Though acknowledging “mixed signals” in the economy, American Express Co. once again cited strong spending trends as the financial services giant posted better-than-expected earnings for its latest quarter. The company Read more
Tag: Spending
American Express says spending remains strong as earnings top expectations
Though acknowledging “mixed signals” in the economy, American Express Co. once again cited strong spending trends as the financial services giant posted better-than-expected earnings for its latest quarter. The company Read more
Walmart is still seeing ‘strong’ demand and spending, its U.S. CEO says
““We certainly are watching the market very closely, but what we see from customers is that spending is still strong. There’s a lot of demand in the United States and Read more
Olaplex stock tanks 45% as company says salon-goers are spending less on hair-care services
Hair-care company Olaplex Holdings Inc. hasn’t had an easy go of things on the public market. Shares of the company, which makes products aimed at restoring damaged hair, were already Read more
Macy’s, Nordstrom lower outlooks as consumer spending expected to slow
Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending. Macy’s M, +4.00%, the biggest U.S. department-store Read more
Halloween spending expected to increase by $500 million — as candy prices soar at the highest rate on record
It’s going to be a big year for Halloween, despite millions of Americans feeling under financial pressure due to inflation. Total spending is expected to hit $10.6 billion, an increase Read more
Halloween spending expected to increase by $500 million — as candy prices soar at the highest rate on record
It’s going to be a big year for Halloween, despite millions of Americans feeling under financial pressure due to inflation. Total spending is expected to hit $10.6 billion, an increase Read more
JPMorgan CEO Dimon says inflation hasn’t dampened consumer spending yet but give it time
JPMorgan Chase & Co. CEO Jamie Dimon on Thursday said inflation remains a major concern but for now consumers are doing OK. Dimon compared the plight facing the U.S. to Read more
Taiwan Semi rallies as exposure to China restrictions minimal, capital spending cut
Taiwan Semiconductor Manufacturing Co. injected some much needed optimism into the chip sector Thursday, after the third-party silicon-wafer fabricator reported results and an outlook that indicated the market wasn’t in Read more
Consumers pull back on online shopping. Here are the biggest discounts this holiday season — and exactly when to buy them.
American consumers are tightening their purse strings this holiday season. Online holiday sales are expected to rise by just 2.5% to $209.7 billion this year, the slowest rate of growth Read more