Tag #Consumer Spending

euronews.com
🌐 85% Global Worthiness
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Weak Chinese Retail Sales Drag Down European Markets

Weak Chinese retail sales growth of 3% year-on-year in November, significantly below expectations, triggered a downturn in European stock markets, impacting consumer and growth-sensitive sectors like luxury goods and energy, with shares of companies such as TotalEnergies and BHP declining.

Progress

40% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Soaring Butter Prices Hit German Christmas Baking

German butter prices increased by 38.9% year-on-year in November 2023, impacting Christmas baking costs; coffee prices are at a 50-year high due to climate change; overall food inflation slowed but remains a concern for the European Central Bank.

Progress

40% Bias Score

Zero Hunger
cnbc.com
🌐 85% Global Worthiness
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Premarket Movers: Broadcom, RH Lead Surge on Earnings, AI, and Positive Guidance

Several companies saw significant premarket stock movements: Broadcom surged 17% on exceeding Q4 earnings expectations and developing AI chips; RH jumped 13% due to increased guidance and profitability; Tesla rose 1% following a report on potential regulatory changes; Norwegian Cruise Line increased...

Progress

4% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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EV Depreciation Creates Leasing Crisis

A dramatic fall in used electric vehicle values is creating a 'car leasing crisis', forcing companies to extend contracts and potentially hike monthly payments for customers due to a lack of public appetite for second-hand models, impacting both drivers and car makers.

Progress

52% Bias Score

Responsible Consumption and Production
elmundo.es
🌐 65% Global Worthiness
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Madrid Restaurants Enjoy Record Christmas Season Despite Rising Prices

Madrid's restaurants are experiencing a record-breaking Christmas season in 2024, with 70% expecting strong revenue, a 38% increase over 2023, driven by increased reservations and a shift from company-sponsored dinners to smaller, friendlier gatherings, while menu prices have increased by 50% due to...

Progress

28% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Goldman Sachs Bullish on Retail Stocks in 2025

Goldman Sachs predicts retail stock growth in 2025 due to sustained consumer spending and diversification of revenue streams; Ollie's Bargain Outlet and Target are highlighted as promising investments, while Ulta, Williams-Sonoma, AutoZone, and RH receive less optimistic assessments.

Progress

52% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 65% Global Worthiness
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Christmas Dinner Costs Less in 2024 Despite Root Vegetable Price Rises

A family Christmas dinner will cost £31.66 in 2024, down from £32.18 in 2023, due to lower turkey and sprout prices, despite increases in root vegetables caused by wet weather delaying planting. Aldi is the cheapest supermarket option.

Progress

32% Bias Score

Zero Hunger
cnbc.com
🌐 85% Global Worthiness
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Costco Q1 FY2025 Beats Expectations, Driven by Strong Membership Growth and Margin Expansion

Costco's first-quarter fiscal year 2025 results exceeded expectations, with total revenue hitting $62.15 billion and earnings per share reaching $4.04, driven by increased traffic, membership growth, and margin expansion; this outperformance highlights Costco's strong market position and value propo...

Progress

48% Bias Score

No Poverty
spanish.china.org.cn
🌐 85% Global Worthiness
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"China's Double 12 Leverages Government Subsidies to Boost Winter Sales"

"China's Double 12 shopping event, starting November 12th, features government subsidies of up to 2000 yuan on energy-efficient appliances from major e-commerce sites like Tmall and JD.com, aiming to stimulate consumer spending during the winter season, building on the success of Double 11."

Progress

36% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Auto Loan Delinquencies to Decline as Economy Improves

Auto loan delinquencies, spiking to 4.14% in 2022 after the COVID-19 pandemic, are forecast to reach 1.45% in 2024 and 1.38% by the fourth quarter of 2025, reflecting improving economic conditions and consumer finances; however, used car loan delinquencies remain higher among subprime borrowers.

Progress

24% Bias Score

Reduced Inequality
abcnews.go.com
🌐 65% Global Worthiness
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Macy's Q3 Profit Slumps Despite Sales Beat

Macy's reported a third-quarter profit of \$28 million (10 cents per share), down from \$41 million (15 cents per share) last year, on sales of \$4.74 billion; comparable store sales fell 1.3%, but the company raised its full-year sales projection while lowering its profit forecast amid an internal ...

Progress

36% Bias Score

No Poverty
dw.com
🌐 75% Global Worthiness
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"Kryzys gospodarczy w Niemczech zagraża alpejskiej turystyce"

"Niepewność gospodarcza w Niemczech, spowodowana wysoką inflacją i obawami o zatrudnienie, prowadzi do spadku rezerwacji w alpejskich kurortach narciarskich w Austrii i Szwajcarii, gdzie niemieccy turyści stanowią znaczną część gości; wzrost kosztów życia i zmiana preferencji konsumentów prowadzą do...

Progress

36% Bias Score

Reduced Inequality