Retail sales in the U.K. declined in August as falling households’ real incomes due to high inflation weighed on consumer spending on goods. Retail sales volumes fell 1.6% on month Read more
Tag: Spending
Inflation hits each of us differently. Your age, budget and spending priorities affect how you handle rising prices.
It’s easy to think of inflation as an equal-opportunity scourge. But its impact varies by individual. Your age, budget and spending priorities affect how you experience inflation. While rising prices Read more
Opinion: Bear market blues: How to keep a sense of financial control in uncertain times.
Between pandemic lockdowns, health scares, contentious politics and significant inflation with rising prices, many U.S. investors might feel they’re losing control of their situations. Add to that a bear market Read more
Consumer credit leaps again in sign of steady spending — and high inflation
The numbers: The amount of credit consumers used in June rose by higher than expected $40.1 billion, suggesting Americans are still spending plenty of money but also borrowing more because of Read more
Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says and these cost-effective cooking tips won’t leave you with an empty stomach — or wallet
Hi, MarketWatchers. Don’t miss these top stories. This startup founded by former Airbnb employees lets you try out vacation homes before you buy them Try before you buy: second-home edition. Read more
Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says
A “great slowdown” is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens. Amid weak Read more
U.S. consumer spending climbs sharply in June, but mostly because of high inflation
The numbers: Consumer spending, the main engine of the U.S. economy, jumped 1% in June, but the big increase largely reflected higher prices that Americans are paying due to rising Read more
Mastercard earnings top expectations amid ‘robust’ spending
Mastercard Inc. became the latest payments company to signal upbeat spending trends as the card giant posted a sizable earnings beat and said it had yet to see notable impacts Read more
Visa tops earnings expectations as travel spending hits recovery milestone
Visa Inc. topped expectations with its latest results, showing continued growth in consumer spending despite uncertainties about the economy. The company notched fiscal third-quarter net income of $3.41 billion, or Read more
Amex shrugs off macro fears with huge earnings beat powered by strong spending
Shrugging off concerns about consumer spending habits in shaky economic times, American Express Co. posted a massive revenue beat Friday and boosted its outlook for the full year. The company Read more