New Biden Admin Rule Is Boon To Insurance Companies At The Expense Of Consumers, Experts Say
The Biden administration recently put in place a new rule restricting the availability of short-term health insurance plans, which could raise costs and leave many without coverage, experts told the Daily Caller…
Yellen says Trump’s tariff plan would hike costs for US consumers
By David Lawder BOSTON (Reuters) – Treasury Secretary Janet Yellen on Wednesday said Republican former President Donald Trump’s plan to raise tariffs 10% across the board would raise costs for U.S. consumers,…
US consumers see smaller inflation gains ahead, New York Fed says
By Michael S. Derby (Reuters) – U.S. consumers’ projection of inflation over the short run fell to the lowest level in nearly three years in December, the New York Federal Reserve said…
Consumers Are Right To Think Biden’s Economy Is In Bad Shape, Experts Say
Consumers Are Right To Think Biden’s Economy Is In Bad Shape, Experts Say Will Kessler on January 6, 2024 The Biden administration and the media insist that the economy is doing well,…
Singer Bill Seeks to Protect New Jersey Consumers from Out-of-State Contractor Fraud
TRENTON, NJ – The New Jersey Senate has approved Senator Robert Singer’s bill (A-2138/S-1890) to establish a professional board for regulating home improvement and home elevation contractors. This legislation seeks to enhance…
Majority Of Small Businesses Not Seeing Holiday Bump As Consumers Run Out Of Cash: POLL
Majority Of Small Businesses Not Seeing Holiday Bump As Consumers Run Out Of Cash: POLL Will Kessler on December 18, 2023 In a poll of small business owners, 76% said that they…
US bank bosses predict soft landing as consumers stay resilient
NEW YORK (Reuters) – U.S. bank chiefs expressed more confidence in the economic outlook for 2024 after consumers and businesses showed surprising strength this year. Here are quotes from the Goldman Sachs…
Hormel Foods forecasts full year 2024 profit below estimates as consumers cut back
(Reuters) – Skippy peanut butter maker Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as well as…
Australia Oct retail sales slip as consumers hold off for Black Friday sales
SYDNEY (Reuters) – Australian retail sales unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday…
Sterling nears three-month high; UK consumers more upbeat
By Amanda Cooper LONDON (Reuters) – The pound rose on Friday nearing its highest in almost three months, lifted in part by a broad-based retreat in the dollar, but also by a…
Marketmind: Consumers in focus as Walmart reports
A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday’s corporate calendar features a host of earnings reports that will shine further light on the health of…
Beyond Meat Continues To Hemorrhage Cash As Consumers Sour On Fake Meat
Beyond Meat Continues To Hemorrhage Cash As Consumers Sour On Fake Meat Will Kessler on November 8, 2023 Beyond Meat, a company that makes meat substitutes, reported huge decreases in revenues in…
New Jersey Tops $8 For a Pack of Cigarettes as Consumers Flock to Cheaper Brands
TRENTON, NJ – The cost of a pack of cigarettes in New Jersey is now $8.06, but for the first time, the state doesn’t lead the nation. That distinction goes to New…
Poll Shows Inflation to Rise in 2024, Impacting New York, New Jersey Consumers
NEWARK, NJ – There is no relief from inflation in sight, especially for consumers in New York and New Jersey, two of the states where the cost of living is already among…
NY Fed finds mixed bag for consumer’s expected inflation path in September
By Michael S. Derby (Reuters) – Americans had a mixed take on the outlook for inflation last month, as they downgraded their views on their personal financial situations and predicted a big…
Qualcomm defeats consumers’ antitrust claims over chip supply contracts
By Mike Scarcella (Reuters) – Qualcomm on Tuesday defeated a consumer lawsuit in California federal court alleging the chipmaker’s contracts with device manufacturers had artificially boosted the cost of mobile phones in…
UK recession risk deepens but consumers stay unfazed
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy displayed clear recession signals on Friday, a day after the Bank of England called a halt to its long run of interest…
UK consumers most optimistic since early 2022: GfK
LONDON (Reuters) – British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on the wane and wages growing, a survey…
US holiday sales set for slowest year since 2018 as consumers turn frugal – report
By Deborah Mary Sophia and Siddharth Cavale (Reuters) – Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report released on…
Household Leasing Company Banned After Taking Advantage of Low Income Consumers
HARRISBURG, PA – Attorney General Michelle Henry announced a settlement with Ohio-based Tempoe, LLC, resolving deceptive practices that misled consumers into signing costly lease agreements for household items. The company was found…
Analysis-European retailers risk dressing-down from investors as consumers flinch
By Joice Alves LONDON (Reuters) – European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary…
Pinduoduo-owner PDD beats revenue expectations as promotions lure consumers
By Chavi Mehta and Casey Hall (Reuters) – PDD Holdings beat second-quarter revenue estimates on Tuesday, as its discount e-commerce platform Pinduoduo attracted price-conscious customers in China and its international shopping site,…
Arla cuts sales forecast as consumers opt for cheaper butter, cheese
By Johannes Birkebaek COPENHAGEN (Reuters) – Danish dairy firm Arla lowered its full-year sales forecast on Tuesday, saying inflation and the rising cost of living in Europe were prompting consumers to buy…
Governor Murphy Signs Bill to Protect Consumers from Unfair Credit Card Surcharges
TRENTON – In a move aimed at enhancing transparency and fairness for consumers, Governor Phil Murphy has signed A4284/S3508 into law, a legislation that prohibits certain surcharges for credit card transactions and…
US FTC fines Experian unit for spamming consumers
By Jonathan Stempel (Reuters) -A unit of the Experian credit reporting bureau agreed to pay a $650,000 civil fine to settle U.S. Federal Trade Commission charges it spammed consumers with marketing emails…
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik (Reuters) – Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from…
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