Daily LInks
1. U.S. Consumer Spending Rose 2.1% in January & Inflation Accelerated Amid Omicron Wave: After adjusting for inflation, consumer spending was up 1.5% in January while household income after taxes was down 0.5%. – Read More on the WSJ
2. Alibaba shares decline as earnings show slowing e-commerce growth: Alibaba had previously warned about the negative impacts of competition and the macroeconomic landscape during its prior earnings report, when the company lowered its full-year forecast. – Read More on MarketWatch
3. The New Rules of Data Privacy: After two decades of data management being a wild west, consumer mistrust, government action, and competition for customers are bringing in a new era. Firms that generate any value from personal data will need to change the way they acquire it, share it, protect it, and profit from it. – Read More on HBR
4. RELATED READ: Do Fashion Brands Need Chief Privacy Officers? With e-commerce continuing to grow as a proportion of total retail spending, and with such personalization and predictive benefits in mind, companies are increasingly seeking out greater data points. At the same time, many customers are exercising heightened caution about sharing data. – Read More on TFL
5. Robust consumer spending, core capital goods orders highlight U.S. economic strength: U.S. consumer spending increased more than expected in January, offering the economy a strong boost at the start of Q1, but price pressures continued to mount. – Read More on Reuters
