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China's Low Consumer Confidence Creates Panic Among Global Giants: 'We Don't Know How Long It Will Take...'
Monday, August 12, 2024 - 9:07am | 599Several multinational corporations, including Volkswagen AG (OTC:VWAGY), Mercedes-Benz and L’Oréal, are voicing concerns over a drop in demand in China, due to a slowing economy and growing domestic competition. What Happened: Reduced demand in China has been a recurring theme in half-year...
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After Amazon, Airbnb Warned of Slowing Demand, Analyst Says 'Be Cautious On Stocks That Are Exposed:' 'Consumer Is Clearly Slowing Down'
Friday, August 9, 2024 - 10:19am | 533Investment strategist, Tim Urbanowicz, expressed concerns about a slowdown in consumer spending. What Happened: On Thursday, Urbanowicz highlighted during CNBC’s Worldwide Exchange that the earnings season has pointed out “the consumer is clearly slowing down,” urging investors...
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After Amazon Blamed Trump And Olympics, Airbnb Paints Similar Grim Picture Of Falling Consumer Demand, But Says It Is Due To Israel War And New California Law
Wednesday, August 7, 2024 - 4:27am | 522Airbnb Inc. (NASDAQ:ABNB) anticipates a decrease in bookings from U.S. customers, attributing the downturn to global events and new regulations in California. What Happened: During the earnings call, Airbnb forecasted a “sequential moderation” in nights and experiences booked for the...
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Retail Sales Preview: Will Consumer Demand Fall? How Markets Reacted To Prior Reports
Monday, May 15, 2023 - 9:23am | 817The Census Bureau is expected to publish U.S. retail sales data for April prior to the start of Tuesday's trading session. Here are five key takeaways for investors ahead of the report and analyst reactions to past releases. What Investors Need To Know Economists expect retail...
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Vice Index Points To Strong Consumer Spending
Thursday, June 18, 2015 - 1:27pm | 1886The Vice Index has been revised and is now chained to January 2009. The data itself goes back to 1993. Vice spending is where the desire to spend meets the ability to spend. As the heart of consumer spending, vices adhere nicely to more conventional economic benchmarks like retail sales. Retail...