This holiday season, U.S. spending is expected to drop 5%, largely due to Gen Z's 23% cutback. Households are prioritizing value as economic uncertainty looms, reshaping shopping habits.
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In a sweeping change, the Trump administration has terminated the de minimis exemption, impacting low-value parcel shipments to the U.S. This move aims to curb tariff evasion and combat the influx of dangerous goods. Retailers like Shein and Temu are scrambling to adapt to the new rules.
As S&P 500 futures remain flat, investors gear up for crucial earnings reports from major retailers and await insights from the Federal Reserve's latest meeting minutes. With a potential interest rate cut on the horizon, the market's next moves are in the balance.
As earnings reports loom, Walmart emerges as a strong competitor while Target struggles with its identity. Investment expert Victoria Greene shares insights on what to expect from both retailers.
Stock futures are showing a slight decline as President Trump prepares to meet with Ukrainian President Zelensky and European leaders. This meeting follows a pivotal summit with Putin, while major retailers like Walmart prepare to report earnings. Central bankers will gather in Wyoming for the Jackson Hole symposium, with significant market implications on the horizon.
Stock futures are slightly higher as hopes for lower interest rates boost investor confidence. With major averages showing gains, the focus shifts to the Fed's upcoming meeting and key earnings reports from big retailers.
In a significant move, the US and China have extended their tariff truce for another 90 days, avoiding steep tariffs on Chinese imports just in time for the holiday season. This extension allows retailers to stock up on goods at lower rates, while both nations continue negotiations to address trade concerns.
The Nintendo Switch 2 is back in stock at major retailers like Best Buy, Target, and Walmart. Find out where to grab yours and discover must-play games like Donkey Kong Bananza!
