🇺🇸 The US consumer is still spending but increasingly, that consumer is the top 10% 🚨 📊 At the aggregate level, consumer spending can look resilient and even strong but underneath the surface, the composition of that spending has changed materially. The top 10% of US earners https://t.co/WOLGz145n4 #ConsumerSpending #Top10Percent #USEconomy #US
🇺🇸 Wall St #WeekAhead Nvidia, retailer reports to shed light on AI boom, consumer spending - Reuters https://t.co/7oEJ3YB6Zq #WallStreet #Nvidia #ConsumerSpending #US
U.S. retail sales rose 0.5% in April, influenced by inflation driven by the conflict with Iran, alongside significant increases in gasoline prices and slower growth in consumer spending, raising concerns about potential decline in spending amid record low consumer sentiment. #RetailSales #Inflation #ConsumerSpending #US #IL #IR
Despite a 0.5 percent rise in retail sales in April, which reflects resilient consumer spending amidst inflationary pressures and soaring gas prices due to the war in Iran, signs indicate that many Americans, particularly those in lower-income brackets, are feeling financial strain and are adjusting their spending habits accordingly. #ConsumerSpending #RetailSales #InflationImpact #US #IR
Visa reported better-than-expected profits for the second quarter, driven by a 9% increase in payment volumes amid ongoing macroeconomic uncertainty, which led to a 6% rise in its shares, while noting that its business model is resilient against economic downturns, with substantial growth in both data processing revenue and stablecoin settlements. #Payments #ConsumerSpending #DigitalFinance
