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☆ The trusty American consumer is poised to run out of steam by early next year, investor survey says
▼ + stars: | 2023-09-12 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Spending by the ever-reliable US consumer is about to fizzle out, according to a Bloomberg investor survey. Such resilience has staved off widespread recession fears, but as household savings run out, the fortunes of the US economy could reverse. AdvertisementAdvertisementIndeed, excess savings accumulated since the pandemic are poised to evaporate by as early as the end of September, the Federal Reserve Bank of San Francisco has said. "We still have very high prices, but we don't have all of that funny money around anymore, and the excess savings are going negative." The famed investor says the drying up of consumer savings is set to hammer corporate profits as spending declines.

Persons: –, Jeffrey Gundlach, Michael Burry Organizations: Bloomberg, Service, Federal Reserve, Federal Reserve Bank of San, Billionaire, DoubleLine, Fox Business Locations: Wall, Silicon, Federal Reserve Bank of San Francisco

☆ The US consumer has been holding up the economy this summer by splurging on movies and concerts — but this may not last, a new survey indicates
▼ + stars: | 2023-09-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The strong consumer spending propping up the US economy may not last, a Bloomberg survey found. Over half of the respondents said they think US personal consumption will shrink in early 2024. High interest rates and a drawdown of pandemic-era savings could hit consumer spending. Since consumer spending accounts for about 70% of the US economy, any changes in the measure are a big deal. AdvertisementAdvertisementMeanwhile, JP Morgan predicted in an August 17 note that the stock market is set to fall as US consumer spending softens.

Persons: Jim Chanos, Anna Wong, James Knightley, David Rosenberg, JP Morgan Organizations: Bloomberg, Service, Wall, Bloomberg Economics, ING, Federal Reserve Bank of San Locations: Wall, Silicon, Federal Reserve Bank of San Francisco

☆ The $128 billion retail media industry is the hottest space in advertising right now — and its growth tear is coming at the expense of Google and TV
▼ + stars: | 2023-09-02 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

US search spend on retail media properties is expected to grow 18.7% this year, while search spend outside retail media is expected to grow just 5%, per Insider Intelligence. Despite offering Shopping Ads and analytics and order management tools, industry analysts usually don't consider Google as a retail media operator. AdvertisementAdvertisementHowever, not all retail media spend is coming at the expense of Google and traditional advertising channels. Forrester's second-quarter marketing CMO pulse survey found that the majority of retail media spend is coming from existing trade and shopper marketing budgets. Retailers are cannibalizing those budgets to fuel growth of their retail media networks, said Nikhil Lai, senior analyst at Forrester.

Persons: —, Alex Brownsell, Bill Fisher, Nikhil Lai, Forrester's Lai Organizations: Google, Walmart, Service, Retail, Intelligence, Kroger, Forrester, Apple, Instacart Locations: Amazon, Wall, Silicon, Instacart

☆ How an empathy-first approach can help businesses increase profitability
▼ + stars: | 2023-08-29 | by ( Sponsor Post | Created Insider Studios With Paypal | ) www.businessinsider.com time to read: +8 min

78% of global consumers said they will be more loyal to businesses that help them through difficult times. of global consumers said they will be more loyal to businesses that help them through difficult times. These activities not only help make businesses more competitive, they also show workers that employers care about their professional growth. Here are three strategies businesses are using to help consumers navigate economic instability. 5 Le Parisien, Carrefour launches an online 'anti-inflation button' to help consumers buy cheaper, Nov 2022.

Persons: Joanne Hsu, upskilling, there's, that's, Agrobank, PwC, Kantar Organizations: PayPal, TrendWatching, Consumers, University of Michigan, Carrefour, Entrepreneurship, Insider Studios Locations: verticals, Malaysia

☆ 64% of investors surveyed feel unlimited vacation time could help companies beat the S&P 500 — but only 1 in 5 say this trend could actually gain traction
▼ + stars: | 2023-08-14 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

2 in 3 surveyed investors feel companies with unlimited vacation could beat the S&P 500. Unlimited time off may make little difference to the leave days taken by employees. Of those surveyed, 65% of professional investors and 57% of retail investors believed unlimited vacation companies could outperform the S&P 500's performance. However, only 18%, or less than 1 in 5, believe the trend of unlimited vacation time is likely to take off. In 2022, Glassdoor reported a 75% increase in mentions of "unlimited" leave policies in employee reviews since the pandemic's onset.

Persons: Glassdoor, Wharton, Peter Cappelli Organizations: Service, Bloomberg, Netflix, Microsoft, Society for Human Resource Management, Employees, Fast Company Locations: Wall, Silicon

☆ My company runs on a 4-day workweek. Our days can be intense but revenue has increased and we're never going back.
▼ + stars: | 2023-08-11 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

His company switched to a four-day workweek and saw an increase in revenue. I'd heard about companies, particularly in the UK, experimenting with a four-day workweek, and it made a lot of sense to me. A condensed workweek can be more intenseWe heard from employees that they loved the four-day workweek and never wanted to go back to the old way. If you want to try a four-day workweek at your company, here's my advice:Don't jump in feet first without a preliminary test. If your company's compensation is tied to time, a four-day workweek will be less successful.

