Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …
Why is everything so expensive? Blame dynamic pricing. Oh sure, you can blame other factors, like inflation and supply chain issues, but if high prices were a murder victim, dynamic pricing would be considered one of the main suspects. What is dynamic pricing? Dynamic pricing is a pricing and profit strategy that companies use to …
Why is everything so expensive? Blame dynamic pricing. Read More »
The most profitable tech company operating in China is not a local internet giant like Alibaba or Tencent, but California-based Apple. Its business in China has grown so rapidly during the pandemic that it now generates more profit than the combined revenue of the country’s two largest tech companies, according to analysis by the Financial …
Apple’s market with Beijing: access to Chinese factories and consumers Read More »
TORONTO — During the past quarter, Restaurant Brands International, Inc. benefited from the strong performance of its Tim Hortons Canada and Burger King international businesses, improvements at Burger King, Popeyes and Firehouse Subs in the United States, continued growth in digital sales and progress in new restaurant development. Net income for the third quarter ended …
Global markets propel Restaurant Brands International Read More »
One of the reasons inflation has maintained its grip on the US economy is that US consumers continue to spend, seemingly undeterred by rising prices, which has actually helped fuel them. But how long will all these expenses last? The combined impact of federal aid in the early months of the pandemic, the ensuing stock …
Holiday shopping during inflation: consumers are unfazed, ready to buy Read More »
Governor Phil Murphy, who led the ultimately successful fight for recreational cannabis in New Jersey, has added his name to a new industry effort to encourage marijuana users to buy weed from legal businesses rather than on the street. He is the first elected official to join a national campaign launched on Thursday by the …
Governor Murphy joins new campaign to encourage consumers to buy legal weed Read More »
Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. The bottom line: Consumers Credit Union is a great option for borrowers …
According to a follow-up study published by research firm PYMNTS, Buy Now, Pay Later (BNPL for short) services are expected to increase in availability and reach over the next five years. Young consumers, in particular, are more and more fond of this payment option compared to credit cards. BNPL services and apps give consumers more …
Why Gen Z consumers prefer to “buy now, pay later” Read More »
inflation worries AdobeStock_519100265 With rising inflation and continued interest rate hikes, 76% of Americans rate the state of the US economy as “poor” or “fair,” according to a recent Nationwide Agency Forward poll. Prior to the Fed’s latest interest rate hike, 68% of consumers expected rates to rise in the coming months. And when they …
The impending recession has consumers on edge. Here’s what worries them the most Read More »
