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A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them … Read more
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China kept its benchmark lending rates steady on Monday as the country continues to grapple with weak consumer sentiment and softening growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and … Read more
A laborer loads consumer goods onto a supply cart at a wholesale market in Kolkata, India, on November 11, 2024. Nurphoto | Nurphoto | Getty Images India’s consumer inflation continued to ease in June, hitting a lower-than-expected 2.10%, government data showed on Monday. The headline inflation rate extended its slide after dropping to a more … Read more
For the first time this year, consumers pulled back on spending as the bad mood that’s been pervasive since tariffs hit caught up with retail data. Overall spending in May fell 0.1% from the prior month and incomes fell 0.4%, the Commerce Department reported Friday. Coming on the heels of a report that first-quarter GDP … Read more
When people hear the word tariffs, they usually think about global trade, politics, or international negotiations. But what many do not realize is how these taxes on imported goods can eventually hit much closer to home. In fact, tariffs can have a surprisingly big impact on consumer debt. The connection might not be obvious at … Read more
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images Consumers in the early part of June took a considerably less pessimistic about the economy and potential surges in inflation as progress appeared possible in the global trade war, according to a University … Read more
Snap is back with a new pair of AR smart glasses, and for the first time in years, it’s ready to sell them to consumers. The company plans to sell these new glasses, called Specs, to consumers starting in 2026, CEO Evan Spiegel announced on Tuesday during the Augmented World Expo in Long Beach, California. … Read more
A woman takes pictures with a Labubu doll at a Pop Mart store in Shanghai, China, on June 5, 2025. Ying Tang | Nurphoto | Getty Images China’s consumer prices fell for a fourth consecutive month in May, as Beijing’s stimulus measures appear insufficient to boost domestic consumption while trade tensions simmer. The consumer price … Read more
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon‘s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox. The ZeroOne team is spread across … Read more
Home services in India — whether it is cleaning, dishwashing, or laundry — have traditionally been offline and informally run. This has often resulted in delays and uncertainties for consumers, as well as inconsistent pay and job insecurity for workers. Recently, however, startups have begun viewing this area as ripe for transformation, leveraging technology to … Read more
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