Tag #Consumer Spending

german.china.org.cn
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China's Consumer Market Poised for Steady Growth

China's consumer market is expected to see steady growth next year, driven by government initiatives like a trade-in program that has already generated over 1 trillion yuan in sales and a focus on high-quality service consumption.

Progress

36% Bias Score

No Poverty
theglobeandmail.com
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Robust U.S. Consumer Spending Prompts Fed to Revise Interest Rate Projections

U.S. consumer spending rose 0.4% in November, exceeding expectations and driven by increased purchases of vehicles and various services; inflation remained moderate, prompting the Federal Reserve to project fewer interest rate cuts in 2025.

Progress

36% Bias Score

Reduced Inequality
news.sky.com
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UK Retail Sales Underwhelm in November Despite Black Friday

UK retail sales rose a smaller-than-expected 0.2% in November, despite Black Friday discounts, due to a sharp drop in clothing sales and tough trading conditions; sales remain below pre-pandemic levels.

Progress

20% Bias Score

Reduced Inequality
zeit.de
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\"Weak Consumer Spending and Rising Insolvencies Hamper German Economic Recovery\"\

\"Germany's economic growth remains hampered by weak consumer spending due to high inflation, rising unemployment, and a surge in business insolvencies, with projections indicating a potential record number of bankruptcies in 2025.\

Progress

48% Bias Score

Decent Work and Economic Growth
forbes.com
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High Car Prices Drive Shift to Smaller Vehicles

High new vehicle prices are causing a shift in consumer preferences toward smaller, more affordable cars like compact SUVs; sales of these vehicles are up over 2 percent in 2024, while mid-sized SUVs and full-size pickup truck sales have dropped.

Progress

32% Bias Score

Reduced Inequality
cnbc.com
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CNBC Investing Club Sells Broadcom, Buys AMD Amidst Market Volatility

The CNBC Investing Club sold 100 shares of Broadcom after a significant price increase, planning to reinvest some proceeds in AMD. Weak Chinese retail sales and the market's oversold status are also discussed.

Progress

40% Bias Score

Decent Work and Economic Growth
us.cnn.com
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US Inflation Slows, but Fed Remains Cautious Amidst Economic Uncertainty

The November PCE price index rose 2.4% year-over-year and 0.1% month-over-month, lower than economists' projections, indicating a slower inflation pace despite uncertainty around future economic policies and global events.

Progress

32% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Weak UK Retail Sales in November Despite Early Black Friday Discounts

Great Britain's November retail sales rose a meager 0.2% month-on-month, defying economists' 0.5% prediction and highlighting weak consumer spending; clothing sales plummeted 2.6%, hitting a low since January 2022, while food and household goods showed modest growth.

Progress

16% Bias Score

No Poverty
spanish.china.org.cn
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Guangdong Leads China's Economic Stimulus with $9.6 Billion Investment

Guangdong province launched a 70 billion yuan ($9.6 billion USD) initiative to upgrade equipment and stimulate consumer goods exchanges, exceeding national targets and boosting retail sales by over 1 trillion yuan, supported by special treasury bonds and national economic strategies.

Progress

36% Bias Score

Decent Work and Economic Growth
french.china.org.cn
🌐 75% Global Worthiness
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China's Consumer Promotion Boosts Five Key Cities

During November, five major Chinese cities organized 4,000 consumer promotion events, involving 20,000 businesses, to stimulate demand and showcase China's international consumption centers, boosting the 'early-bird economy' and contributing to the national economic recovery strategy.

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Citi Upgrades Ollie's Bargain Outlet Stock to "Buy", Raises Price Target to $133

Citi analyst Steven Zaccone upgraded Ollie's Bargain Outlet (OLLI) stock to "buy", raising its price target to $133 due to its strong position in the uncertain retail market and ability to capitalize on disruptions; OLLI's success is fueled by its "treasure hunt" shopping experience, agile buying, a...

Progress

44% Bias Score

Decent Work and Economic Growth
abcnews.go.com
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US Retail Sales Rise 0.7% in November, Showing Mixed Consumer Spending

US retail sales increased by 0.7% in November, driven mainly by a 2.6% surge in auto sales, while sales at grocery stores and restaurants decreased, suggesting a mixed consumer spending pattern amidst rising interest rates and pre-holiday shopping.

Progress

44% Bias Score

Decent Work and Economic Growth