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Not Paying Your Bills? Wall Street Worries That Too Many Credit Card Balances Are Turning Delinquent
Tuesday, September 17, 2024 - 2:46pm | 555Read More...Stocks held by consumer-lending firms fell last week after Wall Street executives warned of lower-income borrowers’ struggling to pay bills. What Happened: Banking executives at a recent Barclays conference in New York noted how delinquencies are on the rise, the Wall Street Journal reported...
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Consumer Morale Hits 4-Month High, Inflation Expectations Ease: 'Partisan Gaps In Sentiment Inched Up'
Friday, September 13, 2024 - 12:00pm | 674Read More...The average American consumer is more optimistic than expected in September, data shows. According to the University of Michigan’s September Survey of Consumers, the consumer sentiment index rose to its highest level in four months, surpassing economic estimates. This surge reflects...
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Consumer Outlook 'Healthy' As Labor Demand Points To Wage Growth: Goldman Sachs
Wednesday, June 12, 2024 - 12:29pm | 480Read More...The consumer outlook for the remainder of 2024 appears to be robust as a firm labor demand indicates higher wages that will lead to more disposable personal income, according to a Goldman Sachs analyst. Despite a higher unemployment rate in April, there is a surplus of 1.6 million jobs in the U.S....
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Gen Z Is Charging Too Much, And Not Paying Bills: What The Latest Credit Card Delinquency Data Says About American Consumers
Friday, May 17, 2024 - 3:20pm | 540Read More...Credit delinquency is on the rise. High credit card rates and enduring inflation are hurting consumers, especially those considered “Gen Z.” Here’s the latest New York Fed data about the American consumer. The Data: The New York Fed's Center for Microeconomic Data released its...
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Retail Sales Preview: Will Consumer Demand Fall? How Markets Reacted To Prior Reports
Monday, May 15, 2023 - 9:23am | 817Read More...The Census Bureau is expected to publish U.S. retail sales data for April prior to the start of Tuesday's trading session. Here are five key takeaways for investors ahead of the report and analyst reactions to past releases. What Investors Need To Know Economists expect retail...
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Consumer Confidence Increased Again But Faith In The Fed Slips Below Levels Unseen Since Black Monday, 2008 Financial Crisis
Friday, October 14, 2022 - 12:30pm | 539Read More...As of early Friday, the University of Michigan announced the preliminary results for October’s Surveys of Consumers. What Happened: The index for consumer sentiment and current economic conditions slightly rose by 2% and 9.4% month-over-month, respectively. This can be attributed to a 23%...
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Economists, Retailers Paint Different Pictures Of Consumer Health
Monday, October 10, 2016 - 12:16pm | 409Read More...Retail investors hoping for a busy holiday shopping season will either be extremely encouraged or discouraged, and it all depends upon who they listen to. According to Gadfly's Shelly Banjo, retailers are saying their outlook for the holiday season is the "shakiest" it has been in years. For...
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70% Of U.S. Consumers Are Binge-Watchers
Thursday, March 24, 2016 - 1:37pm | 385Read More...Seventy (70) percent of U.S. consumers are binge-watchers and now binge watch an average of five episodes at a time, and almost one-third (31 percent) binge on a weekly basis, according to a survey by Deloitte. The survey pointed out that 46 percent of Americans now subscribe to streaming video...
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Nomura Highlights Top Picks For 2016: Amazon, TJX, Nike, Coach
Thursday, December 10, 2015 - 11:08am | 599Read More...According to Robert Drbul of Nomura, the consumer is in a "better position to spend." Drbul added low gas and oil prices will also leave consumers with ‘extra cash to spend' and the low-income consumer should "continue to benefit." The analyst named Amazon....
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UPDATE: Bank Of America Upgrades Kate Spade
Monday, November 24, 2014 - 9:21am | 222Read More...Heather Balsky of Bank of America upgraded shares of Kate Spade & Co (NYSE: KATE) to Buy from Neutral on Monday with a price target raised to $34 from a previous $33. “Based on our handbag survey results, we think Kate Spade can offset fewer markdown sales with greater full price sell-through,...
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Down On The Corner Of Main Street And Wall Street
Friday, March 21, 2014 - 3:21pm | 872Read More...There was an interesting article in the Wall Street Journal this week about the intense competition among banks to manage the assets of the wealthier clients. Many of them are now offering what they call ‘lifestyle advisory services,' which include everything from planning a vacation to finding the...
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Is Coach the Best Way to Profit from China's Growth?
Wednesday, December 18, 2013 - 4:56pm | 418Read More...South Korea may its own, new handbag museum -- but if you want to see those women's accessories in action in an Asian market, look to China. Luxury goods companies such as Ralph Lauren, Michael Kors and Mercedes Benz count on China for increasing sales. And among the most desired items by...
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Is 'Showrooming' Still a Boogeyman for Retailers?
Monday, November 4, 2013 - 3:11pm | 786Read More...It's become a term retailers have learned to dread: “showrooming.” That's when consumers visit brick-and-mortar stores to test out products they're considering – then head home and buy those items on-line,at a better price. Showrooming has certainly taken a toll on some retailers. A Pew...
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Shipping Industry Expects Strong Holiday Sales Despite Shorter Shopping Period
Monday, October 28, 2013 - 1:27pm | 424Read More...The upcoming holiday season will be the shortest in over a decade, with just 26 shopping days squeezed between Thanksgiving and Christmas. That's six fewer days than last year. But in spite of a compressed shopping season, there are signs the retail sector is looking forward to a happy ending...
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Starbucks Comes Under Official Chinese Criticism For Prices
Monday, October 21, 2013 - 1:20pm | 1282Read More...Think the cost of your Starbucks (NASDAQ: SBUX) latte is too much? Well then, take a moment to consider Chinese consumers – who are apparently up in arms about what they're paying for a cup of the high-end coffee. And state-run Chinese media has joined in the criticism of the Seattle-based...















