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Consumer Sentiment Climbs as Trump Backers’ Confidence Surges
The post-election partisan flip pushed the University of Michigan’s Consumer Sentiment Index to its highest level since April.Business - Inc. - November 22 -
Trump's proposed tariffs could raise prices for consumers and slow spending
President-elect Donald Trump has proposed stiff tariffs on imported goods, which could lead to higher prices and softer spending.Business - CNBC - November 6 -
Best Buy says Trump tariffs could force it to raise consumer prices
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.Top stories - CBS News - 3 days ago -
Some retailers tell consumers Trump's tariffs are a reason to buy now
Some companies are weaving Trump's tariffs into their marketing efforts, telling consumers to buy now in case prices rise.Top stories - CBS News - 9 hours ago -
How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor
Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.Business - MarketWatch - November 8 -
Donald Trump’s trade tariffs could cost US consumers $2,400 a year – business live
Rolling coverage of the latest ecoonomic and financial news. Trump vows tariffs on Mexico and Canada and deeper tariffs on China . The US president-elect’s social media post announcing 25% ...World - The Guardian - 3 days ago -
The US consumer is fine (but no better)
Aggregates conceal a lotWorld - Financial Times - November 20 -
Consumer Confidence Climbs on Hiring Outlook
The Conference Board’s monthly index report shows a small gain for November after a big rise in October.Business - Inc. - 2 days ago -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Carlsberg Misses Sales Expectations on Weak Consumer Backdrop
The Copenhagen-based brewer didn’t meet revenue and sales volumes expectations due to a poor performance in China and other countries, but reiterated its full-year guidance.Business - The Wall Street Journal - October 31 -
Consumers are anxious ahead of the election. Corporate America is feeling it
Like it or not, there’s an election on Tuesday. Voters are stressed. And to at least a small degree, so are corporations.Business - MarketWatch - November 3 -
China consumer slowdown weighs on U.S. earnings again
From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.Business - CNBC - November 5 -
The thought of a Trump presidency is eating me alive | Francine Prose
I look the way people do outside the intensive care unit, as they wait to learn whether a friend will survive. Our friend, in this case, is democracy. US election 2024 – live news updates US ...World - The Guardian - November 6 -
Clashes, confusion and secrecy consume the Harris campaign's finances
If Kamala Harris' campaign was known for anything, it was its blockbuster fundraising.Top stories - NBC News - November 14 -
JD.com Profit, Revenue Rise as Consumer Sentiment Improves
The Chinese e-commerce giant reported higher profit and revenue in the third quarter despite fierce competition from Alibaba and PDD Holdings.Business - The Wall Street Journal - November 14 -
Consumer watchdog to oversee digital wallets, payment apps
Large companies that offer digital wallets and payment apps will now be overseen by the Consumer Financial Protection Bureau (CFPB). The CFPB finalized a rule Thursday to bring companies handling ...Politics - The Hill - November 21 -
Consumer Protections Kick In Ahead of Holiday Travel Surge
If things go wrong during as air passenger forecasts hit a record high, new rules will make it easier for fliers to get compensated for major problems.Business - Inc. - 3 days ago -
What can convince more consumers to buy EVs?
Carmakers and governments have spent billions trying to entice people to switch from petrol to electric, but progress has stalledBusiness - Financial Times - 8 hours ago -
Regulator Sues Singtel's Optus Over Alleged Misconduct Involving Vulnerable Consumers
Australia’s competition watchdog has filed proceedings against Singtel’s subsidiary, Optus Mobile, alleging what it called “unconscionable” conduct in dealings with some consumers.Business - The Wall Street Journal - October 31 -
Uber shares slide on slowing bookings growth
Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimatesBusiness - Financial Times - October 31 -
Norwegian Cruise Line seeing strong demand, as consumers show ‘health and confidence’
Norwegian Cruise Line’s stock rallies toward a three-year high after an “impressive” quarterly performance and amid continued “robust” demand.Business - MarketWatch - October 31 -
Western consumer groups unconvinced by China’s economic stimulus efforts
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidenceBusiness - Financial Times - October 31 -
Labour’s home insulation pledge in doubt, say consumer rights groups
Campaigners warn Budget pledge falls far short of manifesto promise to support energy efficiencyWorld - Financial Times - November 1 -
Some consumers say a kratom drink's marketing led to an addiction
Jasmine Adeoye, an account manager based in Austin, Texas, said she became addicted to kratom drink "Feel Free Classic," after she sought an alcohol alternative.Top stories - CBS News - November 2 -
Move over Black Friday: Consumer interest in 'Travel Tuesday' soars
Search interest for "Travel Tuesday" rose more than 500% over the last two years, according to a report published Thursday by McKinsey & Company.Business - CNBC - November 4 -
Why this week is so crucial for American consumers — and it’s not just the election
American consumers are facing a momentous week, with the outcome of two key events set to shape their financial futures.Business - MarketWatch - November 5 -
How Distributors’ Fees Cost Consumers and Small Food Companies Dearly
A tussle between big food manufacturers, grocery chains, and distributors for narrow profit margins squeezes the small producers caught in the middle.Business - Inc. - November 5 -
Americans are most optimistic about the economy since 2021, consumer sentiment shows
Growing optimism about how the economy will perform in 2025 pushed a survey of consumer sentiment to a seven-month high shortly before the presidential election that saw former President Donald ...Business - MarketWatch - November 8 -
Russia Explores Plan to Merge Oil Giants Into Mega Producer
The resulting company would be the world’s second-largest crude producer, behind Saudi Arabia’s Aramco, and would pump almost three times the output of Exxon Mobil.World - The Wall Street Journal - November 9 -
Qatar Pauses Efforts to Mediate Stalled Gaza Cease-Fire
The Gulf state’s move reflects frustration with the lack of progress by Hamas and Israel.World - The Wall Street Journal - November 9 -
The Russia-Ukraine War Intensifies, With Drone Attacks, Foreign Troops and Record Losses
The surge in fighting occurs as President-elect Donald Trump pledges to end the conflict.World - The Wall Street Journal - November 10 -
Consumer anger over high prices piles pressure on politicians
Post-Covid inflation rise leaves toxic legacy for governments across rich economiesBusiness - Financial Times - November 11 -
FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - November 11 -
Home Depot’s sales are improving, but it says consumers are still cautious about spending
Home Depot is mired in a sales slump as homeowners put off major projects.Business - CNBC - November 12 -
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Neon raises $14M to build direct-to-consumer stores for games
Neon has raised $14 million in funding to build its direct-to-consumer digital store platform to help make game companies more independent.Tech - VentureBeat - November 12 -
Reeves seeks reform of UK consumer redress in financial services sector
Chancellor considers overhaul as lenders face potential multibillion-pound bill for alleged mis-selling of car financeBusiness - Financial Times - November 13