spending Archives

China’s PDD shares slide after weak consumer spending dents revenue

August 27, 2024 mpsingh No Comments Business Chinas, Consumer, Revenue, Shares, spending, weak

By Reuters Published Aug 27, 2024 China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares down more than 25% in early trade. Reuters A fragile economy, persistent weakness in the property sector and high unemployment rates, have led [...]read moreChina’s PDD shares slide after weak consumer spending dents revenue

UK retail sales rise after discounts and Euros lift spending

August 16, 2024 mpsingh No Comments Business Discounts, euros, retail, rise, sales, spending

By Bloomberg Published Aug 16, 2024 UK retail sales bounced back in July after summer discounts and the Euros football competition unleashed spending at department stores and sports shops. Photo: Pexels The volume of goods sold in stores and online rose 0.5% in July after a revised drop of 0.9% the month before, the Office [...]read moreUK retail sales rise after discounts and Euros lift spending

UK weather rains on consumer spending in July

August 6, 2024 mpsingh No Comments Business Consumer, July, spending, Weather

By Reuters Published Aug 6, 2024 British shoppers kept a tight grip on their purse strings last month as rainy weather again dampened their appetite for spending, according to two surveys published on Tuesday. Photo: Pexels Barclays said spending on its credit and debit cards fell by 0.3% in annual terms in July, the second [...]read moreUK weather rains on consumer spending in July

Big Brands Reduce TikTok Ad Spending Ahead of US Removal

July 11, 2024 mpsingh No Comments Social media marketing reduce, spending, TikTok

With the U.S. TikTok sell-off bill still in place, which could see the app removed from America as of January next year, advertisers are already considering their options, according to new insights. As reported by Adweek, overall TikTok ad spend declined in both April and May, while four of the platform’s biggest spending advertisers have [...]read moreBig Brands Reduce TikTok Ad Spending Ahead of US Removal

A Vacation Spending Rule: The True Cost Is More Than You Think

June 10, 2024 mpsingh No Comments Personal finance Cost, rule, spending, True

Wondering how much to spend on vacation while being fiscally responsible and still having a good time? In this post, I offer a vacation spending guide to help you manage your spending responsibly without compromising on fun. I came up with this guide because I’m not sure people realize the true cost of their vacations [...]read moreA Vacation Spending Rule: The True Cost Is More Than You Think

American Eagle misses quarterly sales estimates on cautious consumer spending

May 30, 2024 mpsingh No Comments Business Consumer, estimates, quarterly, sales, spending

By Reuters Published May 30, 2024 American Eagle Outfitters on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt demand for its apparel and accessories often sold at full price. American Eagle Shares of American Eagle fell more than 8% in trading after the bell as the company also maintained its fiscal [...]read moreAmerican Eagle misses quarterly sales estimates on cautious consumer spending

Hyundai is spending close to $1 billion to keep self-driving startup Motional alive

May 2, 2024 mpsingh No Comments Technology close, HYUNDAI, spending, Startup

Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv. [...]read moreHyundai is spending close to $1 billion to keep self-driving startup Motional alive

Los Angeles Is Spending $11 Million On 100 Unproven AI Cameras To Issue Parking Tickets

April 28, 2024 mpsingh No Comments Auto Issue, Jalopnik, Los, million, spending

Artificial intelligence is an intimidating technology that’s held an increasingly influential and still unproven role in our lives, and now Los Angeles is spending $11 million to install 100 AI cameras in buses to ticket vehicles illegally parked in bus zones. Testing for this program is slated to begin this summer and is expected to [...]read moreLos Angeles Is Spending $11 Million On 100 Unproven AI Cameras To Issue Parking Tickets

UK consumer confidence may keep rising but spending concerns remain

April 19, 2024 mpsingh No Comments Business Concerns, confidence, Consumer, remain, Rising, spending

UK consumer confidence isn’t just on the up again, it’s reached a new two-year high amid improving personal finances, especially among the 25-34 year-olds. But that isn’t necessarily feeding through into people feeling better about spending. Photo: Pexels That’s according to the latest Deloitte Consumer Tracker, which showed UK consumer confidence has increased for a sixth [...]read moreUK consumer confidence may keep rising but spending concerns remain

LVMH sales growth slips on luxury spending slowdown

April 17, 2024 mpsingh No Comments Business growth, Luxury, LVMH, sales, spending

By Reuters API Published Apr 16, 2024 LVMH‘s sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories. See catwalkLouis Vuitton – Fall-Winter2024 – 2025 – Womenswear – France – Paris – [...]read moreLVMH sales growth slips on luxury spending slowdown