#domestic-consumption

#domestic-consumption

Employers added 178,000 jobs last month, much more than forecasters had expected, reversing big job losses in February and indicating a rebound in the labor market.

Robinhood's Platinum credit card, with a $695 annual fee, includes travel rewards, $250 in DoorDash credits, and a free Amazon One Medical membership.

'Walmart Worries' just keep multiplying. It's currently close to the highest level ever recorded which was during the Great Financial Crisis of 2008-09.

The S&P 500 closed up approximately 2.4% near 6,496, while the Nasdaq Composite gained roughly 3.3% to around 21,475, indicating a strong market response to geopolitical news.

High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.

Americans are feeling this, I don't have to tell you guys. If you have filled up a tank of gas, you are paying 80 to 90 cents more per gallon than before this war began. That's a sharp increase. It's painful. You feel it and it will impact your spending everywhere else. It's an economic hit.

Over half of Americans, 60%, say a weeklong vacation is unaffordable-and even 49% report the small joy of going out to dinner is out of their budgets. Around 74% also say buying a new car is too expensive, but beyond these commonplace "luxuries," U.S. adults are battling the exorbitant costs of everyday essentials.

The US dollar was relatively stable on Friday, trading close to a one-month high and positioning for a weekly gain that reverses the prior week's decline. The move has been reinforced by a broad rise in treasury yields during the last few days, reflecting stronger labour data and Federal Reserve minutes that highlighted a committee still debating the appropriate pace of policy adjustment.

The Conference Board said Tuesday that its consumer confidence index cratered 9.7 points to 84.5 in January, falling below even the lowest readings during the COVID-19 pandemic. A measure of Americans' short-term expectations for their income, business conditions and the job market tumbled 9.5 points to 65.1, well below 80, the marker that can signal a recession ahead. It's the 12th consecutive month that reading has come in under 80. Consumers' assessments of their current economic situation slid by 9.9 points to 113.7.