AD

Europe’s Savings-Fueled Consumers Are Facing Down Inflation

Logo Bloomberg
Bloomberg
By Alexander Weber

Powered by savings amassed during two years of coronavirus curbs, Europe’s consumers aren’t yet letting record inflation get in the way of a spending binge that’s underpinning the continent’s pandemic recovery.

AD
AD

Continue read on bloomberg.com

AD
Logo Nasdaq
By Julie Gordon and Fergal Smith OTTAWA, June 2 (Reuters) - An extra C$8,300 ($6,600) in your pocket. That is roughly how much the average Canadian saved...

Logo Nasdaq
By Lucia Mutikani WASHINGTON, May 27 (Reuters) - U.S. consumer spending rose more than expected in April as households boosted purchases of goods and...

Logo Investing.com
EconomyBy Reuters27 May
2/2 Reuters. FILE PHOTO: A person shops in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly 2/2 WASHINGTON (Reuters) -...

Logo Investing.com
EconomyBy Reuters27 May
Reuters. Shoppers browse an outdoor retail area on the first day of eased coronavirus disease (COVID-19) regulations, following a lockdown to curb an...

Logo Business Standard
MarketsBy Reuters13 May
U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but consumer spending remains...

Logo InvestorPlace
Consumer discretionary stocks are getting hit hard today as investors worry about inflation Among the biggest losers is Peloton (NASDAQ: PTON ) This stock’s...

Logo Investing.com
EconomyBy Reuters11 May
Reuters. A person pushes purchases in a shopping cart in a supermarket in Brooklyn, New York City, U.S., March 29, 2022. REUTERS/Andrew Kelly By Howard...

Logo Nasdaq
Costco Wholesale (NASDAQ: COST) reported fiscal 2022 third-quarter earnings after the markets closed on Thursday, May 26. The membership warehouse retailer...

Logo Nasdaq
French Q1 GDP revised to -0.2% Q/Q from 0.0 Consumer spending fell unexpectedly in April Inflation hit a record 5.8% in May PARIS, May 31 (Reuters) -...

Logo Nasdaq
Adds more comments from Kashkari May 9 (Reuters) - The U.S. Federal Reserve may not get as much help as it hopes from supply chains easing as it battles to...

Logo Reuters
MarketsBy Reuters27 May
U.S. consumer spending rose more than expected in April, while annual inflation appeared to have peaked, which could help to underpin economic growth in the...

Logo Nasdaq
Consumers are not pulling back on spending despite rising prices on everything from groceries to pet food. That said, it does not look like businesses are...

Logo Nasdaq
Experts across industries can give investors a good idea of where the economy's heading. In an interview with CNBC this week, Bank of America (NYSE: BAC) CEO...

Logo Nasdaq
When it comes to saving for retirement, many people are familiar with the concept of contributing to an IRA or 401(k) and investing that money. And doing so...

Logo Nasdaq
Households are grappling with widespread inflation as economies reopen worldwide. The coronavirus pandemic has snarled supply chains, making it harder to...

Logo ING Economics
Consumer spending is still the main US growth driver. While incomes are not keeping pace with the rising cost of living, today's data suggests households are...

Logo Investing.com
Bloomberg. Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview on day two of the World Economic Forum...

Logo Nasdaq
TechnologyBy Zacks16 May
The latest disappointing preliminary consumer sentiment readings for early May are bearing the brunt of persistently high inflation levels. The University of...

Logo ETF Database
Despite high inflation and supply chain issues, U.S. consumers are spending more while paying down their credit cards, according to Bank of America Corp. CEO...

Logo Nasdaq
Lockdowns at the onset of the coronavirus pandemic certainly hurt Starbucks (NASDAQ: SBUX) as consumers saw their daily routines disrupted, including their...