Market Analysis
US Economy Grew Faster than Expected in Q4, Raising Hopes for a Soft Landing
Driven by robust consumer spending, US GDP grew faster-than-anticipated in Q4 2023.
Total Stories
6
News
Consumer Spending
Section
Consumer Spending
Market Analysis
Airline Stocks Plummet Amid Travel Spending Concerns, Analyst Downgrades
Airline stocks dropped significantly due to decreased travel demand and consumer confidence, with Jefferies downgrading major airlines.
Market Analysis
Stocks Open Lower as Q3 GDP Data Reveals Accelerated Growth Rate
US GDP grew at 4.9% annualized rate in Q3 2023, compared to 2.1% in Q2 and consensus estimates of 4.2%.
Best Stocks
Amex Down 4.4% as Revenue Misses Expectations
American Express shares fell nearly 4.4% to $169.36 after the company reported worse-than-expected revenue growth for Q2.
Market Analysis
Strong Consumer Spending Can Prevent Recession But Pandemic Savings Exhausted
Treasury Secretary Janet Yellen is optimistic about avoiding a recession but data suggests a grim outlook in the short-term.
FinTech
Bakkt CEO Says Consumer Spending Will Evolve into “Pay with Anything”
Bakkt CEO believes the next evolution of commerce involves all forms of digital assets being accepted as payment.