Canada’s economy shrank more than expected in Q2, showing the trade war’s spring impact
A railway grain terminal in Alberta. (Photo by: LJM Photo/Design Pics Editorial/Universal Images Group via Getty Images) ·…
South Korea to boost budget spending in bid to spur AI-led growth
By Jihoon Lee SEOUL (Reuters) -South Korea’s government plans to raise budget spending for next year by the…
Main Street Shrugs at Tariffs, Banks on Growth
It seems like a massive disconnect. But for the payments industry, it’s an opportunity. One the one hand,…
San Francisco Fed Offers Up New Way to Monitor for US Recessions
Federal Reserve Bank of San Francisco researchers offered a new warning gauge for recessions, adding to a suite…
Gen Z was growing obsessed with luxury watches. New tariffs on Switzerland could cool the expensive hobby
Gen Z’s fascination with luxury watches has been one of the more surprising consumer trends of the last…
Economist Mark Zandi says US is on ‘precipice of recession.’ How to weather the fallout if — or when — it hits
Mark Zandi, chief economist at Moody’s Analytics, raised concerns about the U.S. economy following the Bureau of Labor…
Retail sales rise 0.5% in July, missing forecasts but marking second straight monthly gain after spring slide
Retail sales in July rose 0.5% from the prior month, a rise that was slightly below Wall Street…
Goldman Says Consumers Will Soon Feel More Tariff Pain
American consumers could soon feel increasing tariff-related pain with their purchases. That’s according to a report Monday (Aug.…
Consumer Sentiment: Back to School
Vishy Tirupattur: Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley’s Chief Fixed Income Strategist.…
Spending on AI data centers is so massive that it’s now two-thirds of GDP—and it could crash the American economy
The mighty American consumer may have finally met their match, and it’s a giant hulking rectangle box that…
Tariff-Driven Price Hikes Rarer Among Consumer Brands
How are the world’s consumer brands dealing with ongoing U.S. tariffs? As Reuters noted in a report Thursday (July 31),…
Consumers Favor Debit In-Store, Credit and Wallets Online
A new report from PYMNTS Intelligence reveals a nuanced landscape of consumer shopping and payment habits, challenging some…