Consumer Spending

GDP Shrinks Amid Drop in Motor Vehicle Spending

GDP Shrinks Amid Drop in Motor Vehicle Spending
GDP Shrinks Amid Drop in Motor Vehicle Spending
April 28, 2022  |  Economy

The U.S. real gross domestic product (GDP) shrank at an annual rate of 1.4% in the first quarter of this year, according to figures released...

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Visa: Consumer Spending Tops 2019 Levels as Cardholders Shake Off Inflation and War
Visa: Consumer Spending Tops 2019 Levels as Cardholders Shake Off Inflation and War
April 26, 2022  |  Credit Cards

For Visa, neither war in Europe nor inflation can stop the consumer juggernaut, or the continued pivot toward tap to pay.  Get the Full Story...

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Big Tech’s Stock Drubbing Looks Set to Continue Into Earnings Season
Big Tech’s Stock Drubbing Looks Set to Continue Into Earnings Season
April 26, 2022  |  Big Tech

Big Tech is looking smaller every day — if you are using stock prices as a yardstick. Get the Full Story Complete the form to...

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Consumer Interest in Experiences Over Goods Puts Drag on Residential Deliveries 
Consumer Interest in Experiences Over Goods Puts Drag on Residential Deliveries 
April 26, 2022  |  Delivery

Consumers are choosing experiences over goods when spending money, UPS executives report. The company has heard from its customers that there has been some shift...

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Trucking’s Downturn, Paycheck to Paycheck Pressures Signal Recession May Be Here
Trucking’s Downturn, Paycheck to Paycheck Pressures Signal Recession May Be Here
April 26, 2022  |  Economy

Connect enough data points, and the mosaic offers up a portrait of recession. Get the Full Story Complete the form to unlock this article and...

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US Pandemic-Driven Demand for Appliances Is Declining, Whirlpool Says
US Pandemic-Driven Demand for Appliances Is Declining, Whirlpool Says
April 25, 2022  |  Consumer Finance

Whirlpool said U.S. consumers might be losing interest in appliances after two years of the pandemic, The Wall Street Journal reported Monday (April 25). Get...

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Today in Data: Inflation Has Consumers Sticking to Essentials
Today in Data: Inflation Has Consumers Sticking to Essentials
April 25, 2022  |  Today In Data

Today in data, with inflation at its highest rate last month since 1981, a majority of U.S. adults — 154 million people — reported they...

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The Knot CFO Says Vendors Brace for Burst of Business as Weddings Hit 20-Year High
The Knot CFO Says Vendors Brace for Burst of Business as Weddings Hit 20-Year High
April 25, 2022  |  Retail

“This is going to be a season for the ages, for sure,” said Andy Ivanovich, chief financial officer at The Knot Worldwide. Get the Full...

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Amex Card Spend up 28% as Younger Consumers’ Urge to Splurge Trumps Inflation
Amex Card Spend up 28% as Younger Consumers’ Urge to Splurge Trumps Inflation
April 22, 2022  |  Earnings

For American Express there’s no recession in cards — literally — at least as evidenced by growing use of credit. Get the Full Story Complete...

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