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…
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 survey showed on Thursday. The median expectation…
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 December, unadjusted for inflation, with consumers cutting…
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 this past November surpassed a record set…
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 dropping to the lowest in 18 months…
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 conspiracy to commit bank fraud. According to…
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 United States, Europe and other big markets…
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 the eastern city of Suzhou, said it…
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 say in a report due on Wednesday.…
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 faulty devices, it said on Monday. The…
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 health taking center stage on restaurant menus…
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 travel across the Atlantic by adding more…
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 to August, but fell adjusted to inflation…
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 in very good shape,” Moynihan told attendees…
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 pay bills and others are slowing purchases…
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 with inflation. During a White House meeting,…
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 struggling to sell its products as consumers…
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 fund network costs, saying it was a…
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 gasoline prices, citing record company profits. “Gas…
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 government measures while concerns over rising energy…
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 generation-high inflation rein in spending while central…
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 on consumers to ensure energy companies can…
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 survey showed on Monday, indicating U.S. central…
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 no longer hindered by coronavirus curbs, a…
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 caused by Russia’s invasion of Ukraine, the…
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 the next year, a European Central Bank…
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