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Search resuls for: "– CNN’s Alicia Wallace"


5 mentions found


☆ Consumers are stressed. It could be showing in how we bought toys in 2023
  + stars: | 2024-02-11 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com   time to read: +6 min
New York CNN —Consumers bought fewer toys in all of 2023, including during the key Christmas toy-buying period, showing that households continue to pare back on discretionary products. But toy sales in all of 2023 dropped 8%, both in dollar terms (how much consumers paid for toys) and in unit sales (meaning how many toys consumers bought). This shows that shoppers bought fewer toys but also traded down in prices to cheaper toys. “While 2023 was a challenging year for the U.S. toy industry, the four-year compound annual growth rate remains positive,” she said. Among the toys that consumers did buy in 2023, Pokémon, Barbie and Squishmallows were the top three best-selling brands last year, according to Circana.
Persons: pare, Circana, ”, Juli Lennett, Lennett, I’ve, “, ” Lennett, ” Jon Copestake, EY, ” Copestake, ” Robby Pettinato, Joy, ” Pettinato, Toy Joy, “ Anecdotally, “ That’s, it’s, Pettinato, Barbie, Squishmallows, Price, Melissa, Doug, – CNN’s Alicia Wallace, Katie Lobosco Organizations: New, New York CNN — Consumers, Commerce Department, Hasbro, Wild, Inc, CNN, ”, Star, Marvel, Disney Locations: New York, United States, U.S, Austin
☆ Wings, shrimp and booze: Super Bowl party hosts budget carefully this year
  + stars: | 2024-02-01 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com   time to read: +6 min
“The only time I use my grill that’s outside on my deck is for my Super Bowl party,” said Steward, in an interview with CNN. Tricks to manage the costThis year is the 26th year that San Francisco resident Amy Larson and her husband are throwing their Super Bowl party. “Super Bowl every year is my excuse to make him tailgating food, in particular hot wings,” she said. Over the years, Larson has perfected a few tricks to manage her Super Bowl food budget. “I also usually buy spirits and other drinks but I’m not sure about that either because of the higher prices,” Steward said.
Persons: Tod Steward, He’s, It’s, ”, Steward, Steward hasn’t, “, haven’t, that’s, ” Tod Stewart, Tod Steward There’s, Debbie Downer, ” Michael Swanson, Swanson, ” Swanson, Amy Larson, Larson, Amy Larson's, Amy Larson “, ” Larson, he’s, ” Steward, –, Alicia Wallace Organizations: New, New York CNN, Super Bowl, CNN, Wells Fargo, San, Bowl, Super Locations: New York, Seattle, Wells, San Francisco, Bay
☆ American consumers are growing worried about a US debt default
  + stars: | 2023-05-12 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
“If policymakers fail to resolve the debt ceiling crisis, these dismal views over the economy will exacerbate the dire economic consequences of default.”The latest survey showed that the university’s consumer-sentiment index fell by 9% in May. Monthly household spending growth tumbled to 5.4% from a revised 7.1% in December, according to the New York Fed’s Household Spending Survey, which is fielded every four months. Michigan’s report showed US household spending was flat in March from the prior month, after limping just 0.1% in February. Stack on top of that the Federal Reserve’s punishing interest-rate increases and still-high inflation, and consumers might just tap out. The Conference Board’s sentiment survey showed that consumer confidence worsened in April as Americans became more worried about the jobs market.
☆ Janet Yellen: Strong job growth shows recession probability is low
  + stars: | 2023-02-06 | by ( Betsy Klein | ) edition.cnn.com   time to read: +2 min
Washington CNN —Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and low unemployment on the eve of President Joe Biden’s State of the Union address. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years,” Yellen said during an appearance on ABC’s “Good Morning America. Friday’s jobs report showed that the US economy added an whopping 517,000 jobs in January, according to the Bureau of Labor Statistics. The unemployment rate ticked down a tenth of a percentage point to 3.4% — the lowest jobless rate since May 1969. “What I see is a path in which inflation is declining significantly, and the economy is remaining strong,” Yellen said on GMA.
☆ Inflation is so high, even Snoop Dogg’s blunt roller got a raise
  + stars: | 2022-06-11 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +1 min
New York CNN Business —Inflation is hitting everyone hard – even Snoop Dogg. On Tuesday, the rapper tweeted that even his professional blunt roller got a raise. “Inflation,” Snoop Dogg tweeted in response to a post by UberFacts, which said his full-time blunt roller makes between $40,000 to $50,000 a year. “On his resume it says, ‘what do you do?’ ‘I’m a blunt roller.’ P-B-R, professional blunt roller.”It’s a coveted job – in 2021, Snoop Dogg said he has 81 smoke breaks a day on Reddit. But good news for Snoop Dogg – despite surging prices, the price of cannabis hasn’t faced the same sticker shock.
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