goods

What Freight Volume and Freight Rates Say About the Shift of Consumer Spending from Goods Back to Services

What Freight Volume and Freight Rates Say About the Shift of Consumer Spending from Goods Back to Services

Freight volume is down from the red-hot levels last year, but remains relatively high, after the grotesquely overstimulated demand last year. By Wolf Richter for WOLF STREET. The thing about American consumers is that they were supposed to splurge on goods during the stimulus era in 2020 and 2021, when free money washed over the land, and when …

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Americans Not in the Mood for a Recession: Splurging on Goods, Flocking to Restaurants

Americans Not in the Mood for a Recession: Splurging on Goods, Flocking to Restaurants

But inflation is eating everyone’s lunch. By Wolf Richter for WOLF STREET. Retail sales in June jumped by 1.0% from May, and by 8.4% from a year ago, and by 32.5% from June 2019, to $681 billion, seasonally adjusted, the Census Bureau reported today. Retail sales are sales of goods. Sales of services, such as insurance, healthcare, airline …

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A Big Flashing Signal That Goods Could Get Cheaper Soon

A Big Flashing Signal That Goods Could Get Cheaper Soon

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Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason …

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HyperX’s Cloud Mix Buds deliver the goods but not the comfort

HyperX’s Cloud Mix Buds deliver the goods but not the comfort

HyperX has distilled some of its gaming headset know-how into a much more portable form factor: a set of wireless earbuds called the Cloud Mix Buds. These $149.99 earbuds largely replicate the standard features of over-ear gaming headphones, at least in terms of connectivity. They include a 2.4GHz USB-C transmitter that lets them pair to …

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