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Walmart earnings reveal concerning shift in customer behavior

Earlier this year, Walmart’s fourth-quarter earnings report revealed a troubling shift in customer behavior, showing that its newest growth came from households making more than $100,000. TheStreet retail reporter Maurie Backman detailed the news, explaining how Walmart’s results provided an economic warning: “When higher-income households begin to prioritize savings and value, it suggests that consumers

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Bank of America data point to a silent U.S. income crisis

Bank of America data are pointing to a growing imbalance beneath otherwise solid consumer activity in the U.S. economy. Spending data for March suggests households are still actively buying across key categories, reinforcing the view that demand remains resilient. But a closer look at wage growth tells a more uneven story.  The gap between higher-income

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