in

Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Taylor Swift, Beyoncé and 'Barbenheimer' are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Taylor Swift, Beyonce, Barbie, Oppenheimer

Getty Images

Consumer spending may not be out of the woods.

Real spending is expected to come in 1.9% higher in the third quarter, helped in part by stadium tours from music superstars Taylor Swift and Beyoncé, as well as summer movie blockbusters “Barbie” and “Oppenheimer,” according to Morgan Stanley. But the economic halo may be short lived, the firm warned on Wednesday.

Taken together, Morgan…


Posted by Editor

Doug McIntyre

UEFA Champions League draw: Can Kylian Mbappe lead PSG out of Group of Death?

Refusal to waive IP rights for COVID-19 vaccines violates human rights: Experts

Refusal to waive IP rights for COVID-19 vaccines violates human rights: Experts