consumer spending
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Business
Key inflation gauge doesn’t include credit card interest, property taxes
The key gauge to measure inflation does not take into account major expenses that have surged for consumers since the…
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Business
Ex-Target exec says holidays to disappoint, shoppers ‘running out of money’
Former Target vice chairman Gerald Storch on Thursday warned that holiday spending will likely disappoint this year as inflation-battered consumers…
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Business
Shoppers panic buying as US ports strike sparks empty shelves and rising prices on groceries, essentials
Shoppers swarmed to big-box stores and supermarkets in a frenzy of panic buying over the US ports strike — stampeding…
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Business
Consumer confidence plummets in September by most in 3 years
US consumer confidence plunged in September by the most in three years as Americans continue to grapple with high prices…
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Business
Peloton slammed over $95 activation fee for used bikes: ‘egregious money grab’
Peloton was accused of an “egregious money grab” over its controversial decision to tack on a $95 “equipment activation fee”…
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Business
Inflation eases to 3% in June — stoking hopes for Fed rate cut
Inflation numbers reported by the government on Thursday came in cooler than anticipated — fueling Wall Street anticipation of an…
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Business
Consumer confidence drops on worries about US economic outlook
US consumer confidence eased in June amid worries about the economic outlook, but households remained upbeat about the labor market and expected inflation…
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Business
Dow soars nearly 600 points after inflation gauge closely watched by Fed reignites hope for fall rate cut
The Dow jumped nearly 600 points Friday as investors breathed a sigh of relief after the Federal Reserve’s preferred inflation…
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Business
US food inflation is becoming Biden’s major hot potato
Inflation rose to 3.5% in March, an unexpected increase that continued to crush American’s wallets and President Biden’s approval rating.…
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Business
Trump’s Super PAC’s Biden-Mart shows increased grocery bills
Donald Trump’s official Super PAC has launched a new website dubbed “Biden-Mart” that lets users compare Trump-era grocery prices to…
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