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American consumers won't save the economy in 2024 and their wild holiday spending spree was a 'last hurrah', Wells Fargo says

Wed, 01/24/2024 - 14:17

Tech Insider : Economy

Shoppers have their receipts and carts checked by an employee as they exit from a Costco store in Alhambra, California, on August 19, 2019/ — Shoppers have their receipts and carts checked by an employee as they exit.
Frederic J. Brown/Getty Images

economy, Markets, us-consumers, us-consumer-spending, us-economic-outlook, Recession, recession-risk

Americans are about to feel the impact of soaring bond yields, Blackstone president says

Fri, 10/20/2023 - 10:53

Jonathan Gray — Higher borrowing costs could soon weigh on the American consumer, Jonathan Gray warned.
Heidi Gutman/NBCUniversal via Getty Images

Markets, mi-exclusive, us-treasury-bond-crash, bond-yields, interest-rates, us-consumers, us-consumer-spending

Here are 2 charts that show the American consumer is still going strong

Thu, 10/12/2023 - 13:08

Tech Insider : Economy

shopping — Spending in core areas increased 4.6% year-per-year from the months of May to August, Bank of America data shows.
REUTERS/Rick Wilking

economy, Markets, us-economy-and-markets, consumer-spending, us-consumers, us-consumer-spending, american-consumer

Consumer stocks face big risks as Americans' wallets are battered by high gas prices, student loans, and expensive housing, Morgan Stanley's CIO says

Tue, 09/26/2023 - 12:10

shopping — Shoppers carrying bags cross Fifth Avenue on Black Friday November 27, 2009 in New York City.
David Goldman/Getty

Markets, mi-exclusive, consumer-stocks, consumer-discretionary-stocks, morgan-stanley, mike-wilson, american-consumers

Taylor Swift, Beyonce, and 'Barbenheimer' may boost US GDP by $8.5 billion

Fri, 08/25/2023 - 08:25

Tech Insider : Economy, Economy

A split image of Ryan Gosling and Margot Robbie in the — Ladies and gentlemen, Barbenheimer.
Warner Bros./Universal

economy, economy, Markets, consumer, Spending, Cinemas, taylor-swift

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