consumer spending
US clothing retailers test rich shoppers with new pricing strategy as tariffs persist
While lower-income households are hunting for bargains as U.S. President Donald Trump's trade war has forced companies to raise prices, wealthier consumers are buying steadily, largely unaffected by the cooling labor market.
US economy rebounds more than expected — with GDP growing 3% despite tariffs
Consumer spending registered lackluster growth of 1.4%, though it was an improvement over the first quarter’s 0.5%.
Wholesale prices post smaller-than-expected increase ahead of Fed meeting next week
So far, Trump's tariffs don’t seem to have had much of an impact on prices overall.
Procter & Gamble slashing 7K jobs, exiting brands as tariffs roil consumer goods giant
The job cuts amount to about 6% of its workforce, which P&G characterized as part of its ongoing strategy.
Fed's preferred inflation gauge cools to lowest level since September — calming rattled markets
Economists and some business executives have warned that prices will likely head higher as Trump’s widespread tariffs take effect, though the timing and impact of those duties are now in doubt after...
Fed's key inflation gauge cools as Americans rushed to buy cars ahead of Trump tariffs
The slowdown in inflation could be a temporary respite until the widespread duties imposed by Trump begin to push up prices in many categories.
Big Lots to reopen more than 100 shuttered stores after bankruptcy filing
“We’re excited to bring an additional 132 Big Lots! locations back to life in May,” said and CEO of Variety Wholesalers, which acquired more than 200 Big Lots stores.
US consumers stockpile goods ahead of Trump's new tariffs: 'Preparing for the worst'
Like a growing number of U.S. shoppers, Jennings believes retail prices will soon rise because of Trump's tariffs.
Americans slashed spending on major life plans under Biden due to economy fears: survey
The Wells Fargo “Money Study” found that 33% of respondents said they were postponing buying a new home, one in six have delayed plans to go to college and one...
Holiday sales jump more than expected as retailers slash prices
Heading into the holiday season, many US retailers described their consumers as "selective," "cautious" and "conservative," and making "needs-based" purchases.
Americans will waste $10.1B on unwanted holiday gifts — and 53% will get a disappointing present
Americans are expected to blow an estimated $10.1 billion on unwanted gifts this holiday season, according to a forecast conducted by a personal finance website.
Trump voters poised to spend big for the holidays, but Harris-backers are cutting back
Trump supporters are feeling good about the future, while Harris supporters aren't so confident.
Trump tariffs could send US toy prices soaring more than 50%: trade group
A $50 tricycle would increase to as much as $78; a $25 board game could cost $39 and a $17 plush toy could spike to $27 under the tariff plan.
Personal saving sinks and economic growth slows in last GDP report before election
Consumer spending, which accounts for about two-thirds of GDP, was up 3.7% in the third quarter.
Here's why it feels like inflation is growing faster than your paycheck
Consumers have been hit hard by stunningly high prices – from big investments like housing, cars and childcare to everyday purchases at the grocery store.
Here's what the key inflation gauge does not take into account
CPI does not reflect the some everyday costs that the average American must bear, including the fees paid to babysitters and dogwalkers.
Holidays will disappoint as inflation-battered shoppers 'running out of money': ex-Target exec
The former Target vice chairman and ex-Toys R Us chief executive said it is clear consumers are running low on savings ahead of the holiday season.
Shoppers panic buying as US ports strike sparks empty shelves and rising prices on groceries, essentials
Shoppers swarmed to big-box stores and supermarkets in a frenzy of panic buying over the US ports strike -- stampeding to stockpile essentials that, in many cases, aren't affected by...
US consumer confidence plunges to worst numbers in 3 years as Americans grapple with inflation
Consumers most often mentioned high prices and inflation as factors influencing their view of the economy, The Conference Board said.
Latest major retailer files for bankruptcy, company blames high inflation
Big Lots, which sells furniture, home decor and other items, said in a statement that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal...