Soaring Credit Card Defaults Signal U.S. Economic Vulnerability
U.S. credit card defaults reached a 14-year high in the first nine months of 2024, with $46 billion in write-offs—a 50% increase from 2023—raising concerns about the economy's stability and highlighting the disproportionate impact on low-income households.
Soaring Credit Card Defaults Signal U.S. Economic Vulnerability
U.S. credit card defaults reached a 14-year high in the first nine months of 2024, with $46 billion in write-offs—a 50% increase from 2023—raising concerns about the economy's stability and highlighting the disproportionate impact on low-income households.
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44% Bias Score
Slowdown in Spanish Retail Sales Growth in November 2024
Spanish retail sales grew 1% year-on-year in November 2024, slower than October's 3.4% and below forecasts, primarily due to decreased food and non-food spending; however, year-to-date growth stands at 1.5%, with Q3 showing strong gains in consumer and tech goods.
Slowdown in Spanish Retail Sales Growth in November 2024
Spanish retail sales grew 1% year-on-year in November 2024, slower than October's 3.4% and below forecasts, primarily due to decreased food and non-food spending; however, year-to-date growth stands at 1.5%, with Q3 showing strong gains in consumer and tech goods.
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24% Bias Score
Online Holiday Sales Surge 6.7%, Outpacing In-Store Growth
Online holiday sales from November 1st to December 24th increased by 6.7% compared to last year, exceeding in-store sales growth (2.9%) and the projected overall increase of 3.2%, driven by online discounts and convenient options offered by retailers.
Online Holiday Sales Surge 6.7%, Outpacing In-Store Growth
Online holiday sales from November 1st to December 24th increased by 6.7% compared to last year, exceeding in-store sales growth (2.9%) and the projected overall increase of 3.2%, driven by online discounts and convenient options offered by retailers.
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48% Bias Score
Financial Distress Rises Among UK Retailers After Lackluster Boxing Day
A 25% surge in financially stressed UK retailers over the last three months, totaling 2,124 businesses, follows a 4.9% drop in Boxing Day footfall, highlighting dampened consumer sentiment, rising costs, and shifting consumer behavior towards online shopping.
Financial Distress Rises Among UK Retailers After Lackluster Boxing Day
A 25% surge in financially stressed UK retailers over the last three months, totaling 2,124 businesses, follows a 4.9% drop in Boxing Day footfall, highlighting dampened consumer sentiment, rising costs, and shifting consumer behavior towards online shopping.
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44% Bias Score
Holiday Debt Rises Despite Decrease from 2022
A LendingTree survey reveals that 36% of American consumers incurred holiday debt averaging \$1,181 this season, exceeding 2023 but below 2022 levels; higher inflation and unexpected debt impacted consumers, particularly parents, millennials, and those earning \$30,000-\$49,999.
Holiday Debt Rises Despite Decrease from 2022
A LendingTree survey reveals that 36% of American consumers incurred holiday debt averaging \$1,181 this season, exceeding 2023 but below 2022 levels; higher inflation and unexpected debt impacted consumers, particularly parents, millennials, and those earning \$30,000-\$49,999.
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32% Bias Score
Boxing Day 2024: High Street Suffers Significant Footfall Drop
UK high street footfall on Boxing Day 2024 decreased by 10.2%, and shopping centres saw a 13.9% drop compared to 2023, highlighting the continued dominance of online shopping and the impact of rising costs and "promotion fatigue".
Boxing Day 2024: High Street Suffers Significant Footfall Drop
UK high street footfall on Boxing Day 2024 decreased by 10.2%, and shopping centres saw a 13.9% drop compared to 2023, highlighting the continued dominance of online shopping and the impact of rising costs and "promotion fatigue".
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56% Bias Score
China's New Year Travel Boom Fuels Consumption Growth
A surge in Chinese New Year travel bookings, up nearly 30% year-over-year, is fueled by government incentives and cultural events, boosting consumption and indicating a strong contribution to economic growth; the trend reflects a shift towards higher-quality travel experiences and indicates future g...
China's New Year Travel Boom Fuels Consumption Growth
A surge in Chinese New Year travel bookings, up nearly 30% year-over-year, is fueled by government incentives and cultural events, boosting consumption and indicating a strong contribution to economic growth; the trend reflects a shift towards higher-quality travel experiences and indicates future g...
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40% Bias Score
Record US Holiday Spending Amidst Rising Consumer Debt
US holiday spending is projected to reach a record $979.5 billion to $989 billion despite record-high credit card debt, with 36% of consumers incurring an average of $1,181 in debt this season, driven by high prices and inflation.
Record US Holiday Spending Amidst Rising Consumer Debt
US holiday spending is projected to reach a record $979.5 billion to $989 billion despite record-high credit card debt, with 36% of consumers incurring an average of $1,181 in debt this season, driven by high prices and inflation.
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40% Bias Score
UK Retailer Distress Soars 25% in Q4 2023
The number of UK retailers in critical financial distress jumped 25% to 2,124 in Q4 2023 due to rising costs and weak consumer confidence, particularly impacting general retail (29% increase) and food and drug retail (17.2% increase), although the overall number is down year-on-year.
UK Retailer Distress Soars 25% in Q4 2023
The number of UK retailers in critical financial distress jumped 25% to 2,124 in Q4 2023 due to rising costs and weak consumer confidence, particularly impacting general retail (29% increase) and food and drug retail (17.2% increase), although the overall number is down year-on-year.
Progress
44% Bias Score
Slowdown in Spanish Retail Sales Growth in November Despite Strong Third Quarter
Spanish year-on-year retail sales increased by only 1% in November, down from October's 3.4% and below analyst predictions, primarily due to decreased food and non-food spending; however, the third quarter showed a 4.5% rise in consumer goods spending.
Slowdown in Spanish Retail Sales Growth in November Despite Strong Third Quarter
Spanish year-on-year retail sales increased by only 1% in November, down from October's 3.4% and below analyst predictions, primarily due to decreased food and non-food spending; however, the third quarter showed a 4.5% rise in consumer goods spending.
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20% Bias Score
U.S. Holiday Spending Surges Despite High Interest Rates
Mastercard SpendingPulse data reveals a 3.8% increase in U.S. retail sales from November 1st to December 24th, 2024, compared to the same period in 2023, exceeding expectations and driven by online shopping and a search for value.
U.S. Holiday Spending Surges Despite High Interest Rates
Mastercard SpendingPulse data reveals a 3.8% increase in U.S. retail sales from November 1st to December 24th, 2024, compared to the same period in 2023, exceeding expectations and driven by online shopping and a search for value.
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40% Bias Score
Australian Boxing Day Sales Surge to \$3.7 Billion Amidst Cost-of-Living Pressures
Fueled by cost-of-living pressures, Australians are projected to spend \$3.7 billion on Boxing Day sales and post-Christmas deals, a 2.7% increase from last year, resulting in a surge in retail activity but also a significant rise in waste from unwanted gifts.
Australian Boxing Day Sales Surge to \$3.7 Billion Amidst Cost-of-Living Pressures
Fueled by cost-of-living pressures, Australians are projected to spend \$3.7 billion on Boxing Day sales and post-Christmas deals, a 2.7% increase from last year, resulting in a surge in retail activity but also a significant rise in waste from unwanted gifts.
Progress
36% Bias Score