Brands that cater to the uber wealthy saw a dip in sales for the first quarter of 2025, continuing a slowdown that started last year.
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The Fed was already walking a tightrope over a bottomless pit of stagflation before waves of tariffs came to rattle the line.
You can’t bounce back without first getting low. And, in April, consumer confidence according to the Conference Board got real low.
Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.
To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.
Banks pocketed huge sums in the first quarter from equities because the “increased market volatility” triggered a rush on transactions.
That’s right: CPI fell 0.1% in March, according to the US Labor Department, marking the first month-over-month decline since May 2020.
The $1.1 billion acquisition comes just as egg prices are ever so slightly starting to trend down in the US.
Big Tech is hoping AI-powered smartphones will be the first of many great returns on its eye-popping AI investments.
Policy uncertainty, particularly around how tariffs will ripple through the economy, continued to stoke recession fears last week.
The good news: Inflation may be calming down. The bad news: Likely-inflationary tariffs are just starting to hit now.
A slew of retail company earnings reports last week raised the spectre of sapped spending as executives discussed tariffs.
On Tuesday, President Donald Trump slapped import duties on Canada and Mexico, kicking off a full-fledged economic war.
The latest data suggests markets and manufacturers aren’t taking Trump’s tariffs on Mexico, Canada, and China all that well.
If the US consumer is the engine driving the economy, then some funky noises are coming from underneath the hood.