Takeaways: Rethinking How We Get Food – A traditional restaurant is one brand under one roof. With a commissary kitchen you can have multiple brands under one roof. But with CookUnity it’s different. Their “roof” is an app that connects chef with consumer. Technology is helping food get around easier,
Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly competitive housing market. A monthly housing sentiment index from Fannie Mae showed sentiment improving from November to
Opinions expressed by Entrepreneur contributors are their own. The current uncertain economy, coupled with rising inflation, is driving consumers to seek money-saving tactics, including cashback rewards, discounts, and online coupons. Economic pressures are driving the broad adoption of shopping rewards programs, which are “crossing the chasm” from coupon clippers and
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market.
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic, according to a
Consumer cyclical stocks have witnessed a substantial price dip amid bearish consumer sentiment and contracting macroeconomic growth rates. However, consumer spending remains strong and could help fundamentally sound consumer cyclical companies ODP (ODP), Movado Group (MOV), and TravelCenters of America (TA) to perform well despite the economic turbulence. Thus, we
(Bloomberg) — The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. Most Read from Bloomberg While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to
As 2022 goes into full swing, it stands to reason that as the pandemic doesn’t impose quite the burden that it once did, consumer discretionary spending will tick upward. After all, nonessential products and services will come into vogue again, right? (Aren’t we beyond the need for just toilet paper?)