Recession

US Consumer Confidence Recovers In May Amid Worries About Inflation

US consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labour market.

UK Retail Sales Jump, Suggesting Recession Will Be Short-Lived

British retail sales rose by a stronger-than-expected 3.4% in January, according to official figures that showed signs of strength among consumers a day af...

Czech Retail Sales Sink In 2023, But Recovery Signs Spotted

Retail sales in the Czechia fell sharply in 2023 amid high inflation, the statistics office said, although signs of recovery among consumers at the end of...

UK Retail Sales Dive In January At Fastest Pace In Three Years: CBI

British retail sales volumes slid in January at the fastest pace for three years, according to an industry survey which echoed weak official data published...

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Hormel Foods reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company's shares up as much...

Dollar Tree Cuts Annual Profit Forecast On Slowing Discretionary Demand

Dollar Tree on Thursday cut its annual profit forecast after missing quarterly profit estimates, hurt by slowing demand for discretionary items, sending sh...

UK Consumers Turn More Confident Despite Inflation Pain: GfK

British consumer confidence has risen for the fourth month in a row to its highest in 15 months as households take a more positive view about the economy a...

Japan Emerges From Recession On Post-COVID Consumer Rebound

Japan's economy emerged from recession and grew faster than expected in the first quarter as a post-COVID consumption rebound offset global headwinds, shor...