Sluggish New Zealand Card Spending Adds to Signs of Weak Economy

New Zealand consumer spending was sluggish in the first three months of the year, indicating the economy remains weak. First-quarter retail purchases on credit and debit cards rose 0.1% from the fourth quarter, when they declined 0.9%, Statistics New Zealand said...

Singapore Economy Expands Slower Than Expected in First Quarter

Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output. Gross domestic product grew 0.1% in the quarter ended March from the prior...

Hedge Funds Are Dumping US Retailer Stocks

Discretionary among most net sold sectors last week: Goldman Retail ETF continues to slide after worst week in over a year Hedge funds are turning more bearish on US stocks and retailers amid uncertainty about how Americans are coping with persistent inflation and...

Global Venture Funding Drops 30% as China Helps Drag Market Down

Tech investors are cautious as economies, IPO markets sputter AI is a bright spot as investors bet on technology’s promise Global venture capital funding declined 30% in the first quarter, continuing its slump as investors remain cautious amid sputtering economies and...

US Small-Business Optimism Falls to a More Than 11-Year Low

NFIB sentiment index declined nearly a point in March to 88.5 Sales expectations deteriorated, inflation still a top concern US small-business optimism dropped to a more than 11-year low in March as sales expectations slumped and inflationary pressures remained a...