Mobile shopping is reportedly gaining ground during this year’s holiday shopping season. The growth is being driven by the convenience provided by refinements retailers have made to the mobile shopping experience, Reuters reported Friday (Nov. 29). While consumers used to browse on their mobile phones but go to a desktop computer to make their purchases, that has changed,…
As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value. “Consumers tell us their budgets are being stretched,” Cornell said Wednesday (Nov. 20) during the…
China’s economy likely gained momentum last month, with early indicators pointing to a rebound after the government began rolling out stimulus measures in late September. Industrial output and retail sales are expected to have grown at a faster pace in October compared to September, according to forecasts by economists in a Bloomberg survey. The government’s…
US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control. The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a third month, Bureau of Labor Statistics figures showed Wednesday. Over the last three months…
October’s annual inflation rate may have ticked up for the first time in seven months, suggesting the period of steady price declines could be stabilizing after more than two years of gradual cooling. Donald Trump’s election victory has introduced significant uncertainty about future inflation trends and how the Federal Reserve might respond if inflation picks…
China needs to deploy more economic stimulus if copper demand is to revive, according to a major importer of the metal. The government has issued a slew of measures since late September to shore up confidence in the world’s biggest buyer of metals, where a prolonged slowdown in the property market is dragging on growth….
It’s been a rocky few years for China’s tech sector. The fallout from a government crackdown kneecapped a generation of industry giants and startups alike, and broader macroeconomic headwinds have dampened consumer spending. But against this gloomy backdrop, Xiaohongshu has defied the odds. The fastest-growing social media platform in China saw quarterly sales top $1…
U.S. inflation has hit its lowest level since early 2021, marking a cooling trend in three years of economic price pressures. The Labor Department reported Thursday that consumer prices rose 2.4 percent in September compared to the same month last year, down slightly from 2.5 percent in August. This marks the smallest annual increase since…
U.S. inflation likely reached its lowest point since February 2021 last month, potentially clearing the way for another Federal Reserve rate cut. The consumer price index is expected to have risen 2.3% in September compared to 12 months earlier, according to economists surveyed by FactSet. This marks a drop from August’s 2.5% increase. The small…
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Traders will head to their desks this morning with some relief as the jaw-dropping gains in China ease….