Consumer sentiment in the United States fell for the fifth straight month in May, driven by growing concerns over inflation linked to President Donald Trump‘s trade policies. According to preliminary data from the University of Michigan, the consumer sentiment index dropped by 2.7 per cent to 50.8- its lowest level since June 2022 and nearly…
Representative image (Picture credit: ANI) Consumer prices in China fell for the third month in April as the country grapples with sluggish spending amid a fierce trade war with the United States.The latest data, released on Saturday by the National Bureau of Statistics (NBS), showed that the consumer price index (CPI), a crucial inflation measure,…
Two weeks ago, a three-judge panel from the federal appeals court in Washington lifted a freeze on firing employees at the Consumer Financial Protection Bureau, with some conditions. The judges, ruling on a Friday night, said that workers could be fired if agency leaders determined, after a careful assessment, that they were not needed to…
In an effort to stimulate domestic consumption amid ongoing trade tensions with the United States, China has lowered the minimum purchase amount required for foreign tourists to qualify for tax refunds. Starting Sunday, international travellers can apply for tax rebates on purchases of just 200 yuan (about $27) made at the same store on the…
AI-generated image (Credit: Lexica) As global markets grapple with uncertainty and turmoil, India has emerged as a positive outlier for multinational consumer goods firms, even amid a slowdown in urban demand. Senior executives from leading companies — including Unilever, Procter & Gamble (P&G), Pernod Ricard, Reckitt, PepsiCo, Heineken, and L’Oréal — have highlighted India’s significant…
The trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs.Strategists at Goldman Sachs recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Source link
A federal appeals panel on Friday halted parts of a district court judge’s injunction blocking the Trump administration’s effort to dismantle the Consumer Financial Protection Bureau, allowing officials to move ahead with firing some agency employees. Russell T. Vought, the White House budget office director, was named the consumer bureau’s acting director in February and…
Americans are increasingly anxious about their jobs and finances as the Trump administration’s trade policies and government cutbacks stoke concern about the economy. Consumer confidence tumbled this month to its lowest level since January 2021, the Conference Board reported on Tuesday, extending a decline that has been underway since shortly after President Trump was elected…
Policy uncertainty and tariff whiplash are making consumers less confident about the economic outlook and more worried about inflation, new data from the University of Michigan showed on Friday, the latest evidence that Americans are bracing for pain in President Trump’s second term. A new survey released on Friday showed consumer sentiment plummeting 11 percent…
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations,…