Tag: Consumer

Stock futures point to Wall Street gains, eyes on consumer data

(Reuters) – U.S. stock markets were set to gain on Friday but still looked on course to end the week in negative territory as the shock of the launch of an impeachment investigation into President Trump was countered by hopes for progress with China on trade. FILE PHOTO: Traders work on the floor at the…

BRP CEO brushes off concerns over global economy, citing consumer confidence

The possibility of a recession did little to dampen the spirits of BRP Inc.’s CEO, who highlighted encouraging consumer trends as the company raised its financial outlook for 2020 following record second-quarter revenues and a profit boost of 128 per cent. Jose Boisjoli, chief executive of the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cited…

Spending Shifts and Consumer Caution

We need time to better understand what’s happening A lot of economic data have been disappointing, including exports, investment and consumption. The first half of this year will probably be weaker than we forecast. But the job market is still strong and wages are rising. It’s a mixed picture, and we need more time and…

U.S. consumer spending increases solidly in June

WASHINGTON (Reuters) – U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately. FILE PHOTO: Shoppers ride escalators at the Beverly Center mall in Los Angeles, California, U.S., November 8, 2013. REUTERS/David McNew/File Photo…

Tesla fires back after Model 3 fails to earn Consumer Reports recommendation

Consumer Reports found plenty to like when it tested the Tesla Model 3 but had serious issues with the mass-market electric car’s emergency braking performance and user controls, leading its testing group to not give the vehicle a recommendation. Tesla took issue with Consumer Reports’ test results, citing its own test results, which showed braking to be…