Persons: Taylor Rosenbauer, RocketAir, we're, —, workweek, I'd, hasn't, it's Organizations: Service Locations: Wall, Silicon

☆ Despite all odds, consumers are still traveling this summer. Here are the stocks you need to own
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.

Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe

☆ Gary Vaynerchuk compares the rise of AI like ChatGPT to the way the internet revolutionized work: 'AI is coming for our jobs and that's ok'
▼ + stars: | 2023-02-24 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Gary Vaynerchuk predicts that AI software like ChatGPT will eliminate many jobs. He's optimistic about workers' ability to rally and adapt to AI, or create new roles. That's been true to an extent about previous types of automation, but AI looks likely to impact a broader demographic of workers. Like Vaynerchuk points out, there's some reason to be optimistic long-term about the job shake ups technology can cause. But Vaynerchuk is more convinced that AI represents the status quo for automation.

☆ 4 ways to re-engage employees who have checked out at work, according to an HR consultant
▼ + stars: | 2023-02-10 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

He recommends pulse surveys and scaling questions to help work through employee engagement issues. Encourage employees to write personal mission statementsI'm a big advocate of organizations getting employees to write personal mission statements. A personal mission statement defines an employee's values, who they are, and how they define success. When employees feel they have a clear purpose at work and believe their leaders set clear directions and expectations, companies' bottom lines benefit, too. In one case I worked with, incorporating personal mission statements into the hiring process helped the recruitment team find candidates who were aligned with company values and fully committed to their roles.

☆ Democrats have a Gen Z problem
▼ + stars: | 2023-01-11 | by ( Samuel Abrams | Jeremi Suri | ) www.businessinsider.com time to read: +11 min

November's midterms heralded a new force in American politics: Gen Z voters. Given the narrow margins and the Democrats' ability to retain the Senate despite historical precedent, commentators and analysts declared that Gen Z helped Democrats thwart a Republican wave. Gen Z isn't sold on the whole 'party' thingAmericans are increasingly unhappy with the two-party system. Given these circumstances, Democrats shouldn't take the political loyalty of Gen Z voters for granted. Despite assumptions about their left leanings, members of Gen Z are not firmly behind the Democratic Party, President Joe Biden, or many other well-known Democrats.

☆ Here are some strategies that can help you dig out of holiday debt
▼ + stars: | 2023-01-04 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +5 min

A new LendingTree study found 35% of Americans amassed holiday debt in 2022. And 37% of those taking on holiday debt said it would take them at least five months to pay it off. If you want to pay off your holiday debt well before this summer, here are seven steps you need to take now. Using less than 30% of your available credit can help you maintain your score, credit experts say, while using less than 10% can actually help raise that number. "A 0% balance transfer card, if you have good enough credit to get one, is the best weapon against credit card debt," said Matt Schulz, chief credit analyst at LendingTree.

☆ See the pitch deck that startup Assembly used to convince investors to bet $10 million on its approach to business software
▼ + stars: | 2022-12-12 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Assembly is a software app aimed at helping businesses manage their teams and projects. Here's the pitch deck it used to fundraise at an interesting time for the business apps category. Instead of splurging on a dozen business apps, they want "one single Swiss Army knife," said Hunter Walk, an Assembly investor. "One of the things we're trying to do is help you speed up your work," Purvis said, "and make it more delightful." Read the pitch deck Assembly used to woo clients and to land a preemptive funding offer in 2022:

On this National Latina Pay Equity Day — set aside on Dec. 8 to focus on the pay gap between Latinas and non-Hispanic white men — advocates are pressing a distinct message: It's worse than you think. The true reality of millions of working women has not been reflected in calculations of the wage gap by leaving out women who work part-time, seasonal or migrant jobs, Ramírez said. For Latinas, it takes an average of 24 months to equal what white, non-Hispanic males are paid in 12 months. According to the Justice for Women report, non-Hispanic white men working full and part time on average earn $50,624 per year, while Latinas working full and part time average $25,312. Among Latinas specifically working full time, year-round, women of Honduran descent had the lowest earnings compared to non-Hispanic white men, at 44 cents for every dollar earned.

☆ Why business alliances are a triple-win for your company, partner, and customers
▼ + stars: | 2022-12-01 | by ( Sponsor Post | Created Viu Hub With Insider Studios | ) www.businessinsider.com time to read: +6 min

Strategic partnerships are one way organizations can expand their offering to drive significant customer satisfaction and engagement. Some well-known examples of successful strategic partnerships include Starbucks and Target. Businesses are looking at strategic partnerships for growth now more than ever. Partnering with another business means you'll be able to reach their clients as well, making strategic partnerships an incredibly effective marketing strategy for both sides. The ability to support the transactional experience, enabling strategic partners to provide their customers with additional value while staying focused on their core business.

