Economy News Wealthier Americans Are Driving Retail Spending And Powering Us Economy

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. Read More

Americans keep spending despite gloomy economy

Despite a pervasive sense of economic pessimism, Americans continue to spend robustly on goods and services. Recent retail trends reveal sustained consumer activity, even as negative sentiment looms ... Read More

American Consumers Are Stressed. They Plan to Spend for the Holidays Anyway.

Americans are nervous about the economy. They are troubled by the higher prices from tariffs. They are wary of a fizzling job market. They are poised to shell out during the holiday shopping season ... Read More

Americans plan to spend big this holiday season even as they fret about the economy, Visa finds

Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new ... Read More

Wealthy Americans Are Spending. People With Less Are Struggling.

Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market. Data show a resilient economy. But that largely ... Read More

US retail sales rose slightly in September, adding to months of big gains

Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer ... Read More

Americans' Downbeat Economic Sentiment Hasn't Stopped 'Aggressive' Spending

Sarina Trangle started as a corporate news reporter in October 2024. She previously spent four years on the business desk at Newsday, covering the health industry, commercial real estate and cannabis. Read More

AI-Led Investments Are Driving US Economic Growth

There’s no official read on how fast the US economy grew last quarter, thanks to the government shutdown. But almost everyone reckons it was a healthy pace — and that’s largely thanks to AI. The ... Read More