U.S. Retail Spending Held Steady in July – WSJ
U.S. consumers continued opening their wallets last month, shifting savings from falling gasoline prices to purchases of everyday goods as they weathered high inflation and...
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Cash use set to survive pandemic slump – BBC News
The rapid decline in the use of cash during the pandemic has eased as consumers return to their preferred method of paying for things, a...
Americans are proving they know how to shop their way out of a crisis – CNN
It was the best of times (for Walmart), it was the worst of times (for Target). And an OK-ish time for everyone else. During earnings...
UK inflation: which goods and services have risen in price and by how much? – The Guardian
Inflation last month bust the double-digit barrier to hit 10.1%, the latest figures show. The Office for National Statistics uses the consumer prices index to...
Can the Visa-Mastercard duopoly be broken? – The Economist
“It’s like vegas,” says Matt Moore, the owner of a small bike shop in Georgetown, a neighbourhood in Washington. “You know you’re going to get...
US natural gas prices spike to 14-year high. Here’s why – CNN
US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of falling prices at the gas...
UK inflation rate rises to 10.1% in July – The Financial Times
The UK’s rate of inflation jumped to 10.1 per cent in July, the first time it has registered a double-digit annual increase in more than...
More Americans are relying on credit cards. That could be very costly – CNN
Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest...
The Fed’s Past Crises Hold Secrets to Tackling Future Recessions – Bloomberg
The Federal Reserve has lost control of inflation, and the cost of bringing it back on target may well be a recession. Worse news: Whenever...
UK workers suffer biggest hit to their wages since records began – CNN
UK workers have suffered the biggest drop in their spending power in more than 20 years as prices keep soaring. Average real wages — which...