consumer spending

US Inflation Gauge Seen Bolstering Fed Patience on Rates

Business
Jessica Roberts

(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are ...

Time running out for rate cuts, Jim Bianco warns before Fed meeting

Business
Jessica Roberts

“I’m in the camp that the Fed does not change policy in the summer of an election year,” the Bianco Research president ...

Average Credit Score Drops for First Time in 10 Years

Business
Jessica Roberts

The average credit score has fallen for the first time since 2013, according to FICO, the data analytics firm whose credit scoring ...

RPT-War with Hamas dents Israel economy but strong rebound seen afterwards

World
David Turner

(Repeats Feb. 14 story with no changes to text) * Economy to bounce back in 2025 if Gaza war contained * Crowds ...

3 stock picks for a shockingly resilient consumer market

Business
Jessica Roberts

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: ...

US economic data points to ‘real momentum’ for 2024, White House says

Politics
Amanda Smith

By Andrea Shalal (Reuters) – Higher consumer spending over the holiday season, real wage gains over the last nine months and a ...

These 2 FAANG Stocks Could Be Unstoppable Winners in 2024: Time to Buy?

Business
Jessica Roberts

It’s the end of the year, and that means Wall Street firms put out their top stock picks for 2024. Doug Anmuth, ...

Walmart customers behaving so strangely it’s making bosses ‘sit up in their chairs’

Business
Jessica Roberts

Walmart president and CEO Doug McMillon said individuals were opting for bargains. Derek White—Getty Images for Operation HOPE, Inc. The current state ...

Asian shares mostly decline, as investors watch spending, inflation

Sports
Daniel Miller

TOKYO (AP) — Asian shares retreated Monday as investors awaited updates on consumer spending and inflation in the U.S. and other nations. ...

Walmart stock moves lower as upbeat sales are offset by cautious guidance

Business
Jessica Roberts

Shoppers are still flocking to Walmart (WMT), but America’s largest retailer is sounding cautious about the future amid an uncertain macroeconomic backdrop. ...