Consumer Spending

Alibaba Plans Major AI Investment As Q3 Revenues Rebound

Alibaba flagged plans to invest more in its 'core businesses' of e-commerce and AI-powered cloud computing after reporting third-quarter revenues just abov...

Walmart Faces Some Tariff Challenges As Wall Street Awaits Record-Breaking Sales

Walmart investors worry its bargain-price-above-all approach leaves the retailer in a bind under President Donald Trump as he slaps new tariffs on goods ma...

Colgate-Palmolive Sees Weaker Annual Sales As Demand Slows Down

Toothpaste maker Colgate-Palmolive forecasts annual sales below Wall Street expectations after missing quarterly sales estimates.

DIA Sees 3% Increase In Q4 Sales, Spain Drives Growth

Spanish grocery retailer DIA reported that sales in the fourth quarter of 2024 reached €1.48 billion - a 2.9% increase overall.

Brown-Forman To Trim Around 12% Of Global Workforce

Brown-Forman has announced plans to lay off about 12% of its global workforce of 5,400 employees, as the Jack Daniel's maker looks to reduce costs amid wea...

Conad Sees Above Average Market Growth In 2024

Italian grocery retailer Conad has reported a 2024 turnover of €21.1 billion, representing a 4.5% increase compared to the previous year.

US Retail Sales Beat Expectations In November

US retail sales increased more than expected in November amid an acceleration in motor vehicle purchases, consistent with strong underlying momentum in the...