Rising Incomes and Spending Show Economy Remains Resilient Despite Gloomy Confidence

Both US personal income and consumer spending rose in February, the Commerce Department said Friday. Total personal income increased by 0.8%, or $194.7 billion, which is driven primarily by wage increases and transfer payments. Consumer spending rose 0.4% last month, or $87.8 billion. This profit was driven by an increase of $56.3 billion in commodity […]

Champagne shipments hit by gloomy consumer mood in 2024, producers say

PARIS—French Champagne shipments fell by nearly 10% last year, with economic and political uncertainty hitting consumer appetite for sparkling wine in major markets such as France and the United States, according to a producer association. decreased. Growers in July called for a reduced number of grapes to be harvested this year after grape sales for […]

Heineken blames gloomy beer sales on rainy weather during Euro soccer championship

Shares in Dutch brewer Heineken fell nearly 10 percent on Monday after hopes of a boost in beer sales from sports failed to materialize and the company took a roughly $1 billion write-down on its China investments. The Dutch manufacturer of Europe’s top-selling large vehicles raised its full-year operating profit forecast, but some analysts said […]