Tag Archives: consumers

Despite record-high inflation and soaring food prices, many Americans still seem to prefer dining out. According to a new survey from PopMenu, an Atlanta-based platform that helps restaurants streamline digital operations, 40% of monthly individual or family food budgets are spent on restaurants. “In the past, you wouldn’t go to restaurants to save money, but now everyone understands that [restaurants] are so much better at making meals, they get better deals on the ingredients, and they’re… Source link

Health inequity is costing the U.S. health system billions of dollars annually, and could reach $1 trillion by 2040, according to a new report from Deloitte. But, according to the report’s authors, there is one bright spot on the horizon. Boards of health companies are increasingly focused on addressing inequity. Health equity became a popular phrase during the pandemic and following the murder of George Floyd as calls grew to address systemic inequities in the U.S. For years, studies have… Source link

Economists across Wall Street are raising the odds of a recession in the U.S. economy, and one strategist says it may already be here — especially in the eyes of consumers. “The state of the consumer has really deteriorated faster than we’ve ever seen in decades,” Lenore Hawkins, managing partner at Calit Advisors, said on Yahoo Finance Live (video above). “And both consumers and small businesses are basically telling us the recession is already here.” Consumer spending makes up nearly… Source link

Energy prices saw the biggest one year jump since 2005 last month amid a hotter than expected inflation print. The energy index rose 3.9% last month according to the Bureau of Labor Statistics’ Consumer Price Index (CPI) published Friday after a 2.7% decline in April. Gasoline, fuel oil and natural gas prices all increased in May. Gasoline prices rose 4.1% month-over-month, fuel oil spiked 16.9% from the prior month, and natural gas also rose 8% during the same span. The energy index rose 34.6%… Source link

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 Monday, June 6, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. “It’s a very challenging time right now with inflation,” U.S. Labor Secretary Marty Walsh told Yahoo Finance Live on Friday (video above). Indeed, and the reality is nasty inflation is here… Source link

Robinhood (HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity. For each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to. “The next generation has a high interest in investing, but it is out of reach for many because they’re caught up in the cycle of spending” Robinhood… Source link

Americans across the country are feeling the cost of war as they head to the gas pumps. Gas prices haven’t yet reached record highs (when adjusted for inflation), but they are at levels not seen since 2008 as a result of the Russian invasion of Ukraine and ensuing sanctions. On Tuesday, President Biden announced the ban on Russian energy imports — and warned about the ripple effects for regular Americans. And according to Brian Deese, director of the White House’s National Economic Council,… Source link

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 Friday, March 4, 2022 Shopping, and driving, through the era of high costs Every now and again, we here at the Morning Brief delight in bringing our readers some good news that helps leaven a news diet filled with grim to outright depressing news. As Russia continues its brutal frontal assault on Ukraine — which continues to whipsaw markets —… Source link

Walmart’s shoppers look to be handling high levels of inflation in food and general merchandise relatively well. “We haven’t seen any meaningful difference yet in how they’re shopping. We know consumers are focused on inflation, but we’re not seeing major changes in shopping patterns,” Walmart CFO Brett Biggs tells Yahoo Finance. “Wages are up, unemployment, low. Consumer balance sheets are still in pretty good shape. So I think all of that helps customers.” Walmart (WMT) saw sales strength… Source link

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 Thursday, February 17, 2022 Inflation everywhere, but ‘depressed’ public shops through it Power Twitter users might be familiar with the catchphrase “tweeting through it.” Loosely defined, it’s a state of ignoring a crisis (one most likely of your own making) by posting about other things as a means of idle distraction. After January’s… Source link