consumer spending
Walgreens CEO calls consumers ‘increasingly selective and price-sensitive’ as retailer cuts profit outlook
Business
Walgreens’ (WBA) quarterly results are the latest sign that US consumers are increasingly under pressure. Shares of Walgreens Boots Alliance tanked 24% ...
Demand for summer concerts cools after last year’s Taylor Swift and Beyoncé megatours
Entertainment
For the past few years, live music has enjoyed an explosive post-pandemic revival, as “revenge spending” fans itching to get back into ...
Jerome Powell’s Federal Reserve is stuck in a self-defeating paradox that makes cutting rates more difficult, economist warns
Business
The Federal Reserve has talked financial markets into creating an easier environment, which paradoxically makes lowering rates a more difficult task for ...
Biden’s manufacturing industry is expanding. That could be bad for inflation
Politics
American manufacturers have been squeezed for the past two years by lingering supply-chain disruptions and high interest rates, but the industry finally ...
US Inflation Gauge Seen Bolstering Fed Patience on Rates
Business
(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
“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
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
(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
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: ...