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Major Credit Card Provider Warns US Consumers Are Spending Less
Tuesday, March 25, 2025 - 4:43pm | 479Read More...According to the largest provider of private-label credit cards in the U.S., consumers — pressured by years of persistent inflation — are reducing spending as the economic outlook worsens. What To Know: Synchrony Financial's (NYSE:SYF) chief credit officer Max Axler told Reuters that while most...
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Are US Consumers Starting To Crack? Pessimism, Loan Defaults, Bargain-Hunting Rise
Friday, March 21, 2025 - 11:35am | 632Read More...Americans have been dealing with the rising costs of housing, groceries and transportation for years. A slew of new data suggests the formerly resilient U.S. consumer may be starting to crack. What To Know: The latest report from Fitch Ratings showed a growing number of people are unable to keep...
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Trump's Tariff Plans, Canada's Possible Retaliation, And Larry Summers' Inflation Risk Warning: This Week In Economics
Sunday, December 1, 2024 - 7:00am | 613Read More...The week was packed with significant economic and political developments, capturing the attention of markets and analysts alike. From Donald Trump‘s bold tariff announcements to Canada‘s potential countermeasures, the news cycle was anything but dull. Meanwhile, economic...
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Tech Stocks Rise Ahead Of Key Earnings, Gold Smashes Records, Bitcoin Nears All-Time Highs: What's Driving Markets Tuesday?
Tuesday, October 29, 2024 - 1:54pm | 1076Read More...Wall Street took a breather on Tuesday, with most major indices treading water, while tech stocks saw gains as investors braced for earnings reports from mega-cap companies. The Nasdaq 100 rose 0.7%, buoyed by anticipation around upcoming earnings from Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) and...
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Consumer Confidence Declines As Worries Over Economy Persist
Tuesday, June 25, 2024 - 1:22pm | 655Read More...Consumers are slightly more concerned over the economy this month as they assess current business and labor market conditions, according to data released Tuesday. The Conference Board said its Consumer Confidence Index dipped from 101.3 in May to 100.4 in June, while its Present Situation Index —...
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Consumer Confidence Rebounds In December
Tuesday, December 30, 2014 - 11:43am | 124Read More...The U.S. Consumer Confidence rebounded slightly in December, according to Tuesday's data point. The Conference Board Consumer Confidence Index improved to 92.8 from 88.7 in November, but fell short of the 93.2 analysts were expecting. “Consumer confidence rebounded modestly in December, propelled...
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Retailers Face a Tough Holiday Shopping Season
Friday, November 29, 2013 - 2:51pm | 357Read More...When Morgan Stanley issued a report in late October, predicting the worst holiday shopping season since 2008, they apparently weren't lying. Reuters confirmed Morgan Stanley's thesis on Wednesday when it published an article with the headline, “For U.S. stores it is ugly out there: in more ways...
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Consumer Confidence Increases in April on Improved Outlook
Tuesday, April 30, 2013 - 11:13am | 540Read More...The Conference Board Consumer Confidence Index, which had declined in March, increased in April to 68.1 from 61.9 in March. Note that the index began in 1985 with a reading of 100, and levels above 90 are generally consistent with a strong economy. As such, while improving, the reading is still...
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Consumer Confidence Falls in June for the Fourth Consecutive Month
Tuesday, June 26, 2012 - 11:46am | 489Read More...The Conference Board's Consumer Confidence Index is an indicator intended to measure consumer confidence in the United States, which is classified as the level of optimism for the general economic condition of the country. This index is expressed through consumer's activities of savings and...
