consumer spending
ASX 200 Defies Global Tensions with Local Spending Surge and Mining Gains
Australia’s S&P/ASX 200 index saw a significant rise, propelled by robust local consumer spending and a strong performance in the mining sector. This upward trajectory occurred even as global geopolitical tensions, particularly between the US and Iran, cast a shadow…
Tesco Shares Tumble Despite Market Share Gains: High Expectations Meet ‘Relentless’ Price War
Tesco’s shares dropped nearly 5% despite increasing its market share to 28.7% and projecting higher annual profits. Weaker-than-expected Christmas sales and intense competition fueled investor disappointment amid a ‘relentless’ price war.
Chipotle Stock Plummets: What’s Driving the 19% Drop and Investor Anxiety?
Chipotle’s stock suffered its steepest fall in over a decade after cutting its sales forecast for the third straight quarter. Investors are reacting to sluggish consumer spending, declining restaurant traffic, and industry-wide headwinds, raising questions about the chain’s future growth.
US Q1 2025 GDP Declines 0.2% Amid Rising Imports
The US economy contracted by 0.2% in Q1 2025, driven by rising imports and reduced government spending, according to the latest GDP estimate.
PepsiCo Lowers Earnings Forecast Amid Tariff and Consumer Spending Concerns
PepsiCo has revised its earnings forecast downward, citing global trade uncertainties and subdued consumer spending. The company reported mixed Q1 results, with revenue falling 1.8% year-over-year.
Key Indicators Economists Monitor for a Potential U.S. Recession
Economists analyze metrics like consumer spending, job market trends, and trade policies to predict the likelihood of a U.S. recession in the near future.
US Retail Sales Surge 1.4% in March Amid Pre-Tariff Rush
Retail sales in the US increased by 1.4% in March, driven by strong auto sales ahead of tariffs, according to the Commerce Department.