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Best Buy says electronics demand could pick up again

Aug 31, 2023
Demand for consumer electronics has fallen since the early days of the pandemic. But Best Buy says electronics demand could stabilize in the near future, or even grow.
The CEO of Best Buy said that this year could be a low point for electronics demand. And that next year, demand could slowly start to pick up.
Spencer Platt/Getty Images

Even as GDP growth cools, consumer spending is keeping the economy humming

Aug 30, 2023
Consumer spending, which accounts for most of GDP, grew more in the second quarter than initially reported.
"If the consumer is strong, you basically don't have to worry about much else," says Baird analyst Ross Mayfield.
Frederic J. Brown/AFP via Getty Images

Retail inventories have dropped. But discounts might stick around.

Aug 16, 2023
Over the last year, many retailers have been successfully using discounts to purge their excess inventories. Now, retailers might use discounts to lure skittish consumers.
Target announced its inventories were down 17% from last year.
Scott Olson/Getty Images

In China, prices have been falling for too long

Deflation has led to lost revenue for companies, layoffs, and decreased consumer spending.
Falling prices might be what the U.S. is aiming for, but in China, too much of a good thing is leading to layoffs and decreased spending.
Greg Baker/AFP via Getty Images

Why do consumers keep on spending — even when they don't have the cash?

Aug 14, 2023
Households feel their finances have been improving, the New York Fed says. But Americans appear to be racking up more credit card debt.
Analysts are looking at consumers' motivations for robust spending despite high prices and mounting debt. Per one theory, the feeling of surviving hardship and unpredictability has made them more confident.  
Spencer Platt/Getty Images

Consumer confidence is rebounding. Here's why.

Jul 26, 2023
The University of Michigan's consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
"We know from history that as long as folks are working, they feel more comfortable about spending,” said Quincy Krosby of LPL Financial.
David Becker/Getty Images for Nordstrom Rack

What video games can teach us about economic decision-making

Jul 24, 2023
Researchers use some video games to learn about spending behavior and how players respond to economic crises.
A screenshot of EverQuest II. Dmitri Williams, a professor at the University of Southern California, said he uses that title and other video games to study real-world behavior.
Courtesy EverQuest II

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The U.S. may still avoid a recession, retail sales indicate

Jul 18, 2023
Retail sales were soft but not terrible in June. More importantly they are at least keeping up with inflation, and don't foreshadow a recession.
Kena Betancur/Getty Images

Some small businesses worry they've hit the limit on raising prices

Jul 11, 2023
It could signal that wage and other cost pressures are easing or that sales are weakening and the economy is slowing.
Downbeat sales expectations could cause more businesses to decide against another price hike, said Bill Dunkelberg, chief economist with the National Federation of Independent Business.
Spencer Platt/Getty Images

Consumer spending is “all over the place,” chocolate shop owner says

Jul 7, 2023
Even with erratic demand, this Maine chocolatier is optimistic about a strong year for her business.
Dean's Sweets in Portland, Maine, is looking forward to a busy summer.
Melissa Mullen Photography