The efforts of third-party sellers on platforms like Amazon to stock up on goods to avoid the cost of tariffs will reportedly work for only a limited time. Because shoppers are also buying ahead to avoid the impact of tariffs, merchants will eventually sell down...
The latest jobs data indicate that employers added more positions in April than had been expected, and the news may, incrementally, make consumers feel a bit better about their employment prospects. But any uptick in sanguine sentiment, at least on the work front, may not...
The number of initial claims for unemployment insurance in the United States rose by 18,000 during the week ended Saturday (April 26), the Department of Labor said in a Thursday (May 1) press release. The number reached 241,000, up from the previous week’s revised level...
Microsoft raised the recommended retailer pricing for its Xbox consoles and controllers worldwide, effective Thursday (May 1), and said it expects to raise the price of its new, first-party games starting during the holiday season. “We understand that these changes are challenging, and they were...
Group of 30, an independent global consultative group, said Wednesday (April 30) that the Federal Reserve should focus on its 2% inflation target, prioritizing that over its unemployment objective. “The central bank should also shift the employment objective back to seeking the maximum level of...
Consumer spending, the chief engine of economic growth, was not enough to stop an overall pullback in U.S. gross domestic product (GDP). And with evidence of a slowing gains in disposable income, consumers’ appetite to keep spending look set to be tested. The Bureau of...
Consumer confidence declined for the fifth consecutive month in April as consumers expressed growing concerns about tariffs’ negative effects on prices and the economy, The Conference Board said Tuesday (April 29). Confidence declined across all age groups, most income groups and all political affiliations, according...
Springtime in Washington, D.C. Cherry blossoms color the presidential monuments. Outdoor cafés in Georgetown are bustling. It’s a time when the talk of the town turns to … baby strollers. That’s right. Baby strollers. Ninety-seven percent of them are made in China and they played...
Trade and tariffs may be the dominant risks to banks and corporates, but in the Federal Reserve’s latest “Financial Stability Report,” nonbank firms, leveraged debt and stablecoins are on the list of threats to the financial system in the United States. Runnables, which are short-term,...