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consumers

U.S. consumers are so strained they put more than $1B on BNPL during Black Friday and Cyber Monday

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Financially strained and cautious customers leaned heavily on buy now, pay later (BNPL) services over the holiday weekend. Cyber Monday alone generated $1.03 billion (a 4.2% increase YoY) in online BNPL sales with most transactions happening on mobile devices, per Adobe Analytics. Overall, consumers spent $14.25 billion online on Cyber Monday. To put that into perspective, … Read more

Micron stops selling memory to consumers, demand spikes from AI chips

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A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025. Justin Sullivan | Getty Images Micron said on Wednesday that it plans to stop selling memory to consumers to focus on meeting demand for high-powered artificial intelligence chips. “The AI-driven growth in the data center has led … Read more

U.S. consumers dial back in sign of anxiety heading Into holidays

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US consumers showed signs of fatigue leading up to the longest government shutdown, and their outlook has worsened ever since, sending a note of caution heading into the holiday-shopping season. Retail sales, not adjusted for inflation, rose a tame 0.2% in September after several months of more robust spending, according to data released Tuesday. A more current … Read more

Chinese firms chase Africa’s consumers as resource investments plunge 40%

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A picture taken on December 8, 2014 in Abidjan shows a Chinese shoe dealer in a transaction at Adjamene’s market. Sia Kambou | Afp | Getty Images Chinese business dealings in Africa, once dominated by state-owned enterprises, are now increasingly shifting toward consumer products from the private sector. While Africa’s faster-growing economies, such as Kenya, … Read more

As consumers ditch Google for ChatGPT, Peec AI raises $21M to help brands adapt

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With consumers increasingly asking questions of ChatGPT — not Google — product discovery is changing. And the promise to give brands visibility and control over this fast-growing search channel has made Peec AI one of Europe’s hottest startups. Just four months after its Seed round led by 20VC, the Berlin-based startup has raised a $21 … Read more

Top analyst sees ‘genuine cracks for mid- to lower-end consumers’ as the K-shaped economy continues to bite

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The narrative surrounding the “resilient U.S. consumer,” which has been a major upside surprise in 2025, is now facing significant headwinds, according to the Global Investment Committee (GIC) at Morgan Stanley Wealth Management. While consumer spending has maintained a steady nominal growth rate of 5% to 6%, underpinning a bullish outlook for US equities in … Read more

Some consumers pay to power data centers that don’t exist yet as states ask if forecasts are real

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The forecasts are eye-popping: utilities saying they’ll need two or three times more electricity within a few years to power massive new data centers that are feeding a fast-growing AI economy. But the challenges — some say the impossibility — of building new power plants to meet that demand so quickly has set off alarm bells for … Read more

BoE’s Deputy Governor says stablecoins from foreign jurisdictions could be risky for UK consumers

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Key Takeaways The Bank of England is tightening rules on stablecoins to protect UK consumers. Deputy Governor Sarah Breeden emphasized the need for clear guidance on stablecoins issued abroad, such as those from El Salvador. Share this article Bank of England Deputy Governor Sarah Breeden on Tuesday highlighted the need for greater clarity for UK … Read more

Candy inflation has spooked so many consumers almost 80% say they’re forced to scale back how much to buy for Halloween

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Don’t look now, but high prices might be sucking the sweetness out of Halloween. According to a survey by Shopkick and Trax, while excitement for the holiday is as high as ever, rising costs have shaken shoppers’ candy budgets. In fact, 86% of consumers noticed seeing candy prices increase, while 79% said they had scaled … Read more

How Coach and Prada are luring Asian consumers with coffee and cakes

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A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693). But a vanilla latte in its cafe? A comparative steal at SG$9. From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect with consumers who … Read more

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