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Consumer Weakness

All articles tagged with #consumer weakness

business2 years ago•2 min saved

Starbucks Sales Plummet in Unprecedented 11-Day Slump

Starbucks shares have experienced a record 11-day decline, erasing 9.4% of the company's market value, as concerns grow over a slowdown in sales. Third-party sales data suggests a "material slowing" at Starbucks in November, prompting analysts to lower their growth estimates for the first quarter of 2024. Investors are nervous that US comparable sales may fall short of expectations, as credit-card data indicates a slowdown. Sales trends in the snack and coffee industry have also decelerated, with softer trends at Starbucks being a contributing factor.

via Yahoo Finance|

#business #coffee-industry #consumer-weakness

finance2 years ago•4 min saved

Precious Metals React to Global Economic Factors: Gold Rallies on U.S. Recession Concerns, Silver Gains from Chinese Stimulus

Gold's appeal to investors has diminished due to the improving economic outlook in the United States, but weakness in U.S. consumers could still lead to a recession and boost the precious metal, according to Heraeus. The analysts believe that the Federal Reserve is likely to maintain a 'higher for longer' policy on interest rates, which has strengthened the dollar and caused the gold price to slip. However, if consumers falter and a recession occurs, the gold price could rebound. Meanwhile, silver is expected to benefit from Chinese stimulus measures aimed at bolstering the economy, as expectations of further stimulus support industrial metals prices.

via Kitco NEWS|

#chinese-stimulus #consumer-weakness #finance