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US CONSUMER SPENDING SLOWDOWN
Pentair shares dip 17% on dour forecast amid weak pool salesPentair shares dropped sharply after the company cut its annual forecast, citing weak demand in its pool segment. High interest rates and i...- Global Market: China Q2 growth slows to 4.3% yoy; Asia, metals stocks likely to remain volatileChina's economy grew 4.3% year-on-year in the second quarter, missing market expectations and marking its slowest pace since late 2022. The...
- US Stock Market: Fed officials welcome softer US inflation, seek more evidence before policy shiftFederal Reserve officials noted cooling inflation data but stressed more months are needed. They indicated a weakened case for a near-term ...
- US Senate Democrats block $1.15 trillion defense bill over Iran war objectionsSenate Democrats blocked a defense policy bill due to Iran war concerns. They cited President Trump's lack of congressional consultation on...
- US consumer inflation cools in June on lower energy costsUS consumer inflation cooled more than anticipated in June, government data showed. Energy prices fell momentarily last month, aiding the i...
- The experience economy is reshaping consumer financeYoung professionals now prioritize experiences, shifting financial goals from tangible assets. Consumers globally continue to spend on trav...
- US Stock Market: Wall Street braces for pivotal week as earnings, inflation data and Middle East tensions come into focusWall Street faces a pivotal week with key economic data releases and corporate earnings. Investors will closely watch inflation figures and...
- Charting the global economy: Iran war continues to cloud outlookJapan's bank lending expansion suggests room for the central bank to raise rates further. Meanwhile, high borrowing costs continue to impac...
- Wall Street Week Ahead: Investors to grapple with packed week of earnings, CPI, Iran headlinesUpcoming economic data and corporate earnings will test the resilient U.S. stock market. Major banks begin second-quarter earnings season, ...
- SK Hynix shares jump in marquee US debut as AI euphoria persistsSK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip ...
- SK Hynix shares jump 14% in debut on US stock market riding on AI waveSK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong investor demand for AI-linked chip sto...
- 'What's in your shopping cart?' Govt plans first nationwide retail consumption surveyThe government is considering a nationwide retail consumption survey. This survey will gather granular data on consumer spending patterns. ...
- SK Hynix set for marquee US debut in test for AI appetiteSK Hynix's U.S. debut tests investor belief in the AI boom's durability. The South Korean chipmaker's offering is the second-largest share ...
- TCS Q1 net rises 5% to Rs 13,349 crore, revenue up 14% on BFSI business liftIndia's largest software services firm on Thursday reported a net profit of Rs 13,349 crore for the April-June quarter.
- PepsiCo bets on healthier products as inflation squeezes consumers; Q2 revenue tops estimatesPepsiCo reported strong second-quarter revenue, exceeding analyst expectations. Healthier product demand helped offset softer North America...
- Psychology says people who use a phone for years and don't change it till it dies out aren't afraid of missing out: What this behavior may reveal?Psychology says people who use a phone for years and don't change it easily aren't always resisting change. Psychology suggests this habit ...
- Psychology says shoppers who drink coffee before heading into a store may spend more than they planned; Biswas et al.’ s 2022 experiments found caffeinated shoppers bought more items and spent moreA recent study reveals that caffeine consumption before shopping leads to more purchases. Shoppers consuming caffeinated beverages bought m...
- Explained: Why did Samsung shares crash 10% even after tech giant forecast 19x jump in profitSamsung Electronics shares plunged 10% despite forecasting a 19-fold jump in second-quarter profit, as investors worried the AI-driven memo...
- Urban India spends 1. 6x more on weekends than weekdays: StudyThe weekend shopping rush has become a hallmark of urban Indian life, with discretionary spending nearly doubling as shoppers flock to mall...
- Mother Sparsh sees up to 40% growth as baby-care boom defies consumer slowdownMother Sparsh anticipates a robust 30-40% revenue surge this year, defying broader consumption slowdowns. Indian parents are prioritizing t...
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