From CNBC: 2025-05-06 07:00:00

Hispanic consumers are cutting back on grocery spending, impacting companies like Coca-Cola and Constellation Brands. Hispanics represent a fifth of the U.S. population and contribute significantly to the economy. Fear of immigration policy affects spending, leading to a decline in consumer purchase intent in January. The Hispanic pullback is felt across various sectors, including beverages, groceries, and consumer packaged goods. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 2%. This was due to concerns about rising inflation rates and the impact it may have on the economy.

2. A new study has found that 75% of Americans are not saving enough for retirement. The study also revealed that the average retirement savings for Americans aged 55-64 is only $120,000, which is far below what experts recommend.

3. The unemployment rate has decreased to 4.8% in the latest report, down from 5.2% the previous month. This is a positive sign for the economy as more people are finding jobs and returning to work after the pandemic.

4. In tech news, Apple has announced a new product launch event scheduled for next month. Rumors suggest that the company may unveil a new iPhone model with upgraded features and design changes.

5. The housing market continues to be hot, with home prices rising by 15% compared to last year. This is making it difficult for many first-time homebuyers to enter the market, as competition is fierce and prices are soaring.



Read more at CNBC:: Hispanic shoppers are spending less on groceries, pressuring companies