CoStar ends talks to buy Move Inc, posts weak profit forecast
(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News Corp and forecast disappointing first-quarter …
Consumers
UK consumers bought more in January but overall gloom persists
By William Schomberg and William James LONDON (Reuters) – British consumers unexpectedly increased their shopping in January, but the big picture remains one of weak …
Australian consumers shell-shocked as interest rates climb
SYDNEY (Reuters) – Australian consumer sentiment took a dark turn last week after the country’s central bank raised interest rates to a decade high and …
China’s Xi vows to help consumers spend ‘without worries’
BEIJING (Reuters) – Chinese President Xi Jinping telegraphed plans to revive consumption and reaffirmed an ambition to accelerate the country’s race towards technology independence, two …
South Korean consumers’ inflation expectations inch up in January
SEOUL (Reuters) – South Korean consumers’ inflation expectations inched up in January, with sentiment toward economic conditions and the outlook also improving, a central bank …
Retail Sales Ticked Down During The Holiday Season As Consumers Tightened Their Belts
Retail Sales Ticked Down During The Holiday Season As Consumers Tightened Their Belts John Hugh DeMastri on January 18, 2023 Retail sales fell 1.1% in …
Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation
Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation John Hugh DeMastri on January 11, 2023 Average interest rates for bank-issued credit cards …
U.S. consumers’ 1-year inflation outlook drops to 18-month low – UMich
(Reuters) – U.S. consumers expect price pressures to moderate notably in the next year, with a benchmark survey on Friday showing their one-year inflation outlook …
Defendant Sentenced For Role In Sophisticated International Scheme To Steal Money From American Consumers’ Bank Accounts
LAS VEGAS – A U.S. citizen who previously resided in Ukraine was sentenced to 42 months in prison and five years of supervised release for …
India’s textile industry faces tough times as consumers cut spending
By Manoj Kumar and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India’s $200 billion textile and apparel industry is facing a crisis as consumers in the …
Chinese consumers wary of splurging after COVID strictures fall
By Casey Hall SHANGHAI (Reuters) – China’s weary public and businesses have welcomed the easing of stringent “zero-COVID” measures, but Jorry Fan, who lives in …
Bank-fintech ventures benefit consumers, enhance competition: U.S. Treasury
By Hannah Lang WASHINGTON (Reuters) – Partnerships between banks and financial technology companies are a net-positive for consumers when done responsibly, the Treasury Department will …
Fitbit sued in Australia for misleading consumers on faulty devices
(Reuters) -Australia’s competition regulator has begun court proceedings against Fitbit LLC for allegedly making false or misleading claims to consumers about their guarantee rights on …
Restaurant Menus in 2022 Will Focus on Healthier Planet and Healthier Consumers
National Restaurant Association releases annual What’s Hot survey revealing top menu trends for the year ahead Washington, DC (-) Restaurant customers can expect to see …
U.S. carriers add transatlantic flights for travel-hungry consumers
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. carriers including Delta Air Lines and United Airlines are betting big on American consumers’ unquenched thirst for …
Real Retail Spending Fell In September As Inflation Pinches Consumers
Real Retail Spending Fell In September As Inflation Pinches Consumers John Hugh DeMastri on October 14, 2022 Retail spending held steady in September compared …
Bank of America CEO says U.S. consumers still in good financial health
NEW YORK (Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan said U.S. consumers are still in good financial health. “Right now, they’re …
U.S. consumers spurn cars, couches and cruises, results show
By Mehr Bedi (Reuters) – U.S. consumers are exhibiting fragility ahead of the peak period for corporate results next month, as some are struggling to …
Biden urges companies to lower costs for consumers
WASHINGTON (Reuters) – U.S. President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping …
Plant-Based Meat Company’s Sales Plummet, Considered ‘Too Woke’ By Consumers
Plant-Based Meat Company’s Sales Plummet, Considered ‘Too Woke’ By Consumers Jack McEvoy on September 26, 2022 Beyond Meat, a plant-based meat substitute company, is …
Google says shared network costs is 10-year-old idea, bad for consumers
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help …
Biden urges energy companies to lower costs for consumers
WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday pressed the U.S. energy industry to lower costs for consumers who had been stung by high …
Inflation angst grips German consumers as blues ease in France
By Leigh Thomas PARIS (Reuters) – Consumer morale in the euro zone’s two biggest economies diverged starkly in August as French consumers benefited from fresh …
World at rising risk of recession as inflation hits consumers
By Jonathan Cable LONDON (Reuters) – The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with …
Germany to lower sales tax on gas to 7% in bid to relieve consumers
