Reveals Latest Consumer Prices
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Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.CNBC - Business -
‘We know consumers are feeling pressured’: Target to cut prices on 5,000 items ahead of Memorial Day weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.MarketWatch - Business -
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Skipping Coffee Is the Latest Humblebrag
The new power move for A-listers and executives is getting through the day without caffeine. Some say they’re more productive.The Wall Street Journal - World -
Consumer bureau case divides SCOTUS conservatives
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Conservative justices split on CFPB ruling The Supreme Court’s most conservative justices were divided this week over a decision to ...The Hill - Politics -
Corporate insiders at these companies are telling us that consumers are cruising
Executive and director buying supports these 9 travel, gaming and recreational boat stocks.MarketWatch - Business -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
Mysterious origin of the "tree of life" revealed
The trees have been called both "grotesque" and "one of the most charismatic species on our planet" – and now we know where they came from.CBS News - World -
Sunaks' wealth rises to £651m in latest rich list
Rishi Sunak and his wife Akshata Murty are richer than King Charles, according to The Sunday Times.BBC News - Top stories -
Scottie Scheffler's arraignment delayed in latest twist
Scottie Scheffler's arraignment on charges stemming from a traffic incident outside Valhalla Golf Club has been delayed until June 3.Yahoo Sports - Sports -
Supreme Court: Consumer Financial Protection Bureau funding doesn't violate Constitution
The Supreme Court has ruled the Consumer Financial Protection Bureau's funding practices do not violate the Constitution. CBS News legal contributor Jessica Levinson breaks down the ruling.CBS News - Top stories -
Supreme Court rules Consumer Financial Protection Bureau funding structure is legal
The Supreme Court decision protects the CFPB from the potentially crippling risk that Republicans in Congress will block annual funding for the agency.CNBC - Business -
Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny
Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.The Wall Street Journal - World -
US Supreme Court rejects challenge to top consumer finance agency
Case had questioned the constitutionality of financing for the Consumer Financial Protection BureauFinancial Times - Business -
Supreme Court Upholds Consumer Finance Protection Bureau Funding Method
The way the agency--a target of a conservative attacks--gets money from the federal government does not violate the Constitution, the court rules in a 7-2 vote.Inc. - Business -
Democrats cheer after Supreme Court rejects challenge to consumer bureau
Democrats and financial industry critics celebrated Wednesday after the Supreme Court rejected a challenge to the Consumer Financial Protection Bureau's (CFPB) funding structure. “The United States Supreme Court follow the law, and the CFPB is ...The Hill - Politics -
What the Supreme Court Ruling Means for Other Consumer Bureau Actions
A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.The New York Times - Business -
Breaking down the Supreme Court's Consumer Financial Protection Bureau ruling
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica ...CBS News - Top stories -
Chinese Retailer Temu Under Fire From European Consumer Groups
Temu, the discount retailing app owned by Chinese e-commerce giant PDD Holdings, is facing consumer complaints that its business practices violate a new online content law in Europe.The Wall Street Journal - Business - China -
Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.CNBC - Business -
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more costly, traditionally financed purchases as elevated inflation and interest rates bite.NBC News - Top stories -
Are consumers pulling back on spending? It depends on which CEO you ask
Companies like PepsiCo have warned about a weak low-income consumer, while Delta Air Lines and Chipotle have benefited from their high-income customer bases.CNBC - Business -
Are consumers pulling back on spending? It depends which CEO you ask
With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers.NBC News - Top stories -
The Supreme Court has emboldened the CFPB, threatening American consumers
The CFPB demands rigorous scrutiny by unconflicted watchdogs to restore sanity to our digital and economic landscapes. Only then can we ensure that our digital domains remain vibrant and accessible from the heavy hand of misguided governance.The Hill - Politics -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Xbox Reveals Modular Proteus Controller For Gamers With Disabilities
As part of Global Accessibility Awareness Day, Microsoft announced the modular $300 Proteus Controller, a Designed for Xbox controller created by peripherals company ByoWave. The controller comes as a kit with multiple "snap and play" parts that ...GameSpot - Tech -
The Winners and Losers of the N.F.L.’s Schedule Reveal
In his rookie season, Chicago Bears quarterback Caleb Williams will have every opportunity to thrive.The New York Times - Sports - NFL -
New GameStop saga reveals true fools in markets
Return of the Roaring Kitty to the internet sparks a revival of meme-stock madnessFinancial Times - Business -
XDefiant Can Be Preloaded Now, PC Specs Revealed
XDefiant, Ubisoft's free-to-play multiplayer shooter featuring factions from across Ubisoft's various game franchises, can now be preloaded ahead of its May 21 launch. For those on PC, Ubisoft has additionally revealed XDefiant's PC system ...GameSpot - Tech -
Jalen Brunson's latest masterpiece: Putting on a show that everybody expected
When Jalen Brunson looks like Jalen Brunson, the Knicks win; when he doesn’t, they don’t.Yahoo Sports - Sports -
The Latest | Palestinians mark 76 years of their dispossession as more catastrophe unfolds in Gaza
Palestinians are marking 76 years of dispossession, commemorating their mass expulsion from what is today Israel as a potentially even larger catastrophe unfolds in GazaABC News - World -
Google's Latest Easter Egg Turns The Search Engine Into Minecraft
Mojang, the studio behind Minecraft, has teamed up with Google for the game's 15th anniversary on May 17. The collaboration adds an Easter egg to the Google search engine, allowing users to start mining like they would in the game.To get the ...GameSpot - Tech - Google -
Latest Lakers intel: Sources view JJ Redick as a leading coaching candidate
The Lakers made the most of the NBA scouting combine, fielding coaching candidate pitches, discussing trade options, evaluating Bronny James and more.Yahoo Sports - Sports - NBA -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China