Money is tight, food prices are soaring, and that’s turning more and more Americans to buy now, pay later options to stay afloat. Last year, some 15 million consumers — or 6.5% of the US population — reported using BNPL installment loans to pay for groceries or manage their weekly food expenses, according to research from PYMNTS Intelligence. Out of that share, about 5.4% of the households using BNPL to afford groceries were low-income. Meaning there was still a slim share of… Source link
Read More »‘Remarkably resilient’ consumers in tough backdrop
Shares of Target (TGT) are trading higher on Tuesday as the company posted its fourth quarter earnings, easily beating Wall Street expectations on both the top and bottom lines. The company also revealed adjusted net earnings jumped 57.8% year over year to $1.38 billion. Target COO and CFO Michael Fiddelke joins the Live show alongside Yahoo Finance Executive Editor Brian Sozzi to discuss Target’s performance and how the company has organized its business model and inventories for better… Source link
Read More »Lower inflation aiding low-income consumers: Study
Research from Oxford Economics suggests that declining inflation over the past year is benefiting America’s lowest earners. As a result, the report suggests that low-income earners are in a better position to contribute to consumer spending in 2024, providing a potential boost to the overall economy. Yahoo Finance Josh Schafer breaks down this study and weighs in on trends of low-income consumers. For more expert insight and the latest market action, click here to watch this full episode of… Source link
Read More »Costco earnings arrive as consumers slow down slightly
Investors are closely watching Yahoo Finance Company of the Year Costco as it is set to report its fiscal first-quarter earnings Thursday after the market close. Costco is coming off cooling sales in November as shoppers spend more cautiously amid news of increasing layoffs and stubbornly high inflation. The retail giant’s same-store sales growth cooled vs. October, the company reported on Nov. 30. Costco stock subsequently sold off — it is down more than 7% in December — as investors… Source link
Read More »Costco earnings arrive as consumers slow down slightly
Investors are closely watching Yahoo Finance Company of the Year Costco as it is set to report its fiscal first-quarter earnings Thursday after the market close. Costco is coming off cooling sales in November as shoppers spend more cautiously amid news of increasing layoffs and stubbornly high inflation. The retail giant’s same-store sales growth cooled vs. October, the company reported on Nov. 30. Costco stock subsequently sold off — it is down more than 7% in December — as investors… Source link
Read More »Consumers remain the Fed’s biggest problem: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 7, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link
Read More »Consumers remain the Fed’s biggest problem: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 7, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link
Read More »Yahoo ad deal will build ‘an internet consumers trust’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Adam Singolda, Taboola CEO, on his company’s 30-year deal with Yahoo. With CNBC’s Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Guy Adami and Jeff Mills. 05:36 Mon, Nov 28 20226:39 PM EST Source link
Read More »Google to pay Michigan $12M over location tracking services, experts say it’s a win for consumers ⋆ Michigan Advance
Google this month agreed to pay out $391.5 million across 40 states, including $12 for Michigan, after attorneys general sued the technology company for being deceptive about their location tracking practices in what experts said is an important win for consumers. The settlement was a result of attorneys general suing Google for violating consumer protections. The AGs said the company was misleading consumers into thinking their location tracking… Source link
Read More »Consumers are buying bigger turkeys despite inflation, says Butterball CEO
Thanksgiving gatherings are back, according to the CEO behind the turkey brand Butterball. In a recent interview with Yahoo Finance, Jay Jandrain said, “We’re seeing larger size gatherings now, we’re seeing a resurgence for people to have that Thanksgiving meal” after COVID-19 impacted the past two years, leading many consumers to have smaller groups for holiday gatherings. “Expectation is very high for participation and they are going to be larger groups … They’ll probably be demand for… Source link
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