Core Insights - Mastercard reported an increase in third-quarter profit and sales, driven by robust consumer and business spending [1] Financial Performance - The company experienced higher profit and sales figures in the third quarter compared to previous periods [1] Consumer and Business Trends - Strong consumer spending and business investment were highlighted as key factors contributing to the positive financial results [1]

Chinese shoppers are splurging on leisure, not designer brands https://t.co/QlF9g2MeQA ...

Hi, Victoria Guida from Politico. Um, on AI, I'm just wondering, you know, it seems like a lot of the economic growth that we've been seeing is fed by investments in AI. So, how worried are you about what a sudden contraction in tech investment would mean for the overall economy.Is there enough strength in other sectors. And um, specifically, are there are there any lessons that you take from the 1990s in in how you might uh approach what's happening right now. Yeah, this is this is different um in the sens ...

Economic Growth and AI Investment - The economic growth observed is significantly driven by investments in AI, raising concerns about the impact of a sudden contraction in tech investment on the overall economy [1] - Unlike the dot-com bubble of the 1990s, current highly valued companies possess earnings and established business models, indicating a more stable economic environment [2][3] Consumer Spending - Consumer spending remains a substantial component of economic growth, outpacing the contributions from AI investments, with continued growth despite negative forecasts [3] - The current consumer spending trend appears to be skewed towards higher-end consumers, yet it still represents a major portion of economic activity [3] Labor Market Dynamics - The labor market is experiencing a slowdown due to a sharp decline in the supply of workers, primarily attributed to immigration issues and lower labor force participation [4] - The reduced supply of workers has led to decreased demand for new jobs, as fewer individuals are available to fill positions [4] Economic Growth Rate - The economy is projected to grow at a slower rate of approximately 1.6% this year, down from 2.4% last year, with potential for higher growth if not for recent shutdowns [5]

CONCLUDED Fed Meeting Today: Interest Rates, Quantitative Tightening, Powell Speech, and More Last Updated: 3 hours ago Higher-Income Consumers Are Spending, Lower- Income Households Are Hurting By Sabrina Escobar Saved Articles Watchlist Newsletters Video Center Spending is still powering the U.S. economy as consumer balance sheets remain healthy. "While some households are clearly under stress, in the aggregate, households are negotiating financially relatively manageable levels of debt,†Powell said. Yet, ...

Core Viewpoint - Kraft Heinz reported lower third-quarter sales and adjusted its full-year outlook due to concerns about rising inflation and a decrease in consumer spending [1] Company Summary - Kraft Heinz experienced a decline in third-quarter sales, indicating potential challenges in maintaining revenue growth [1] - The company has revised its full-year outlook downward, reflecting a cautious approach in light of current economic conditions [1] Industry Summary - The food industry is facing pressures from higher inflation, which is impacting consumer purchasing behavior [1] - There is a noticeable pullback in consumer spending, which may affect overall sales across the industry [1]

Chinese shoppers are splurging on leisure, not designer brands https://t.co/v7YVvPhO7o ...

Matt Boss again, congratulations on being named number one in retail on the street for however many years in a row it's been. Um, you don't cover Wayfair, but you see Wayfair and the stock is doing obviously great things today on the back of its earnings and you think what as it translates into the stocks you do follow. >> Yeah, thanks for having me on, Scott.And and on the number one, I really appreciate that. JP Morgan, big win for them, too. Just more broadly, I wanted to uh point that out.It's great to ...

Visa reported a rise in fourth quarter adjusted profit on Tuesday, as strong consumer spending trends helped the global payments processing company's card transaction volumes. ...

Watering down dish soap. Trading down to grocery discounters. Buying half a cow. Americans struggling with higher costs are going to great lengths to stretch spending on food and household staples. https://t.co/5bfmRCaFM8 ...