Consumer spending articles
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The Australian Defence Formula: Spend! Spend! Spend!
The skin toasted Australian Minister of Defence, Richard Marles, who resembles, with each day, the product of an overly worked solarium, was adamant. Not only will Australians be paying a bill up to and above A$368 billion for nuclear powered submarines it does not need; it will also be throwing A$100 billion into the coffers of More
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Block raises annual forecast on resilient consumer spending
Payments firms have benefited from a tight labor market and wage growth that has allowed Americans to set aside worries of an economic slowdown and continue spending on travel, shopping and dining out. The company now expects annual adjusted core earnings to be at least $2.76 billion, higher than its previous forecast of $2.63 billion. Block also forecast adjusted core earnings between $670 million and $690 million in the second quarter, compared with analysts' average expectation of $642.2...
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Mastercard's profit beats on strong card spending by U.S. consumers
Gross dollar volume, the value of all transactions processed on Mastercard's platform, rose 10% to $2.3 trillion. Cross-border volume, which tracks spending on cards outside of the country of their issue, rose 18%. The payments technology industry is gearing up for a seismic shift following Capital One's $35.3 billion deal to acquire Discover Financial.