Tag: Savings

U.S. Economic Growth Accelerated in the Third Quarter

The United States economy surged in the third quarter as a strong job market and falling inflation gave consumers the confidence to spend freely on goods and services. Gross domestic product, the primary measure of economic output, grew at a 4.9 percent annualized rate from July through September, the Commerce Department reported Thursday. It was […]

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In China, Businesses Cut Prices as Consumers Spend Less

To understand today’s penny-pinching Chinese consumers, behold the vicious price war playing out among the country’s coffee store giants. Luckin Coffee, a popular Chinese chain, rose to prominence and opened 10,800 stores by successfully undercutting Starbucks’s prices. But now, Cotti Coffee, an upstart rival started by the same two people who founded Luckin, is undercutting […]

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