Shares of Tesco plc (LON: TSCO) ended roughly flat on Friday even after the supermarket giant said its underlying U.K. sales took a hit in the first quarter of fiscal 2023. Tesco U.K. sales were down ...
Tag: Consumer
Consumer Spending Is Running Out Of Steam and the Market Isn’t Ready For It
(Bloomberg) — A key source of US economic growth this year — consumer spending — is showing signs of losing steam, even before Wednesday’s round of Federal Reserve rate hikes kick in...
Consumer Interest in Crypto Remains Strong – Featured Bitcoin News
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey,...
Luxury brands say China’s latest Covid wave whacked consumer demand
China’s retail sales plunged 11.1% in April from a year ago as Covid controls kept many people at home and malls closed. Pictured here is a luxury store in Shanghai on June 4, 2022, just a few d...
Revlon Stock Collapses On Reports Of Imminent Chapter 11 Bankruptcy
Updated at 3:46 pm EST Revlon (REV) – Get Revlon Inc. Report shares extended declines Monday following a report that suggested the iconic cosmetics group could file for Chapter 11 bankruptcy pr...
Consumer Staples Stocks Are Usually Safe. Here’s Why They’re Getting Crushed.
Text size Stock for Procter & Gamble, maker of Dawn dish soap, is down 13% since April 20. Joe Raedle/Getty Images Consumer staples stocks have been crushed in the past couple of months. They are ...
Under Armour Stock Has Tanked. Director David Gibbs Scooped Up Shares.
Text size Under Armour stock plunged in early May after the company reported a first-quarter loss. Brandon Bell/Getty Images/Getty Images Under Armour stock has tumbled in 2022, but director David W. ...
Bitcoin sinks in reaction to US Consumer Price Index hitting 40-year high at 8.6%
? Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin’s (BTC) price sank following the latest U.S. Consumer Price Index (CPI) release, which showed that the index had hit 8...
Panera Launches A Digital-Only To-Go Model To Meet Changing Consumer Demands
A rendering of the new Panera To-Go model, that is focused on urban markets and is 100% digital. Panera It’s not news that consumer behaviors changed for good from the Covid-19 pandemic. In the restau...
Amazon’s Consumer Chief Dave Clark Joins Supply Chain Startup Flexport As CEO
Outgoing Amazon Worldwide Consumer chief Dave Clark is joining supply chain unicorn Flexport as co-CEO. Grant Hindsley Former Amazon consumer chief Dave Clark has a new job: co-CEO, and eventually sol...
Truflation updates its inflation index to better reflect real consumer spending
Truflation, the world’s leading independent inflation index, is now able to offer a more accurate reflection of consumer spending, thanks to a revolutionary new feature announced today. With data on c...
Crypto Bill Condemned by Consumer Advocates in Washington
“The bill gives the industry what it wants most: the Commodities Futures Trading Commission (CFTC) as its primary regulator, even though it exists to police markets where physical producers and purcha...
3 retail stocks to watch after Target’s latest consumer spending warning
The home furnishings industry could become awash with much cheaper goods thanks to a second consecutive warning on the health of the consumer from discounter Target. Target is aiming to cut inventory ...
Bank of America is ‘cautiously optimistic’ as consumer spending up 9% in May
Apparently, consumers were willing to spend more in May, despite the worsening buying conditions and poor sentiment. Bank of America’s (NYSE: BAC) latest Consumer Checkpoint report showed that consum...
Best Buy Founder Richard Schulze Bought a Big Block of Stock
Text size People shopping in a Best Buy store. Richard Schulze, Best Buy’s founder, bought $20 million in shares of the electronics retailer. Valentin M Armianu/Dreamstime.com Best Buy stock has tumbl...
Micron Stock Slumps After Downgrade. Why the Analyst Fears the Consumer.
Text size Dreamstime Micron Technology stock was slumping Friday after the memory chip manufacturer received the first Sell-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgrad...
Top 2 beauty stocks to benefit from increased consumer spending on cosmetics
More recent earnings by large retail companies were not all that great, indicating that consumers might have difficulties coping with inflation. However, the most recent developments in consumer spend...
Amazon Stock Extends Gains Into 20-For-1 Split Slated For Friday
Updated at 2:57 pm EST Amazon (AMZN) – Get Amazon.com, Inc. Report shares moved higher Wednesday, potentially extending their recent winning streak to a sixth consecutive session, ahead of an e...
Consumer Confidence Declined In May Amid Inflation And Rising Interest Rates
Getty Images Key takeaways The Conference Board’s Consumer Confidence Index fell in May amidst 40-year-high inflation Consumers cite increasing worries about food and energy prices, plus decreasing de...
Why Costco Won’t Raise the Price of Its Hot Dogs
Text size Costco’s membership renewal rate for the U.S. and Canada stood at 92.3% last quarter. David Pail Morris/Bloomberg Costco Wholesale takes care of its more than 64 million members. The s...
Unilever Stock Rises Sharply as Nelson Peltz Is Added to Board
Text size Unilever makes food and household goods such as Dove soap, Hellmann’s mayonnaise, and Ben & Jerry’s ice cream. ANP/AFP via Getty Images Unilever said it appointed Nelson Pelt...
Record Trade At 19 Of Top 20 U.S. Ports, Inflation, Consumer Debt
The top 20 “ports” accounted for just under two-thirds of all U.S. trade, according to the latest … [+] data. Nineteen of the top 20 registered a record total. ustradenumbers.com Nin...
Altria Stock Gets Downgraded by Morgan Stanley. Gas Prices Are Partly to Blame.
Text size Analyst Pamela Kaufman lowered her price target to $50 from $54. Illustration by Joel Arbaje Altria Group stock fell Wednesday after Morgan Stanley warned of increasing headwinds to the ciga...