The ‘funflation’ effect: Why Americans are spending on travel and entertainment
Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment.But this summer it ...
Tag: Spending
Jamie Dimon says government spending has been ‘so extraordinary’ in the past five years he’s bracing for an economy of high inflation and unemployment
It seems JPMorgan CEO Jamie Dimon can’t see a way ahead for the U.S. economy that doesn’t end in stagflation. ...
Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder ...
Mastercard Q1 Results: Profit beats St expectations as consumer spending defies inflation worries
Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing ...
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Amy Hood, chief financial officer at Microsoft, speaks during a presentation on affordable housing in Bellevue, Washington, on Jan. 17, ...
Meta tumbles 11% on weak revenue forecast and Zuckerberg’s comments on spending
Meta shares tumbled 11% Thursday afternoon, on pace for their worst day since October 2022, after the company issued weak ...
Most people on weight loss drugs are spending less on restaurants and takeout, survey says
A food delivery messenger carries a take out bag outside aSweetgreen in Manhattan on September 14, 2023.Jeenah Moon | The ...
House Passes Spending Bill to Avert Shutdown, Prompting G.O.P. Mutiny
The House on Friday passed a $1.2 trillion spending bill to fund the government through September and avert a partial ...
President Biden signs $460 billion spending bill to avert a partial government shutdown
U.S. President Joe Biden delivers the State of the Union address to a joint session of Congress in the House ...
Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on ...
