Economics ❯Macroeconomics ❯Economic Conditions

Consumer Spending

Luxury Sector Government Policies Block, Inc.

Block Shares Drop 22% After Q1 Miss and Guidance Cut

Weaker-than-expected Cash App performance and bitcoin losses lead to reduced 2025 profit forecast as competition and macroeconomic pressures mount.

Kering Reports 14% Revenue Decline as Gucci Sales Plummet 25%