New Jersey Beach Badge Fees Under the Microscope in New Consumer Rights Bill
TRENTON, N.J. — Municipalities that charge for access to public beaches would be required to disclose detailed financial information under a new bill introduced in the New Jersey Legislature. The proposed legislation…
Two Corporate Executives Found Guilty in First-Ever Criminal Prosecution for Failure to Report Under Consumer Product Safety Act
LOS ANGELES – A jury has found two corporate executives guilty of federal criminal charges related to the distribution and sale of defective residential dehumidifiers linked to multiple fires in the first…
Attorney General Sues Delaware County Car Dealer for Consumer Law Violations
PHILADELPHIA, PA – Attorney General Michelle Henry has filed a lawsuit against Delaware County’s Real McKoy Auto Sales, LLC, and its owner, Ervin McKoy. The lawsuit alleges the used vehicle dealer repeatedly…
Home Depot, Lowe’s may signal more pain from muted consumer spending, housing demand
By Deborah Mary Sophia (Reuters) – Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe’s as demand remained under pressure from uneven…
Florida Takes Legal Action Against Tampa Solar Company for Consumer Fraud
TALLAHASSEE, FL – Florida’s Attorney General Ashley Moody has initiated legal proceedings against Tampa-based MC Solar and Roofing, along with its owners Armando Almirall, Raman Chopra, and Michael Crowder, for defrauding consumers.…
Consumer Warning: Credit Card Skimmers Found at Newark Gas Station
NEWARK, NJ – On Thursday, November 3, Newark Police were alerted to credit card skimmers at a local BP gas station. Station management found the devices during a routine inspection of the…
Price wars during Chinese shopping fest expose consumer woes
By Sophie Yu and Casey Hall BEIJING (Reuters) – A ferocious price war among China’s e-commerce retailers during the “Singles Day” shopping event is exposing further weakness in household consumption and raising…
Biden’s EV Dreams May Be Screeching To A Halt As Consumer Enthusiasm Wanes
Biden’s EV Dreams May Be Screeching To A Halt As Consumer Enthusiasm Wanes Nick Pope on November 8, 2023 Consumer demand for electric vehicles (EVs) has been cooler than anticipated in recent…
OpenAI unveils personalized AI apps as it seeks to expand its ChatGPT consumer business
By Krystal Hu and Anna Tong SAN FRANCISCO (Reuters) -OpenAI unveiled a marketplace on Monday that enables users to access personalized artificial intelligence “apps” for tasks like teaching math or designing stickers,…
Carlsberg warns weak consumer sentiment may hurt beer sales in Europe, Southeast Asia
COPENHAGEN (Reuters) -Danish brewer Carlsberg on Tuesday reported third-quarter sales broadly in line with expectations but warned that weak consumer sentiment in Europe and Southeast Asia could impact beer markets negatively. The…
From Amazon to McDonald’s, strong earnings show U.S. consumer resilience
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) – In a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald’s, Chipotle Mexican Grill and…
Warner Bros Discovery shuffles consumer products unit as its head departs
(Reuters) – Warner Bros Discovery said on Wednesday the head of its consumer products division, Pam Lifford, was leaving and her role would be divided among senior leaders. Robert Oberschelp, who currently…
Exclusive-Barclays to lay off dozens of US consumer bank employees – source
By Lananh Nguyen and Lawrence White NEW YORK (Reuters) -Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive to cut costs,…
Customers of Deutsche Bank units lodge surge in complaints, consumer group says
By Tom Sims FRANKFURT (Reuters) – Customers of two Deutsche Bank units have lodged a surge in complaints with Germany’s consumer protection agency, the advocacy group said on Monday, as the banking…
New Castle Resident Indicted on a Charge of Violating Federal Consumer Product Tampering Laws
PITTSBURGH, PA – A resident of New Castle, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on a charge of violating federal consumer product tampering laws, United States Attorney…
US consumer sentiment weakens in October
WASHINGTON (Reuters) – U.S. consumer sentiment fell sharply in October as households anticipated higher inflation over the next year, a survey showed on Friday. The University of Michigan’s preliminary reading on the…
China’s consumer prices stall, factory deflation persists
BEIJING (Reuters) – China’s consumer prices faltered and factory-gate prices shrank slightly faster than expected in September, with both indicators showing persistent deflationary pressures in the world’s second-largest economy. The consumer price…
Instant View: Gas and shelter costs send US consumer prices higher in Sept
NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal Reserve would not…
Brazil’s consumer prices forecast to have risen faster in Sept – Reuters poll
By Gabriel Burin (Reuters) – Brazil’s consumer prices likely rose faster in September, led by hikes in gasoline costs that should have brought annual inflation to the highest rate in seven months,…
Indonesia to tighten customs checks on some consumer goods after influx of imports
JAKARTA (Reuters) -Indonesia plans to tighten customs monitoring for some imported goods, including cosmetics, shoes, clothes, toys and electronics, the president’s office said on Friday, the country’s latest measure to curb imports.…
Discover Financial jumps 7% after agreeing with FDIC to improve consumer compliance
(Reuters) – Shares of Discover Financial Services climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as part of a consent order with the…
Instant view: US core inflation slows in August, consumer spending rises
NEW YORK (Reuters) – U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. With gasoline price surging,…
German consumer sentiment unlikely to recover this year -GfK
BERLIN (Reuters) – Sentiment among German consumers is set to fall in October, as persistently high inflation encourages people to save and blots out the chances of a recovery before the end…
Factbox-Amazon.com faces an array of US consumer, state antitrust lawsuits
By Mike Scarcella (Reuters) – A lawsuit by the U.S. Federal Trade Commission against Amazon.com, expected to be filed as soon as this week, adds to a slew of legal challenges exposing…
U.S. consumer sentiment slips again but inflation outlook improves
(Reuters) – U.S. consumer sentiment edged lower for a second straight month in September but their economic outlook brightened modestly as household expectations for near-term inflation fell to the lowest in more…
US consumer prices accelerate in August on gasoline
NEW YORK (Reuters) – U.S. consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a moderate rise in underlying…
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