Consumer Spending
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US 'Black Friday' Online Spending Put At Record $10.8 Billion
American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday.
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Concerts To Cosmetics, CLSA Report Reveals What Young Indians Are Splurging On
Young Indians are shifting away from splurging on traditional retail and fast-moving consumer goods (FMCG), as per brokerage firm CLSA's latest report.
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Epic Games, EA, Roblox Among Video Game Companies Hit with EU Complaint for 'Tricking Consumers'
An EU consumer complaint on Thursday accused videogaming firms of misleading gamers into spending money. The move against Epic Games, Electronic Arts, and Roblox among others has come amid rising concerns about children turning into gaming addicts.
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Take-Two Looks at GTA 6, Other New Games to Boost Bookings in Next 2 Fiscal Years
Take-Two said it saw a decline in recurrent consumer spending for GTA Online in the first quarter, signaling that after years of consistent growth, player engagement rates for the live-service title might be slowing down. The videogame publisher is gearing up for the launch of its long-awaited Grand Theft Auto VI next year.
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40% Jump In Quick Commerce Spending During T20 World Cup Final: Report
Fintech startup Simpl on Sunday said that it witnessed a 40 per cent jump in consumer spending on its platform around the T20 World Cup Final.
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India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
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Fitch Ratings Raises India's Growth Forecast For Current Fiscal To 7.2%
Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment.
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What Is Brain Rot And Why Is The Internet Talking About It
Researchers call it a condition of "mental fogginess", simply put, 'brain rot' is the effect of spending too much time online consuming low-quality content.
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Taylor Swift Tour Boosts European Economy, Shows Bank Of America Data
Consumer spending growth has slowed, but not for Taylor Swift fans traveling to Europe for the Eras Tour, according to Bank of America Corp.
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How India Spent Its Money In 2023? Report Reveals Financial Habits
The report analysed over a billion transactions conducted on its platform between April 1, 2023, and March 31, 2024, revealing the areas where Indian consumers spent their money.
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Fast-Food Slowdown Catches Up With McDonald's India Franchisee
Shares in India's Westlife Foodworld fell as much as 7.7% on Friday, a day after the McDonald's operator reported a surprise drop in quarterly profit and indicated high inflation was squeezing consumer spending in the current festive quarter.
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US Economy Grows At Fastest Rate In Nearly 2 Years
The US economy heated up in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.
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Spends On Essential Items Increase For 58% Of Families In August: Report
The overall household spending for 58 per cent of families increased in August, marking the highest levels over the last five months, according to the Axis MyIndia Consumer Sentiment Index (CSI) survey.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Apple's 1st Product That "You Look Through And Not At": Rs 3 Lakh Headset
Apple Inc. will charge an eye-popping $3,499 for its long-awaited mixed-reality headset, testing whether consumers are ready to spend big bucks on a technology that the company sees as the future of computing.
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US 'Black Friday' Online Spending Put At Record $10.8 Billion
American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday.
-
Concerts To Cosmetics, CLSA Report Reveals What Young Indians Are Splurging On
Young Indians are shifting away from splurging on traditional retail and fast-moving consumer goods (FMCG), as per brokerage firm CLSA's latest report.
-
Epic Games, EA, Roblox Among Video Game Companies Hit with EU Complaint for 'Tricking Consumers'
An EU consumer complaint on Thursday accused videogaming firms of misleading gamers into spending money. The move against Epic Games, Electronic Arts, and Roblox among others has come amid rising concerns about children turning into gaming addicts.
-
Take-Two Looks at GTA 6, Other New Games to Boost Bookings in Next 2 Fiscal Years
Take-Two said it saw a decline in recurrent consumer spending for GTA Online in the first quarter, signaling that after years of consistent growth, player engagement rates for the live-service title might be slowing down. The videogame publisher is gearing up for the launch of its long-awaited Grand Theft Auto VI next year.
-
40% Jump In Quick Commerce Spending During T20 World Cup Final: Report
Fintech startup Simpl on Sunday said that it witnessed a 40 per cent jump in consumer spending on its platform around the T20 World Cup Final.
-
India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
-
Fitch Ratings Raises India's Growth Forecast For Current Fiscal To 7.2%
Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment.
-
What Is Brain Rot And Why Is The Internet Talking About It
Researchers call it a condition of "mental fogginess", simply put, 'brain rot' is the effect of spending too much time online consuming low-quality content.
-
Taylor Swift Tour Boosts European Economy, Shows Bank Of America Data
Consumer spending growth has slowed, but not for Taylor Swift fans traveling to Europe for the Eras Tour, according to Bank of America Corp.
-
How India Spent Its Money In 2023? Report Reveals Financial Habits
The report analysed over a billion transactions conducted on its platform between April 1, 2023, and March 31, 2024, revealing the areas where Indian consumers spent their money.
-
Fast-Food Slowdown Catches Up With McDonald's India Franchisee
Shares in India's Westlife Foodworld fell as much as 7.7% on Friday, a day after the McDonald's operator reported a surprise drop in quarterly profit and indicated high inflation was squeezing consumer spending in the current festive quarter.
-
US Economy Grows At Fastest Rate In Nearly 2 Years
The US economy heated up in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.
-
Spends On Essential Items Increase For 58% Of Families In August: Report
The overall household spending for 58 per cent of families increased in August, marking the highest levels over the last five months, according to the Axis MyIndia Consumer Sentiment Index (CSI) survey.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
Apple's 1st Product That "You Look Through And Not At": Rs 3 Lakh Headset
Apple Inc. will charge an eye-popping $3,499 for its long-awaited mixed-reality headset, testing whether consumers are ready to spend big bucks on a technology that the company sees as the future of computing.
