Consumer confidence falls by largest decline in 3 years
Andy Puzder, a distinguished fellow at the Heritage Foundation and former CEO of CKE Restaurants, compared the economies of the Trump and Harris administrations, arguing that one plan is financially better. Consumer confidence plummeted in September, its biggest drop in more than three years, as Americans grew increasingly concerned about the state of the economy, […]
Consumer Confidence Drops – Biggest Drop In Three Years
The Pro Trump News home page features 60 new headlines every 24 hours, click here to see them. Consumer confidence fell sharply in September. The index fell to 98.7 from 105.6 in August, its biggest drop since August 2021. CNBC reported: Consumers' views of the economy fell by the most in more than three years […]
Democrat ‘Joy’ Boosts Consumer Sentiment Despite Everyone Else Feeling Worse
Most Americans had a somewhat bleak view of the U.S. economy in September, but consumer sentiment was lifted slightly by strong Democratic support. The University of Michigan's preliminary consumer confidence index for September rose to 69, the highest reading since May and up 1.6 percent from the previous month. However, the increase in consumer sentiment […]
Australian Dollar maintains position ahead of Michigan Consumer Sentiment Index – FXStreet
The AUD/USD pair is rising as US data strengthens the likelihood of an aggressive Fed rate cut next week. The U.S. producer price index rose more than expected due to rising services costs. The Fed is expected to cut interest rates by 25 basis points at its September meeting. AUD/USD rose for a third consecutive […]
Consumer Price Index eases, but core inflation rises unexpectedly
A surprise rise in a measure of underlying inflation last month dampened hopes of a big interest rate cut at the Federal Reserve's meeting next week. According to the U.S. Bureau of Labor Statistics, the consumer price index rose 2.5% in August from a year earlier and 0.2% from the previous month, in line with […]
Goldman Sachs still working to exit Apple Card partnership as consumer losses top $6 billion – 9to5Mac
Goldman Sachs is still considering exiting its partnership with Apple as losses continue to mount, a new report details. from The Wall Street JournalGoldman Sachs will lose $400 million this quarter due to a slowdown in its consumer business. Speaking at a conference this week, Goldman Sachs CEO David Solomon said the $400 loss was […]
Grocery stores roll out surge pricing: Smart move or consumer exploitation?
No matter how much the Biden-Harris Administration downplays and denies it, food prices are rising and Americans are struggling to put food on the table. Americans are spending the highest percentage of their income on food in the past 30 years, and that shows no signs of slowing. By the end of last year, the […]
Failure to warn Oasis fans of dynamic pricing may be consumer law breach, say experts | Oasis
After it was revealed Ticketmaster plans to roll out “dynamic pricing” more widely, experts say it may have broken consumer law by failing to warn Oasis fans that ticket prices could rise while they were queuing. Excitement surrounding the Manchester band's long-awaited reunion tour turned to disappointment and anger over the weekend, as fans expressed […]
Inflation Climbed At Moderate Pace In July as Consumer Spending Picked Up
Consumer prices rose at a slightly faster pace last month than the month before, Commerce Department data released Friday showed. The personal consumption expenditures price index rose 0.2% in July from June, accelerating from June's 0.1% increase from May, the acceleration was in line with economists' expectations. Over the past year, the personal consumption expenditures […]
Dollar General stock slides as earnings show soft consumer demand
Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” Dollar General The stock plunged 27% on Thursday after the company reported second-quarter results that showed weakening consumer demand and lowered its full-year sales and profit forecasts. The company's operating profit […]