Catenna, Friday, March 14, 2025- China’s financial regulator on Friday ordered banks and other financial institutions to encourage more consumer financing and properly relax consumer credit quotas and loan terms to increase consumer spending in China. The National Financial Regulatory Administration (NFRA) said banks should lend more and also find ways to help borrowers who […]

Catenaa, Tuesday, March 04, 2025– Target reported reduced sales in the fourth quarter of 2024, the company reported on Tuesday, as sales fell by 3.1% from a year earlier with reduced consumer spending. Target’s sales fell to $ 30.91 billion from $ 31.9 billion, but that beat expectations. The net income of $1.1 billion, or $2.41 per […]

Catenaa, Tuesday, February 25, 2025– US consumer confidence tumbled to 98.3 in February, the largest monthly decline since August 2021, the Conference Board said on Tuesday, signalling the risk of recession. The report stated US consumer confidence index sank this month to 98.3 from 105.3 in January, falling far below the expectations of 103 by economists. Consumer […]

Catenaa, Thursday, February 27, 2025– US economic growth slowed in the fourth quarter of 2024, official data revealed on Thursday, with increases in consumer and government spending and decline in investments. Commerce Department’s Bureau of Economic Analysis (BEA) said Gross Domestic Product(GDP) decreased to a 2.3% in Q4 year on year, after accelerating at a 3.1% pace […]