A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.
Category: Consumer Behavior
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American Whiskey Distillers Brace for Trump’s 2nd Trade War
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
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Investors Recoil From Trump’s Pledge to Remake the Global Economy
Stocks hadn’t fallen this far this fast since the early days of the coronavirus pandemic. A 9.1 percent drop in the S&P 500 is the steepest weekly decline since March 2020.
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Tempted by Trump’s Tariffs to Panic-Buy? Don’t.
A census of Costco carts on Thursday revealed little fear. Tariffs could go as fast as they’re coming, and our columnist is not stuffing his pantry.
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Trump’s Tariff Agenda Bets on Americans Giving Up Cheap Goods
Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.
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In Tokyo, Rice Farmers Protest ‘Misguided’ Rules Fueling Shortages
A scarcity of rice is causing discontent among farmers and consumers in Japan and drawing attention to a policy some say has worsened shortages.
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Stocks Fall as Inflation Anxiety Dampens Mood on Wall Street
The S&P 500 index dipped as investors weighed new hotter-than-expected inflation data and braced for President Trump’s next round of tariffs.
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Trump Trade Policies and Federal Cuts Shake Consumer Confidence
The level in the Conference Board’s latest monthly survey was the lowest since January 2021.
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DoorDash Announces ‘Buy Now, Pay Later’ Partnership With Klarna
DoorDash said the arrangement with the financial tech service Klarna would allow customers to defer payments on orders such as takeout from restaurants, makeup and electronics.
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U.S. Consumer Sentiment Drops as Inflation Anxiety Soars
A new survey from the University of Michigan shows Americans bracing for economic pain as tariffs and policy uncertainty bite.
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Delta Air Lines Lowers Profit Outlook on Weaker Demand
The airline lowered its financial forecast for the first quarter as economic anxiety hurts demand for tickets.