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☆ Rise of Hate Spending: Americans Detest High Prices but Keep Shopping
  + stars: | 2024-04-21 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +12 min
According to experts I talked to, the surge in hate spending can be attributed to various factors. They're aware prices aren't going back to 2019 levels, and given everything everyone's just been through, they may as well live it up. She told me that she often finds herself outraged by prices — and then ultimately succumbs to the forces of capitalism. It's easy to say you want to cut back on spending, given high prices, but when a friend asks whether you want to go shopping, it's hard to say no. Hart, the Illinois writer with a brand-new Stanley cup, sees some of her spending as a way to reclaim power.
Persons: Christ, Lydia Boussour, they're, everyone's, Jordan Hart, Hart, Boussour, —, they've, it's, acclimated, It's, Claire Tassin, Tassin, There's, Taylor Swift, jonesing, people's, Ravi Dhar, Dhar, he'd, he's, I've, she'd, she'll, Stanley Organizations: Retail, Consumers, Morning, Center, Yale School of Management Locations: America, Illinois, YOLO splurging, Europe, York
☆ Geopolitical strife is roiling Wall Street. Here’s what investors are watching
  + stars: | 2024-04-16 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Those what-ifs could further roil gas and oil prices. But if there’s further conflict, he said, “you’d see a much higher premium for oil prices. If there’s a de-escalation of tensions between Israel and Iran, they said, oil prices should come down over the next few weeks. But if there’s an escalation in conflict, they expect that oil prices could jump to more than $100 per barrel, they wrote in a note Monday. Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday.
Persons: New York CNN —, JPMorgan Chase, Jamie Dimon, ” Dimon, Jerome Powell, We’ll, Christine Lagarde, Andrew Bailey, Dave Sekera, Israel doesn’t, ”, “, Moody’s, there’s, Chris Isidore, Pete Muntean, Sam Salehpour, Read, Bryan Mena, Claire Tassin Organizations: CNN Business, Bell, New York CNN, Dow, JPMorgan, International Monetary Fund, IMF, Bank, Bank of Canada, Seven, European Central Bank, Bank of England, Morningstar, Nvidia, AMD, Wall Street Journal, Federal Reserve Bank of New, Boeing, Federal Aviation Administration, Alaska Airlines, Commerce Department, Morning, Amazon Locations: New York, Russia, Ukraine, China, United States, Washington ,, Iran, Israel, Federal Reserve Bank of New York
☆ Inflation pressures have driven holiday shoppers into gift cards, says Morning Consult's Claire Tassin
  + stars: | 2022-12-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation pressures have driven holiday shoppers into gift cards, says Morning Consult's Claire TassinClaire Tassin, retail and e-commerce analyst with Morning Consult, joins CNBC's 'Squawk Box' to discuss the state of retail amid the busy hoilday shopping season.
☆ US consumer confidence falls to lowest level since July
  + stars: | 2022-11-29 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +4 min
Minneapolis CNN Business —US consumer confidence fell in November as inflation and economic uncertainty continued to loom large and potentially dampen holiday shopping plans. The Conference Board’s consumer confidence index measured 100.2 for the month, lower than the downwardly revised 102.2 in October. The index is at its lowest level since July, when it fell to 95.7 amid spiking gas prices and worsening inflation. “If we had a combination of higher prices and higher unemployment at the same time, I think we’d be seeing a very different consumer than what we see right now,” he said. While consumer confidence has fallen, it still remains relatively resilient; but it is unlikely to last, said Chris Rupkey, chief economist of FwdBonds LLC, in a note on Tuesday.
☆ Online Black Friday sales set a new record
  + stars: | 2022-11-28 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
Adobe, which tracks sales on retailer websites, said that this year’s Black Friday online sales were 2.3% higher compared to last year, with electronics, smart home equipment, toys and exercise equipment providing the biggest boost. Online shopping is expected to remain strong through Cyber Monday. The holiday shopping season looks very different now than it once did. Instead of doorbuster deals on Black Friday, many retailers began their holiday sales in early fall. By spreading out their holiday deals online, retailers have reduced the draw of Black Friday.
☆ Disabled Shoppers Struggle With Inaccessible Self-Checkouts
  + stars: | 2022-11-21 | by ( Katie Deighton | ) www.wsj.com   time to read: +8 min
Stores’ self-checkout machines can annoy shoppers with error messages about unexpected items in the bagging area and other hiccups. PREVIEWThe problem is spreading as companies continue to install self-service transaction machines around the world, some disabled people and disability-rights activists say. The Baltimore-based organization last year worked with McDonald’s Corp. to upgrade its self-service kiosks so that they could be used independently by blind people. Walmart said its self-checkout system was accessible because staff had been trained to help disabled customers use it. Steps toward potential regulationsThe U.S. is looking into the possibility of creating regulations for the accessibility of self-service checkouts and ordering systems.
☆ Parents struggling with inflation: 'I left that $25 backpack for my preschooler at the checkout.'
  + stars: | 2022-09-04 | by ( Parija Kavilanz | Cnn Business | ) edition.cnn.com   time to read: +6 min
New York (CNN Business) As Sarah Longmore finished her back-to-school shopping, the mother of five looked at a $25 backpack for her preschooler. Like Longmore, many parents — regardless of income — are finding their back-to-school dollars aren't going as far as they once did. Just 36% of parents said they would be able to pay for everything their kids need this school year, according to Morning Consult's annual back-to-school shopping report . JUST WATCHED Online shopping prices are starting to ease. Here's why that's significant Replay More Videos ... MUST WATCH Online shopping prices are starting to ease.
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