consumer spending

A slowdown in consumption in March appears to have unwound in April, according to the latest weekly payment card transactions data from the Bureau of Economic Analysis (BEA), indicating consumers are shrugging off the chance of a recession. What Happened: Card spending advanced by 15.5% for the...

In the month of June, U.S. households faced inflationary pressures not seen since the 1980s, causing consumers to spend more money on fewer goods. What Happened: On Friday, the Bureau of Economic Analysis reported a 1.1% increase in consumer spending, which correlates with the highest consumer...

On Friday, the University of Michigan Surveys of Consumers released the consumer sentiment index for June 2022. What Happened: The consumer sentiment index for June was 50.0, resulting in a -14.4% change since May, which was the lowest report on record. The decline in consumer sentiment is broad...

In the face of rising cases of COVID-19, more companies are delaying their planned return to offices until January 2022, including Apple (NASDAQ: AAPL), which was due to welcome employees back in September. Fears of the more contagious Delta variant have also caused a few states and big cities to...

Consumers are not very happy: sentiment among shoppers fell by 13.5% to 70.2% in August, according to the most recent Surveys of Consumers University of Michigan report. The drop is the consumer sentiment index’s third-largest single-month decline. What Happened: Declines like this have...

The last two years have proven to be unusually volatile, even for the roller-coaster-ready logistics industry. While the need for essentials soared, demand was depressed across most sectors during the height of the pandemic. As states reopened and vaccines became available, consumers ventured out...

These days, monthly inflation reports carry almost as much weight in the market as monthly job reports. Today’s consumer price index for July came in around expectations, meaning the impact on Wall Street might not be too heavy. Consumer prices rose 0.5%, right on target with the average...

CNBC host Jim Cramer has picked stocks of tech giant Apple Inc. (NASDAQ: AAPL) and thirteen other companies as best plays amid a potential rebound in consumer spending in the U.S. What Happened: Cramer said on his “Mad Money” show that recent upbeat quarterly earnings results from major...

Preliminary net Class 8 truck orders in December were the fourth highest in history at 50,900 units. The surge in bookings reflects continued demand for consumer goods, an awakening of the manufacturing sector and robust fleet profits from tight freight capacity. A driver shortage is worsened by...

The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...

Shoppers planned to spend an average of about $86 each this Halloween season, between costumes, candy for the youngsters and scary stuff for the yard, according to data from the National Retail Federation. Halloween revelers in the United States will spend about 50 cents less per person on average...

Teens head to Alphabet Inc. (NASDAQ: GOOGL)’s YouTube and Netflix Inc. (NASDAQ: NFLX) for entertainment and Amazon.com Inc. (NASDAQ: AMZN) to buy stuff, a new survey shows. Watching Online Teens spend 37% of the time they’re consuming video entertainment watching YouTube, slightly ahead...

Consumer confidence could surge in July with both the Dow Jones Industrial Average and the S&P 500 showing out in June. The S&P 500 closed out the start of the year with its best first-half numbers since 1997. Stocks closed higher Friday, June 28 in anticipation of trade talks between U.S...