Consumer Lending Push
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U.K. Consumer Confidence Ticks Higher
Research group GfK’s consumer confidence barometer climbed to minus 19 in April from minus 21 in March, marking the first uptick in sentiment since January.The Wall Street Journal - World - United Kingdom -
Consumer sentiment weakens in late April, University of Michigan survey says
Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan.MarketWatch - Business -
Colorado Bill Aims to Protect Consumer Brain Data
In a first, a Colorado law extends privacy rights to the neural data increasingly coveted by technology companies.The New York Times - Science -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - Business -
The Tricky Logistics Behind Direct-to-Consumer Strategies
Suppliers stepping up efforts to reach shoppers are having to mount costly new supply chains built to the task.The Wall Street Journal - World -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Top stories - Tiktok -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Business - Tiktok -
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Tough questions as Supreme Court debates Trump's immunity claim
Justices push lawyers for both sides on whether a president can be criminally prosecuted for acts while in office.BBC News - Top stories - Donald Trump -
Microsoft cloud growth accelerates on back of AI push
Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.CNBC - Business - Microsoft -
Microsoft Makes a New Push Into Smaller A.I. Systems
The company that has invested billions in generative A.I. pioneers like OpenAI says giant systems aren’t necessarily what everyone needs.The New York Times - Tech - Microsoft -
Morning Report — Trump’s push for legal delays is working
It is increasingly possible that former President Trump may dodge a federal trial before Nov. 5 on charges of election interference, a goal of his defense and a potential blow to special counsel Jack Smith’s case charging Trump with illegally ...The Hill - Politics - Donald Trump -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Tech - Tiktok -
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Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
Unilever, Nestle slow price rises but the struggle for consumers remains
Both Nestle’s and Unilever updated investors on Thursday, with markets closely eyeing how the companies are handling the start of pulling back on price hikes.MarketWatch - Business -
U.K. consumers get a spring back in their step as confidence mounts
Consumer confidence ticked a little higher in the U.K. this month, suggesting Britons are feeling more well-off as real incomes rise.MarketWatch - Business -
China to Pay Consumers Up to Nearly $1,400 to Replace Old Cars
China plans to give car owners up to nearly $1,400 to replace their old cars with new ones, a move to boost slowing demand in the world’s largest electric-vehicle market.The Wall Street Journal - World - China -
China to Pay Consumers Up to Nearly $1,400 to Replace Old Cars
China plans to give car owners up to nearly $1,400 to replace their old cars with new ones, a move to boost slowing demand in the world’s largest electric-vehicle market.The Wall Street Journal - Business - China -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
Macron, Battling Far Right at Home, Pushes for Stronger E.U.
In a major speech, France’s president returned to a familiar theme, warning that “Our Europe is mortal” if it does not become more self-sufficient.The New York Times - World -
Macron, Battling Far Right at Home, Pushes for Stronger E.U.
In a major speech, France’s president returned to a familiar theme, warning that “Our Europe is mortal” if it does not become more self-sufficient.The New York Times - Top stories -
World leaders make renewed push to secure release of Gaza hostages
Eighteen countries call on Hamas to free captives and secure ‘immediate and prolonged’ ceasefireFinancial Times - Business -
Alphabet hails ‘once-in-a-generation’ AI opportunity as revenue rises
Shares surge after tech giant issues first ever dividend and posts revenue of $80.5bn, up 15% since last year, despite staff turmoil. Shares in Alphabet, the owner of Google and YouTube, surged after it issued its first ever dividend and revealed ...The Guardian - World -
Why Trump really could push the U.S. to default on its debt
If Trump is elected president in November, he will face the U.S. government’s growing debt burden. He might try to resolve the issue by defaulting.MarketWatch - Business - Donald Trump -
Biden administration pushes back plan to ban menthol cigarettes
The Biden administration has reportedly abandoned its plans to ban menthol cigarettes after warnings that it could push away some Black voters. The Wall Street Journal reported on Friday the White House dropped its plans for the ban after weighing ...The Hill - Politics - Joe Biden -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW
A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.MarketWatch - Business -
IRS free tax filing pilot processed more than 140,000 returns, saved consumers $5.6 million in prep fees
This season, the IRS Direct File pilot helped more than 140,000 million taxpayers file taxes for free and saved $5.6 million in tax prep fees.CNBC - Business -
Female Supreme Court justices push back most strongly on Idaho abortion ban
A divided Supreme Court seemed skeptical that Idaho’s strict abortion ban conflicts with a federal emergency care law, but there appeared to be a split by gender as well as ideology during the nearly two hours of argument. The four female ...The Hill - Politics - Abortion -
Josef Newgarden stripped of season-opening IndyCar victory for manipulating push-to-pass system
Josef Newgarden has been stripped of his win in IndyCar’s season-opening race at St. Petersburg because Team Penske manipulated its push-to-pass system during the race, making Pato O’Ward the winnerABC News - Sports -
Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps
Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new technology, powered by Meta’s latest artificial intelligence model, to obtain information and complete tasks.The New York Times - Tech -
Former Reddit CEO Ellen Pao says the tech sector’s DEI push is alive and well
Despite some signs of wavering commitment to corporate diversity, equity and inclusion initiatives, former Reddit CEO Ellen Pao is bullish on DEI in the tech space.MarketWatch - Business -
New rules on coal power plants target pollution 'pushing our planet to the brink,' EPA Administrator Michael Regan says
New rules on coal power plants target pollution 'pushing our planet to the brink,' EPA Administrator Michael Regan saysABC News - Health -
Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push
Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time.The Wall Street Journal - Business - Google -
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productiveABC News - Tech - Microsoft -
X pushes back at order to hide Sydney church stabbing footage as US user reposts video
Elon Musk’s X says it opposes demands from Australia’s eSafety commissioner that it remove the content globally. Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastSocial ...The Guardian - World