Consumers

Investors jolted as U.S. retailers show inflation hitting consumers

Investors jolted as U.S. retailers show inflation hitting consumers

NEW YORK, May 19 (Reuters) – Evidence of red-hot inflation seeping into the American economy is sending a chill through investors after major U.S. retailers reported people are cutting back on buying bigger-ticket items as they just try to get by. Investors wiped almost 25% off Target (TGT.N) shares on Wednesday after its profit halved, …

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Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

TOKYO — Last December, after two years of stop-and-go growth, Japan’s economic engine seemed like it might finally be revving up. Covid cases were practically nonexistent. Consumers were back on the town, shopping, eating out, traveling. The year 2021 ended on a high note, with the country’s economy expanding on an annual basis for the …

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How Consumers Energy would deal with possible power shortfalls this summer

How Consumers Energy would deal with possible power shortfalls this summer

GRAND RAPIDS, Mich. (WOOD) — A report from Midcontinent Independent System Operator, a nonprofit organization that operates the power grid for 15 states including Michigan, is warning there might not be enough power this summer. The April report says Michiganders should expect rolling black/brownouts in July and August. “We have anticipated challenges due to the …

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