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…
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 of strain in second-quarter results due on…
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 on Friday, as consumers and businesses fret…
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 prices for gasoline and food spiking across…
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 to recover from the impact of COVID-19…
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) reached 11.3% year-over-year in June, increasing by…
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 took out large mortgages during the pandemic,…
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 take measures to avoid falling victims to…
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 Jueting told a news conference on Thursday.…
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 interest rates and surging inflation. The Westpac-Melbourne…
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 shoulder a surge in production costs. Prices…
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 in Shanghai and other big cities. But…
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 on President Emmanuel Macron heading into legislative…
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 because the government would not raise taxes…
‘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 European Union’s (EU) executive arm proposed a…
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 and their clients across California, Colorado, Florida,…
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 and possible rise in interest rates, a…
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 and consumers. Gao Feng, ministry spokesman, made…
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 across sectors including the fossil fuel industry…
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 energy costs as U.S. utility companies continue…
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 and consumers, at six leading New Jersey…
‘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 expected to surge amid the global food…
U.S. consumers, low-income households included, still spending, BofA research says
(Reuters) – U.S. consumer credit and debit card spending so far in 2022 is up 15% on a year earlier, Bank of America research showed on Wednesday, a sign that Americans’ gloom…
U.S. consumers up view of inflation, spending in coming year, NY Fed survey finds
(Reuters) – U.S. consumers boosted their expectations for inflation and household spending in the year ahead as the price of gas and food steepens, but tempered their view of inflation over the…
New Jersey Consumers Left Holding the Bag, Corrado says of Murphy’s Plastic Bag Ban
TRENTON, NJ – New Jersey Governor Phil Murphy implemented a statewide plastic straw ban last year. This year, he’s banning plastic bags from supermarkets, but in a plan that was about as…
Spain to launch financial consumers’ protection authority
MADRID – Spain is planning a consumer protection authority which aims to ensure banks and other financial institutions meet obligations towards customers, responding to complaints of unfair mortgage lending, and financial exclusion,…
Breaking News
