Consumer Spending
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financeUS Q1 GDP Revised Down, Inflation Hits 3-Year High
US economy grew at 1.6% in Q1, down from 2.0% estimate. PCE inflation hit 3.8%, its highest since 2023. Consumer spending under pressure.
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financeUS Consumer Sentiment Crashes to Record Low 44.8
University of Michigan index hits all-time low of 44.8 as war-driven inflation and high gasoline prices devastate household confidence.
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financeBlock Raises Annual Profit Forecast Amid Strong Consumer Spending
Jack Dorsey-led Block lifts 2026 gross profit outlook to $12.33B, driven by resilient consumer spending and growth in Cash App and Square.
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financeChime Posts First-Ever Quarterly Profit on Consumer Resilience
Fintech firm Chime reports maiden profit, fueled by resilient consumer spending, with revenue up 25% to $647 million.
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financeDollarama Projects Slower Sales Growth Amid Economic Uncertainty
Dollarama forecasts a slowdown in sales growth, reflecting broader economic challenges and cautious consumer spending.
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healthRising Food Costs Drive Americans Back to Home Kitchens
High inflation and restaurant prices push consumers toward home cooking. Kantar and BLS data reveal significant shifts in household spending and dining habits across the United States.
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financeIRS Data Reveals Significant Jump in Average Tax Refunds
US taxpayers are receiving larger tax refunds this year, with average payouts up double digits, offering a financial boost amid economic pressures.
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financeUS Economy Slows Sharply, Falling Short of Expectations
US economic growth significantly decelerated in Q4, impacted by government shutdown and consumer spending shifts. AI and tax cuts may bolster future activity.