BERLIN (Reuters) – Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed …
U.S. consumers’ inflation outlooks drop sharply, NY Fed survey shows
(Reuters) – U.S. consumers’ expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve …
Japan’s economy likely rebounded in Q2 with unleashing of consumers: Reuters poll
By Kantaro Komiya TOKYO – Japan’s economy likely rebounded in April-June from contraction in the previous quarter thanks to solid consumer spending in face-to-face services …
German cabinet agrees to gas levy for consumers from October
BERLIN – Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices …
Euro zone consumers brace for recession and high inflation – ECB survey
FRANKFURT – Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in …
Uber Eats in focus as inflation-hit consumers rethink ordering in
By Nivedita Balu (Reuters) – The food-delivery business that kept Uber Technologies’ earnings afloat during the peak of the pandemic is expected to show signs …
New Zealand consumers, businesses gloomy, economic risks grow
By Lucy Craymer WELLINGTON – New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said …
Loblaw misses revenue estimates as inflation-hit consumers cut spending
(Reuters) -Canadian retail group Loblaw Cos Ltd reported quarterly revenue below estimates on Wednesday as high inflation forces consumers to rein in discretionary spending. With …
China Q2 smartphone sales fall 14.2% y/y as consumers pull back
SHANGHAI – Chinese smartphone sales in April-June fell 14.2% on year and volumes hit a decade low, Counterpoint Research said on Wednesday, as China struggles …
Inflation Is Hitting Producers Even Worse Than Consumers, New Data Shows
Inflation Is Hitting Producers Even Worse Than Consumers, New Data Shows Jack McEvoy on July 14, 2022 Inflation measured by the Producer Price Index (PPI) …
More pain in store for Canadian consumers after jumbo rate hike
By Julie Gordon and Divya Rajagopal OTTAWA – The Bank of Canada’s surprise jumbo interest rate hike this week has jolted highly indebted consumers, who …
U.S. Attorney Dena J. King Urges Consumers To Beware Of Common Summer Scams
CHARLOTTE, N.C. – With summer upon us, U.S. Attorney Dena J. King urges consumers to be mindful of vacation, employment, and other summertime schemes, and …
China commerce ministry says the sooner U.S. tariffs are lifted, the sooner consumers will benefit
BEIJING – China’s commerce ministry said the sooner U.S. tariffs on Chinese goods are lifted, the sooner consumers and companies will benefit, ministry spokesperson Shu …
Australian consumers in a dark mood as inflation, rates bite
SYDNEY – A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in …
Philippine banana growers plead for Japanese consumers to bear price hikes
TOKYO – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help …
Analysis-China’s consumers keep their wallets in lockdown as COVID curbs ease
By Kevin Yao and Sophie Yu BEIJING – China’s sputtering economy has a lot riding on its consumers, who are just now emerging from lockdowns …
French economy shrank in first quarter as inflation unnerves consumers
PARIS – France’s economy shrank unexpectedly in the first quarter as consumers struggled to cope with surging inflation, official data showed on Tuesday, putting pressure …
Swiss consumers don’t need govt help to cope with inflation -finance minister
ZURICH – Swiss Finance Minister Ueli Maurer ruled out government support for consumers hit by high energy prices and said budget cuts may be needed …
‘We Will Be Harming Ourselves’: Europe Unveils Russian Oil Ban, Signaling More Pain For Consumers
‘We Will Be Harming Ourselves’: Europe Unveils Russian Oil Ban, Signaling More Pain For Consumers Thomas Catenacci on May 4, 2022 The head of the …
Compass Agrees to Acquire Consumer’s Title Company of California
Licensed in every county in California, the Consumer’s Title will dramatically expand Compass’ settlement services footprint across California Compass’ growing settlement services portfolio serves agents …
Australian consumers spooked by rate risk, inflation -survey
SYDNEY – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living …
China says U.S. cutting tariffs on Chinese goods would be in interest of U.S. firms, consumers
BEIJING – China’s Commerce Ministry said on Thursday that if Washington cut tariffs on Chinese goods, it would be in the interests of U.S. firms …
Corporate America Wants To Hit Consumers With A Massive Energy Tax
Corporate America Wants To Hit Consumers With A Massive Energy Tax Thomas Catenacci on April 22, 2022 Two major Washington, D.C. business groups representing corporations …
Consumers Set To Get Crushed As Energy Utilities Switch To Solar, Wind
Consumers Set To Get Crushed As Energy Utilities Switch To Solar, Wind Thomas Catenacci on April 21, 2022 Consumers are expected to shoulder significantly higher …
New Jersey’s Recreational Cannabis Consumers Can Enjoy Legitimate, No-Cash, No-Fee Transactions with CanPay
LITTLETON, Colo., April 20, 2022 — Consumers will be able to make no-fee cannabis purchases using CanPay, the largest legitimate payment network for cannabis merchants …
‘Consumers Lose’: Biden’s Ethanol Gambit Will Send Food Prices Soaring, Critics Say
‘Consumers Lose’: Biden’s Ethanol Gambit Will Send Food Prices Soaring, Critics Say Thomas Catenacci on April 14, 2022 Corn prices, and therefore meat prices, are …