UK’s Long-Term Spending Plans Worse Than Fiction, Watchdog Says

The UK government’s spending plans beyond 2025 are so unclear they don’t even qualify as works of fiction, the head of the country’s budget watchdog said. Richard Hughes, chair of the Office... Read more »

Consumer spending growth will slow in 2024, NRF chief economist says

Consumer spending remained remarkably resilient throughout 2023, even in the face of prolonged inflation and high interest rates. But that’s unlikely to continue, according to Jack Kleinhenz, chief economist at the National... Read more »

Congress Leaders Get Deal on Spending Cap, Easing Shutdown Risk

US congressional leaders announced a deal on a top-line spending level for the current fiscal year, lessening the chances of a partial government shutdown on Jan. 20. Source link Read more »

Companies losing pricing power after years of unbridled spending

A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are... Read more »

Peso Set to Ride Remittance Wave on Philippine Holiday Spending

The Philippine peso has outperformed its Asian peers this year and a seasonal pick-up in overseas remittances ahead of Christmas will likely extend the gains. Source link Read more »

DeSantis Unveils Proposed Spending Plan for 2024-25

The budget calls for about $1 billion in tax cuts but doesn’t all for reducing the sales tax on commercial rents and leases Gov. Ron DeSantis recently unveiled his proposed $114 billion... Read more »

TikTok is driving spending for women in their 20s

Young people using cellphones. Filippobacci | E+ | Getty Images Gen Z women are driving spending trends on TikTok. Women in their 20s spend more time on the short-form video app than... Read more »

What strong Black Friday retail sales mean for holiday spending

Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan.  Emily Elconin | Getty Images Retailers are cheering after shoppers spent big on gifts and decor in the days... Read more »

Where China’s consumers are spending. Jefferies’ top picks for 2024

It’s no secret that most consumers in China haven’t been in a mood to spend big. But what would get them to open their wallets is so far from reality that Jefferies... Read more »

Spending and ethics in focus

TikTok has officially launched its e-commerce service TikTok Shop in the US.  Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and... Read more »

Black Friday Shoppers Set Online Spending Record, Adobe Says

Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season. Source link Read more »

Retailers cast doubt on Black Friday, holiday 2023 spending

A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023. Saul Loeb | AFP | Getty... Read more »