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…
Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump
(Reuters) – Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects…
Unilever sees Chinese consumer confidence at ‘historical low point’
By Richa Naidu LONDON (Reuters) – British consumer goods giant Unilever said on Tuesday that China’s declining property market and exports had sent its consumer sentiment to a historic low, having earlier…
‘Reality bites’: High inflation and rates hit UK consumer confidence
By Suban Abdulla LONDON (Reuters) – British consumers have turned more pessimistic in the face of rising interest rates and high inflation, according to a survey published on Friday which ended a…
Australia’s Westpac splits consumer and business banking unit into two
(Reuters) – Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, effective Aug. 1. The bank said Chris…
UK consumer group calls for government action on grocery prices
By James Davey LONDON (Reuters) – British consumer group Which? has urged the government to take action to support households when the competition watchdog publishes its review of grocery pricing, saying some…
US consumer sentiment near two-year high in July
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided and the labor market remained strong, a survey showed on Friday. The…
Russian consumer inflation accelerates again in June
(Reuters) – Inflation in Russia accelerated in June, data from the state statistics service Rosstat showed on Wednesday, a little over a week before the central bank is expected to hike interest…
South Korea consumer inflation hits 21-month low
SEOUL (Reuters) -South Korea’s consumer inflation slowed more than expected and hit a 21-month low, official data showed on Tuesday, weighed by falling oil and agricultural product prices. The consumer price index…
Instant View: US consumer spending edges up in May; inflation still high
(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates next month. The personal consumption expenditures (PCE)…
Australia’s consumer inflation hits 13-month low, adding to rate pause case
By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also cooled in…
South Korea consumer sentiment extends gains, inflation expectations flat
SEOUL (Reuters) – Consumer sentiment in South Korea ticked further up in June to the highest in just over a year, while inflation expectations remained unchanged, a central bank survey showed on…
U.S. consumer confidence approaches 1-1/2-year high in June
WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, but fears of a recession lingered, according to a survey on Tuesday. The Conference Board…
Marketmind: The UK consumer is feeling the heat
A look at the day ahead in European and global markets from Vidya Ranganathan It’s not just the heatwave. UK consumers are paying through their noses for fish and chips too, and…
China pushes platform firms to protect consumer, vendor rights
BEIJING (Reuters) – China’s market regulator on Thursday announced a five-month campaign that will ensure platform companies optimise their protocols, to protect the rights of consumers and vendors. The State Administration for…
Apple, Amazon must face consumer lawsuit over iPhone, iPad prices – US judge
By Mike Scarcella (Reuters) – Apple and Amazon.com must face a consumer antitrust lawsuit in U.S. court accusing them of conspiring to artificially inflate the price of iPhones and iPads sold on…
U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation curbs spending.…
New Zealand consumer confidence flat in May -ANZ-Roy Morgan
SYDNEY (Reuters) – Consumer confidence in New Zealand was flat in May compared with the prior month and remained very subdued as consumers remained under pressure amid high inflationary pressures, ANZ-Roy Morgan…
South Korea consumer sentiment hits 1-year high, inflation expectations weaken
SEOUL (Reuters) – Consumer sentiment in South Korea improved in May to the highest level in a year, with their inflation expectations weakening, a central bank survey showed on Tuesday. The Consumer…
US consumer sentiment drops to six-month low in May
WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May as a standoff to raise the federal government’s borrowing cap fanned worries about the economy’s outlook, a survey showed…
National Retail Federation lowers US consumer good import forecast for first half of 2023
By Lisa Baertlein LOS ANGELES (Reuters) – Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container…
Wall Street Week Ahead: U.S. consumer price data to test feared stagflation scenario
By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether the Federal Reserve is succeeding in tamping…
Italy business and consumer morale rise in April but manufacturers more downbeat
ROME, April 27 (Reuters) – Morale amongst Italian businesses and consumers rose in April, data showed on Thursday, but sentiment in the manufacturing sector was more downbeat as the outlook remains uncertain…
Irish consumer sentiment improves to 13-month high
DUBLIN (Reuters) – Irish consumer sentiment increased sharply to a 13-month high in April on falling energy costs and a less threatening outlook for European Central Bank interest rates, a survey showed…
Russia’s weekly consumer prices rise as central bank rate decision looms
(Reuters) -Russia’s weekly consumer prices rose at a faster pace in the week to April 24, data from state statistics service Rosstat showed on Wednesday, cementing expectations that the central bank will…
German consumer morale picks up on income expectations – GfK
BERLIN (Reuters) – German consumer sentiment is set to pick up in May as moderating energy prices and expected wage increases help to dissipate households’ initial fears about a loss in purchasing…
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