In June, consumer prices ticked up 0.3 percent from May and rose at a 2.6-percent annual rate, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation.
Tag: Consumer Spending
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U.S. ECONOMY GREW MODESTLY IN THIS YEAR’S FIRST HALF
Adjusted for inflation, the U.S. GDP grew by 1.25 percent during the first six months of this year, initial government data indicates.
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DEL MONTE FOODS U.S. OPERATION GOES BELLY UP
The U.S. branch of Del Monte Foods, the processed foods division of Del Monte Pacific, has filed for Chapter 11 bankruptcy after it was unable to survive consumers’ prolonged post-2023 slowdown in grocery purchases.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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U.S. ECONOMY SHRANK MORE IN FIRST QUARTER THAN REPORTED
The U.S. economy contracted by 0.5 percent in January through March, not the 0.2 percent originally estimated, the Commerce Department reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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U.S. ECONOMY SHRINKS 0.2 PERCENT IN FIRST QUARTER
The American economy contracted by 0.2 percent in 2025’s first quarter, compared to 2.4 percent growth in 2024’s final three months. It was the first quarterly contraction since 2022.
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RETAIL REAL ESTATE BOOM FLATLINES
In the wake of the COVID War, brick-and-mortar retail rebounded and so did the demand for store space.
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RESTAURANT HOLDING COMPANY’S EARNINGS MISS EXPECTATIONS
Restaurant Brands International, which owns Burger King, Firehouse Subs, Popeye’s, and Tim Horton’s, reported first-quarter revenue of $2.11 billion, slightly short of the $2.13 billion analysts had foreseen.
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SOUTH KOREA’S ECONOMY CONTRACTS AS CONSUMERS CUT SPENDING
South Korea’s export-dependent economy puckered by 0.2 percent in this year’s first quarter, compared to the final quarter of 2024, and shrank by 0.1 percent against last year’s first three months.
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