers who may not have access to a workplace retirement plan. The retail brokerage will pay a “match” of 1% on its clients’ contributions to a Robinhood Individual Retirement Account, the company announced …
New York CNN Business — There’s at least one group of shoppers who are enthusiastically hitting the malls this holiday season — and they don’t seem too bothered by the pesky inflation eating away at their discretionary dollars. They’re Gen Z. And how they buy matters. This cohort of consumers born between 1997 and 2012 …
The upsurge in organized retail theft will shutter storefronts and further increase costs for consumers already struggling with high inflation, economists at the Heritage Foundation have said. “If businesses can’t raise their costs to cover the cost of the flight, if they don’t make a profit, then they’re going to shut down,” said Andrew Puzder, …
The privacy calculus, along with broader macroeconomic headwinds, have mowed down the digital media economy’s workforce(s) in recent weeks, with even “Big Tech” players such as Facebook and Google issuing notes of market caution. The alarming rate of layoffs has resulted in a jobs landscape where tens of thousands of workers now find themselves looking …
Five highlights from a new Energy Institute working paper. Consumer choice is generally a good thing. For much of the consumption that happens in my house – coffee, lego, bike parts – we understand our preferences, and our choices aren’t terribly complicated. This makes it easier to make good decisions. The other consumption categories are …
Why do low-income customers pay higher prices in premium retail markets? Read More »
The stock market traded mixed late in the afternoon as home sales fell and negative news on the economy outweighed strong earnings reports from the retail sector. X The Nasdaq composite fell 0.2% and the S&P 500 gained 0.2%. The Dow Jones Industrial Average gained 0.1%. The Russell 2000 Small Cap Index rose 0.2%. Volume …
Stock market mixed as home sales slow, offsetting pink retail profits, forecast Read More »
U.S. stocks faltered on Thursday as optimism around easing inflation and a shift in Federal Reserve policy faded, while Wall Street analyzed a slew of corporate earnings. The S&P 500 (^GSPC) fell 0.3% after hitting a session low of more than 1%, while the Dow Jones Industrial Average (^DJI) fell about 0.1%, eliminating a loss …
Live stock market news updates: Stocks fall as retail sales beat, earnings targets miss Read More »
U.S. stocks faltered on Thursday morning as optimism around easing inflation and a change in Federal Reserve policy faded, while Wall Street analyzed a slew of corporate earnings. The S&P 500 (^GSPC) fell more than 1.1%, while the Dow Jones Industrial Average (^DJI) lost 260 points, or 0.8%. The technology-focused Nasdaq Composite (^IXIC) fell 1.4%. …
Live stock market news updates: Stocks fall as retail sales beat, earnings targets miss Read More »
Retail sales rise 1.3% in October Core retail sales increase 0.7%; September sales revised upwards Import prices fall for the fourth consecutive month Manufacturing production increased by 0.1%; previous months revised downwards WASHINGTON, Nov 16 (Reuters) – U.S. retail sales rose more than expected in October as households stepped up purchases of motor vehicles and …
US retail sales increase steadily; increase in GDP estimates in the fourth quarter Read More »
