Making Financial Headlines · Page 10
Companies Praise the Resilient Consumer, Who Still Has to Pay the Bill
· New York time
Early third-quarter earnings show steady U.S. consumer spending despite high inflation, with signs of strain, according to CNBC. Companies including Royal Caribbean, Coca-Cola and UPS described customers who continue to spend. That does not mean every household is equally comfortable or that the pattern will persist. For businesses, resilience is a reassuring description of demand. For shoppers, it can mean deciding which expense to keep and which to postpone. Corporate America has found a compliment for customers who keep buying; the customers may prefer a smaller receipt.
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