Friday's 'economic blackout day' boycott shows shoppers are fed up with high prices. Will it hit retailers where it hurts?
The companies singled out for skipping during Friday's economic blackout include behemoths like Amazon (AMZN), which is worth $2.27 trillion, and Walmart (WMT), worth over $770 billion. Neither ...
Tariff threats and uncertainty could weigh on consumers, drag down US economy, government report suggests
Data released Friday showed that consumers slashed their spending by the most since February 2021, even as their incomes rose.
Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov’t report suggests
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be ...
The week ahead – US Payrolls, ECB rate meeting, ITV results – W/c 3rd March
Having overseen another rate cut in January, the ECB has cut rates 5 times since June last year when it became the first major central bank to start its cutting cycle. With headline CPI currently ...
U.S. economy expanded at 2.3% annual pace from October to December, unchanged from initial estimate
The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by year-end consumer spending.
Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
Applications for U.S. jobless benefits rose to a three-month high last week but still in same healthy range of the past three years.
Consumers to Boycott Target, Walmart and Amazon in Feb. 28 ‘Economic Blackout’
Retailers like Target, Amazon and Walmart have found themselves at the center of grassroots calls on social media (now in the ...
Tech stocks under pressure: Nifty IT falls in 12 of last 13 trading sessions, sheds over 8% in Feb
Indian tech stocks are in decline, impacted by weak U.S. economic data and rising inflation fears. The Nifty IT Index has ...
Wall Street Retreats As Inflation Worries Mount, 5 ETFs That Stood Strong Last Week
Wall Street drops from record highs due to inflation and spending concerns. Chinese tech stocks rise. Top ETF performers in ...
We've entered the era of scaredy-cat capitalism
Trump's bum-rush first month in office has left businesses scrambling to win over the president, avoid his ire, or simply ...
Is US exceptionalism fading? The warning signs investors can’t ignore
China’s DeepSeek, a rising AI startup, has gained investor attention, signaling that U.S. tech may not have a monopoly on AI ...