Consumer finance articles
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China's factories fire up but consumer slump persists
China’s factory output has topped forecasts in April helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure on Beijing to do more to support growth. A mixed set of data on Friday followed other indicators for April that showed a patchy recovery […]
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What Walmart's Q1 earnings are revealing about US consumers
Walmart (WMT) posted its first-quarter earnings report revealing revenue that beat expectations and showed a growth in its e-commerce arm. Comparable sales and transactions rose 3.8% in the US, while the average ticket price was flat. Walmart CFO John David Rainey joined Yahoo Finance to give insight into the state of the consumer from Walmart's perspective, claiming consumers' wallets are "stretched." Yahoo Finance's Rachelle Akuffo joins Wealth! to break down the numbers behind Walmart's...
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Consumers don't expect their incomes to grow as fast as prices
Consumers forecast inflation at 3.3% this time next year and are less confident that their earnings will rise as much as they had expected.