After over two decades in the health and wellness industry, Modere has officially announced it is closing its operations. The direct-to-consumer brand, which once had a significant presence in markets across North America, Europe, Asia, and Oceania, shared a heartfelt farewell with its community, expressing gratitude for the support and loyalty of its customer base throughout the years. Founded 23 years ago, Modere built its identity around offering clean-label

  In the early months of 2025, U.S. consumer spending on air travel, hotels, and restaurants saw a notable decline, signaling a shift in spending habits amid economic uncertainty. According to data from Bloomberg Second Measure, U.S. consumer spending on air travel dropped by 10% in February 2025, while spending on hotels decreased by 6%, compared to the same time last year. In addition, restaurant spending saw a 3.5% decrease, further highlighting

The stock market suffered a sharp sell-off on Friday as fears over inflation, declining consumer confidence, and doubts about artificial intelligence investments combined to push major indexes lower. The S&P 500 dropped 2%, making it the second-worst trading day of 2025 for the broad-based index, while the Nasdaq Composite tumbled 2.7%, breaching its lowest point for the year. The Dow Jones Industrial Average also slumped, losing 1.7% as investors reacted to concerning economic signals.

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams. Destination weddings, which

Tata Consumer Products Ltd (TCPL) has officially rejected recent reports claiming that Starbucks is planning to exit the Indian market, calling the rumors "baseless." These reports suggested that the American coffee giant might leave India due to high operating costs, mounting losses, and the growing competition from local, cheaper alternatives. However, TCPL, which operates Starbucks in India

Coffee prices have reached record highs, driven by a significant reduction in Brazil’s coffee crop. As the world’s largest coffee producer, Brazil's struggles with adverse weather conditions have created a global supply shortage, pushing Arabica coffee futures up by 73% over the past year and 31% in the last month. Additionally, Robusta prices have also surged due to similar global supply constraints, with prices for Q2 rising 82% year-on-year. This price surge is im

In recent years, urban Indians have dramatically shifted their spending habits, favoring experiences over traditional retail and fast-moving consumer goods (FMCG). According to a CLSA report, this trend is epitomized by the overwhelming demand for concert tickets, particularly for the much-anticipated Coldplay shows in January 2025, which sold out within minutes. The massive interest has even led to a third concert being added to accommodate fans, with tickets now fetching prices up to five t

E-commerce giant Amazon has appointed Samir Kumar as the new Country Manager for India, effective October 1, following the resignation of Manish Tiwary. Kumar, a 25-year veteran of Amazon, will take over operational responsibilities while continuing to lead consumer businesses in the Middle East, South Africa, and Turkey. This leadership transition comes as Amazon emphasizes the significance of the Indian market in its global strategy. Kumar joined Amazon in 1999 and played a pivota

In line with the Election Commission's mandate requiring candidates to disclose their campaign expenditures, the Congress party has submitted detailed fiscal records for the recent Lok Sabha elections. Among the figures that have drawn attention is the amount Rahul Gandhi reportedly spent during his campaign. According to Congress's submission, Gandhi spent Rs 70 lakh each in Wayanad and Raebareli, totaling Rs 1.4 crore across these two constituencies. This figure seems surprisingly m

In recent months, significant financial irregularities under YS Jagan Mohan Reddy's administration have come to light, sparking widespread controversy. The latest revelation involves a staggering expenditure of Rs 3.62 crores by the Chief Minister's Office (CMO) on Egg Puffs for its staff over the past five years. This translates to an average annual expenditure of 72 lakhs, with the CMO allegedly consuming 993 Egg Puffs daily, amounting to a total of 18 lakhs Egg Puffs over the perio