Consumer sentiment slides to near lowest level on record
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The Consumer Discretionary sector of the Global Industry Classification Standard (GICS) was established in 1999 to represent cyclical industries. It has undergone several significant revisions to reflect the evolution of the global economy, primarily in 2018 and 2023, as business models shifted.
As the holiday season approaches, a new survey finds consumer sentiment is at a 3-year low. However, Ali Bauman learns that the data does not seem to be impacting people's spending habits.
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Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal
Kimberly-Clark is buying Tylenol maker Kenvue in an approximately $48.7 billion cash-and-stock deal, creating a massive consumer health goods company.