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Consumer spending

Americans are building fewer pools in their backyards

Mon, 07/24/2023 - 11:16

Tech Insider : Economy

Swimming pool in backyard — David Goldman/AP

economy, Markets, backyard pool, Pools, Construction, CPI, Federal Reserve

The US is going through a rolling recession, and that's slashed the risk of a hard landing for the economy, Bank of America exec says

Fri, 07/21/2023 - 12:30

Tech Insider : Economy

This is a photo of a US $100 bill with a red arrow pointing downwards in front of it. — The stock market could continue to tumble in the face of rising inflation and a recession.
sefa ozel/Getty Images

economy, Markets, US economic outlook, Recession, recession 2023, recession outlook, rolling recession

'No sign of a recession': 3 signs suggest the US economy is so strong it may not even cool to a soft landing

Thu, 07/20/2023 - 15:39

Tech Insider : Economy

Shoppers at the Disney Store in Glendale, California, on November 23, 2007. — Shoppers at the Disney Store in Glendale, California, on November 23, 2007.
Phil McCarten/Getty Images

economy, Markets, economic outlook, labor, Housing, Consumers, Consumer spending

Elon Musk touched on Nvidia, Cybertruck, Warren Buffett, and the dangers of debt on Tesla's latest earnings call. Here's his 12 best quotes.

Thu, 07/20/2023 - 06:43

Elon Musk — Elon Musk is CEO of Tesla.
Danny Moloshok/Reuters

Markets, MI Exclusive, Stocks, tesla, Elon Musk, twitter, spacex

A top economist says the stock-market mania reminds him of the dot-com and housing bubbles - and warns consumers are feeling the squeeze

Thu, 07/20/2023 - 06:32

David Rosenberg — Known for identifying the housing market bubble in 2005, David Rosenberg is the chief economist and strategist at Rosenberg Research & Associates
Rosenberg Research & Associates

Markets, MI Exclusive, Stocks, David Rosenberg, Rosenberg Research, Stock Market Outlook, Stock market bubble

Some student-loan borrowers could be facing payments of over $500 this fall, a new study says — and they'll probably have to dip into their savings to afford it

Wed, 07/19/2023 - 15:01

Tech Insider : Economy, Politics

College graduates — College graduates.
Robyn Beck/AFP via Getty Images

economy, politics, Policy, Student Debt, Student Loans, student loan forgiveness, Biden

You can thank the American retail consumer for the soft landing

Tue, 07/18/2023 - 13:14

Tech Insider : Economy

Two women carrying red shopping bags — Consumer spending accounts for roughly 70% of the US economy, and the continued strength in that area has helped the US outperform every other rich nation in the world.
Henglein and Steets/Getty Images

Retail, economy, Retail Spending, Consumer spending, soft landing

10 reasons why the recession that Wall Street predicted to death never showed up

Tue, 07/18/2023 - 04:28

This is a photo of a US $100 bill with a red arrow pointing downwards in front of it. — The stock market could continue to tumble in the face of rising inflation and a recession.
sefa ozel/Getty Images

Markets, MI Exclusive, Recession, recession prediction, recession outlook, US Economy and Markets, US economic outlook

Inflation will see an intense drop and could fall below 2% by mid-2024, Pantheon Macroeconomics says

Tue, 05/09/2023 - 09:46

Food inflation — The drop in commodities has raised hopes that inflation will start to cool.
SolStock/Getty Images

Markets, MI Exclusive, Inflation, inflation outlook, falling inflation, US economic outlook, Fed rate hikes

Sliding beef sales send Tyson stock down 16% as the meat producer slashes its outlook

Mon, 05/08/2023 - 12:06

Tech Insider : Economy

Tyson Foods brands include Jimmy Dean sausages, Ball Park hot dogs and Tyson chicken strips. — Tyson Foods makes Jimmy Dean sausages, Ball Park hot dogs and Tyson chicken strips.
Joe Raedle/Getty Images)

Markets, MI Exclusive, Tyson Foods, TSN stock, Consumer stocks, consumer staples, Food Prices

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