The current tariff landscape can be boiled down to one theme: uncertainty. As several news outlets have reported, a new tranche of duties hit at 12:01 a.m. Thursday (Aug. 7), but many carve-outs and enforcement details remain cloudy, forcing governments to scramble for side deals...
Enthusiasm for AI has reportedly helped drive $2.6 trillion in dealmaking this year. That’s according to a report Monday (Aug. 4) by Reuters, which says this figure is the highest for the first seven months of the year since 2021, during the peak of the pandemic. It’s...
There’s a prevailing sense of caution, a consumer mood that can even be called gloomy. But thus far into earnings season, a bit less than a month old, there are indications that, overall, U.S. households are proving to be resilient. There are categories, particularly essentials...
American workers are seeing widespread slowing in wages, though some are suffering more than others. Wage growth for the lowest-paid quarter of workers — people who make roughly less than $806 each week — slowed to an annual rate of 3.7% in June, the Financial...
Businesses are reportedly still facing uncertainty around U.S. trade policy, even after the Thursday (July 31) announcement of higher tariffs by President Donald Trump. The announcement lacked detail and left undecided some issues around key sectors, talks with China and the legal status of the new duties, Andrew...
The mood of consumers improved for a second consecutive month in July, though it remains worse than it was in December, according to the latest installment of the University of Michigan’s Surveys of Consumers, released Friday (Aug. 1). The rise in July from June was...
Platforms like eBay and Etsy will reportedly be impacted by the global suspension of the “de minimis” exemption that allowed packages valued at less than $800 to enter the U.S. without paying tariffs. The suspension was announced Wednesday (July 30), and the platforms have spoken out against...
Both incomes and consumer spending increased in June, according to estimates released Thursday (July 31) by the Bureau of Economic Analysis (BEA). Personal incomes increased 0.3% at a monthly rate in June, partially offsetting the 0.4% decrease seen in May, the BEA said in a...
How are the world’s consumer brands dealing with ongoing U.S. tariffs? As Reuters noted in a report Thursday (July 31), it depends on which company you ask. Of the 300 companies monitored by the news organization’s tariffs tracker, at least 92 have raised prices, with consumer companies...