consumer
By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods surged in November amid strong demand for machinery, while new home sales rebounded after being weighed down by hurricanes, offering more signs that the economy is on solid footing as the year ends. But concerns over plans by President-elect Donald Trump’s incoming administration […]
In 2023, Black consumer spending on Beauty products amounted to $9.4 billion, with dollar, unit, and household growth outpacing growth for the US at large. This growing cohort currently accounts for an estimated 14.4% of the US population, which is a 32% increase since 2000. Just under half of Black Americans are under 30, and […]
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WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. WATCH: 3 things to know about egg prices and shortages According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the […]
What’s going on here? As Black Friday approaches, all eyes are on US consumer habits and retail performance to gauge responses to persistent high prices despite eased inflation. What does this mean? The S&P 500’s upbeat 1.7% boost following a robust third-quarter earnings season highlights solid investor sentiment, with earnings projected to climb 9% over […]
The U.S. consumer and retail sector take center stage as Black Friday marks the start of the holiday shopping period, testing how buyers are handling ongoing price pressures. The S&P 500 has risen by 1.7% recently, nearing record highs after a strong corporate earnings season. While Walmart revised its annual sales forecast upwards, Target’s […]
It’s no surprise that Call of Duty: Black Ops 6 would help boost sales, as it’s one of the most popular and best-selling game franchises out there. As a result, US games consumer spending is rising once more in the month of October, with the sales being boosted nicely by the launch of Call of […]
Third-quarter GDP forecast to increase at a 3.0% rate Consumer, business spending expected to add to GDP growth Core PCE inflation seen rising at a slower 2.1% pace Key report lands days before presidential election WASHINGTON, Oct 30 (Reuters) – The U.S. economy likely maintained a solid pace of growth in the third quarter as […]
As we navigate the AI-driven world, one reality stares us in the face: Black Americans stand on the edge of becoming permanent members of a global consumer class. This is not a bleak prophecy, but a very real warning. Our participation in the AI, blockchain, quantum physics, and Metaverse revolutions will determine our future place […]
Consumer sentiment index rises to 69.0 in September One-year inflation expectations dip to 2.7% from 2.8% Import prices fall 0.3% in August; up 0.8% year-on-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household incomes improve, […]