Tag: consumers

Industries, Retail & Wholesale

Retail sales up 1% in June, easing fears of a recession

July 15, 2022

Via: ABC News

Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail […]


Eyes on Inflation, Shoppers Cut Back on Staples

April 4, 2022

Via: The Wall Street Journal

Household staples are no longer immune to inflation. American consumers are starting to cut costs on mainstays from toothpaste to baby formula as inflation hits a swath of the economy that had thus far proven resistant to substantial price increases. […]

Industries, Retail & Wholesale

Cyber Monday sales should be robust but business cooling

November 29, 2021

Via: ABC News

Consumers are expected to spend between $10.2 billion and $11.3 billion on Monday, making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index. Still, spending on what’s known as Cyber Monday could […]

Financial Services, Industries, News

European Central Bank gives economy another dose of stimulus

December 10, 2020

Via: ABC News

The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. […]

Financial Services, Industries

US Consumers Pay Down $10B In Credit Card Debt In Q3

November 18, 2020


Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of […]

Industries, Retail & Wholesale

US retail sales likely recovered partly from record plunge

June 16, 2020

Via: ABC News

BALTIMORE — U.S. retail sales likely recovered somewhat last month as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday that retail purchases […]


How scammers could use coronavirus scare to steal your money

February 28, 2020


The health of your wallet could be at risk as the new coronavirus spreads to new parts of the globe. Consumers are warned that they could soon be inundated with fake products, phony stock deals, fabricated emails, texts and social […]

Industries, Retail & Wholesale

Consumer confidence index hits highest since July 2007

November 30, 2016


Consumers had a more optimistic outlook about the economy in November, according to a monthly survey released Tuesday. The Consumer Confidence Index hit 107.1 in November, up from 98.6 in October, according to data from The Conference Board on Tuesday, […]

Industries, Retail & Wholesale

Retail is seeing a perfect storm, but is the consumer really that bad off?

August 3, 2016


Considering everyone is talking about how well the consumer is doing, the news on Tuesday reflects a perfect little storm for consumer names: Retailers: Disappointing auto sales from Ford, GM and Fiat Chrysler are weighing on the retailers, particularly department […]


U.S. Regulators Propose Huge Overhaul of Debt Collection Industry

July 28, 2016

Via: Time

The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give people […]


U.S. Economy Better Than Thought, but Still Weak

May 31, 2016

Via: The New York Times

The American economy is picking up speed after a slow start to the year, with resilient consumer spending and a buoyant housing market just about making up for a falloff in investment by cautious companies. But the overall gains are […]


Consumer Reports says these are the best cars of 2016

February 24, 2016

Via: Business Insider

Every year, Consumer Reports and its team of automotive experts test and scrutinize virtually every car sold in the United States. Of those cars, a select few stand above the rest and join the vaunted group of vehicles known as […]

Energy, Industries

US consumer prices fall on lower energy prices

January 21, 2016


U.S. consumer prices unexpectedly fell in December as the cost of energy goods dropped and services rose moderately, a trend that if sustained suggests inflation could be slow to rise toward the Federal Reserve’s target. The Labor Department said on […]

Industries, Manufacturing

As end of Fed’s ‘free money’ nears, consumers still likely to spend

December 16, 2015

Via: Business Insider

Judged by how long it has been going on, the current U.S. economic expansion should be on its last legs, but the mood in this rebounding heartland auto town would not show it. Fiat Chrysler Automobiles has doubled its local […]