☆ Mastercard releases consumer spending survey
▼ + stars: | 2022-11-15 | 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 EmailMastercard releases consumer spending surveySteve Sadove, senior advisor at Mastercard, joins 'Power Lunch' to discuss the results of Mastercard's SpendingPulse survey, holiday season sale robustness and the categories performing best in the current environment.

☆ Formula shortage has improved in the US but still poses challenges for many
▼ + stars: | 2022-10-18 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +8 min

CNN —Despite improving stock rates, many families with new babies in the United States are still having trouble finding baby formula. But stock rates are still worse than they were before the formula shortage hit. My baby’s 7 months old now.”Throughout the formula shortage, quantifying the severity of the situation has been challenging. The Census survey data adds an important measure of personal experience to the mix, but it has limitations, too. About half of all baby formula sold in the United States is purchased with WIC benefits.

☆ Is Biden correct that the pandemic is over? Not exactly.
▼ + stars: | 2022-09-24 | by ( Denis Nash | ) www.nbcnews.com time to read: +9 min

During a CBS “60 Minutes” interview that aired on Sunday, President Joe Biden said the SARS CoV-2 pandemic was over. If Biden was referring to the emergency phase of the pandemic being over, his statement is in some ways correct — at least for now. If Biden was referring to the emergency phase of the pandemic being over, his statement is in some ways correct — at least for now. The U.K.’s Office for National Statistics (ONS) has had a model long Covid surveillance system in place since February 2021. Displaying long Covid metrics and related trends on the Covid Data Tracker would be helpful.

But this summer, the food stamps couldn't keep up with the grocery store's rising prices, sending her in search of a food donation for the first time. Some advocates argued for spending more on food stamps or cash distribution, which give people more choice than food handouts and also benefit local businesses. He doesn't qualify for food stamps, and has noticed when the pantry runs low on some items. While food supplies shrink, inflation is pushing more Americans toward food pantries for the first time. Food stamps made up less than 2% of U.S. government spending in 2022, according to U.S. Treasury data.

That spike in demand pushed prices higher, and was exacerbated by the retirement of coal-fired and nuclear plants, in favor of electric generators. Meanwhile, natural gas production has been slow to come back online after waves of shutdowns during the Covid-19 pandemic. Today, the price of natural gas is at levels not seen in more than a decade. The company said the increases are directly related to higher natural gas prices. "For many struggling families, higher prices can mean being forced to choose between heat, food or medication," the association said.

☆ September 21 is Black Women's Equal Pay Day. It shows how far America has to go to close the gender and racial wage gap.
▼ + stars: | 2022-09-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

September 21 is Black Women's Equal Pay Day. The pay gap affects Black women in multiple ways, including their savings for retirement. Equal pay day is calculated based on the size of that wage gap. The over $900,000 in loses over a 40-year career for Black women from the pay gap can negatively impact Black women financially. Mason said the money lost due to the pay gap affects "their ability to build wealth."

☆ How to be an empathetic boss, even when you're completely burned out
▼ + stars: | 2022-08-31 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Studies show that empathetic managers increase people's job satisfaction and cultivate loyalty. It's a human-resources cliché, but as anyone who's ever quit a horrible boss knows, there's a certain truth to it. Unfortunately for employees, research suggests that empathetic bosses are a rare breed. "Managers need to close the say-do gap by creating environments where workers feel valued and understood," he said. It goes back to the Tiny Pulse survey: empathy fatigue.

☆ Many stimulus programs are due to expire at the end of 2020, threatening the US economy during the COVID-19 pandemic's most challenging phase
▼ + stars: | 2020-11-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

On November 19, Mnuchin expressed his desire to have $580 billion in unspent stimulus funds redirected to small businesses and to extend unemployment benefits. This economic relief program extended traditional unemployment benefits from the standard 26 weeks to 39 weeks. Self-employed and gig economy workers can collect state unemployment benefits through December 31, but that will also expire under the CARES Act. At the end of July, the Federal Pandemic Unemployment Compensation, or FPUC, expired, which provided a federally funded $600 weekly supplemental boost to state unemployment payments. AdvertisementThe coronavirus pandemic has deeply impacted funding for first-responders, teachers, firemen, and police officers, the very people who have been on the front lines.

Persons: —, Nancy Pelosi, Mitch McConnell, gridlock, Steven Mnuchin, Pelosi, McConnell, Mnuchin, Donald Trump, Joe Biden, Paul Sakuma, Stout, Biden Organizations: Service, Relief, Economic, Business, Representatives, Democratic, Johns Hopkins University, Century Foundation, Survey, The New York Times, New Locations: Federal, coronavirus, State, New York City

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