Tag #Consumer Spending

Showing 25 to 36 of 363 results

cnn.com
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Back-to-School Costs Soar 9% Amidst Tariff Impacts

Online back-to-school apparel and accessory prices surged 9% year-over-year in July, impacting families financially as discounts also decreased; experts attribute the increase to the lagged effects of tariffs imposed by the Trump administration.

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44% Bias Score

abcnews.go.com
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Target CEO Cornell to Step Down Amidst Sales Slump

Target CEO Brian Cornell announced his resignation, effective February 2024, following recent slow sales and a 21% net income drop in the quarter ending August; COO Michael Fiddelke will replace him.

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40% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 75% Global Worthiness
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Home Depot to Raise Prices Due to Tariffs, Economic Uncertainty

Home Depot announced modest price increases on some imported goods due to higher tariffs imposed by the Trump administration, impacting its net income despite a 5% sales increase; economic uncertainty and high interest rates are delaying large home renovation projects.

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36% Bias Score

Reduced Inequality
theguardian.com
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Lidl's Sales Surge Challenges UK Supermarket Hierarchy

Lidl's sales rose 10.7% in the three months to August 11, almost double the market average, putting it 0.1 percentage points behind Morrisons (8.4% share) as consumers sought cheaper groceries amid high inflation. Tesco leads with 28.4% market share, while Asda (-2.6% sales growth) and Morrisons fac...

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40% Bias Score

No Poverty
cnn.com
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US Economy Remains Strong Despite Trade Uncertainty

Despite decreased consumer sentiment due to President Trump's tariffs, US retail sales rose 0.5% in July, fueled by low unemployment (4.2%) and businesses' proactive strategies to mitigate tariff costs; however, rising producer prices signal potential future inflation.

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40% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 65% Global Worthiness
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Spanish Inflation Eases in July, But Food Prices Remain a Concern

Spain's July inflation eased to 2.7%, down from 10.8% three years ago; food prices also rose 2.7%, with some items like eggs increasing while others like olive oil decreased; consumer behavior shifts toward smaller quantities and budget brands.

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40% Bias Score

Zero Hunger
npr.org
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Retailers Face Rising Tariff Costs: Walmart Sales Grow Despite Price Hikes

Walmart's US sales grew 4.6% despite rising weekly tariff costs, contrasting with Home Depot's slower 1.4% growth due to economic uncertainty, not primarily price increases.

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36% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Target Appoints Internal CEO Amidst Sales Decline

US retail giant Target appointed Michael Fiddelke, its chief operating officer, as its new CEO, replacing Brian Cornell in February, amidst declining sales and share price due to rising prices, tariff uncertainty, and competition, prompting concerns about consumer spending on discretionary products.

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
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UK Grocery Inflation Eases Slightly, But High Food Prices Persist

UK grocery inflation dipped to 5% in the four weeks ending August 10th, down from 5.2%, but is predicted to rise to 6% by year-end, impacting household budgets; restaurant visits are down 6% due to increased grocery spending.

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40% Bias Score

No Poverty
theglobeandmail.com
🌐 75% Global Worthiness
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Inflation, Earnings Reports to Shape Market Trends

This week's economic focus is on inflation data and corporate earnings, influencing the Bank of Canada's interest rate decision and investor sentiment in retail and technology sectors.

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36% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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US Economy Remains Strong Despite Tariffs and Low Consumer Sentiment

Despite low consumer sentiment (58.6) and Trump's tariffs, the US economy remains strong due to low unemployment (4.2%), robust consumer spending (contributing 70% to economic output), and businesses' effective mitigation strategies, although inflationary pressures are rising.

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44% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 75% Global Worthiness
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Rising Grocery Prices Stress American Families

Rising grocery prices in the US, up 2.2% year-over-year in July, are causing significant financial stress for American families, leading to changes in shopping habits as consumers seek ways to cut costs amid soaring prices for beef and coffee.

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44% Bias Score

Zero Hunger

Showing 25 to 36 of 363 results