Latest in Uk Consumer Redress
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Consumer confidence surges to record high ahead of Election Day
During the final weeks of the 2024 presidential campaign, consumer confidence has surged to the highest level in three years, but inflation remains a major concern for families. NBC’s Christine ...Politics - NBC News - October 30 -
U.S. economy grew 2.8% last quarter, powered by consumer spending
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.Top stories - CBS News - October 30 -
Here’s Why U.S. Consumer Confidence is Climbing Ahead of Election Day
The Conference Board’s monthly report says its index notched the largest gain since March 2021.Business - Inc. - October 30 -
US GDP rose at a 2.8% rate in third quarter on strong consumer spending
Final reading before presidential election was shy of expectations, but shows biggest economy is in robust healthBusiness - Financial Times - October 30 -
DoorDash keeps investing in expansion, as more consumers use platform in third quarter
DoorDash Inc. on Wednesday reported third-quarter results and a fourth-quarter demand outlook that topped expectations, as the company continues to invest in expansion and improving service.Business - MarketWatch - October 31 -
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 -
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 -
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 - 6 days ago -
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 - 5 days ago -
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 - 5 days ago -
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 - 4 days ago -
Consumer anger over high prices piles pressure on politicians
Post-Covid inflation rise leaves toxic legacy for governments across rich economiesBusiness - Financial Times - 3 days ago -
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 - 3 days ago -
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 - 2 days ago -
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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 - 2 days ago -
What does the inflation rate increase mean for American consumers?
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on ...Top stories - CBS News - Yesterday -
Japan's economy grows for a second straight quarter on the back of consumer spending
Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held upWorld - ABC News - 15 minutes ago -
Solving the UK’s consumption conundrum
Real earnings are rising and consumer confidence has improved yet households still choose to save their disposable income rather than spend itWorld - Financial Times - October 21 -
The UK in Trump’s world
Plus, Kemi Badenoch’s first steps as the new Tory leaderWorld - Financial Times - 6 days ago -
Is the UK spending enough on defence?
And what Trump 2.0 could mean for Ukraine.Top stories - BBC News - 4 days ago -
UK wage growth steadies as hiring stalls
Data shows cooling jobs market as Bank of England weighs when to make next cut in interest ratesBusiness - Financial Times - 2 days ago -
How vulnerable is the UK to Trumponomics?
US president-elect’s plans for tariffs, and the prospect of global trade tensions, risk leaving Britain exposedBusiness - Financial Times - 16 hours ago -
Here’s when consumers might finally stop wincing at higher prices, according to Fed’s Daly
The Fed has recently focused more on stability in the job market. But inflation still weighs heavily on the minds of consumers, the San Francisco Fed President says.Business - MarketWatch - October 16 -
Sanofi Enters Exclusive Talks With CD&R Over Consumer Business Stake Sale
Sanofi moved ahead with a plan to sell a controlling stake in its consumer-healthcare unit Opella to Clayton Dubilier & Rice, entering exclusive talks for a deal that values the business at $17.4 ...Business - The Wall Street Journal - October 21 -
Harley-Davidson’s stock falls as motorbike maker lowers guidance to reflect still-pressured consumer
Harley-Davidson’s stock was down Thursday, after the iconic motorbike maker topped estimates for the third quarter despite steep declines in profit and revenue, but lowered its full-year guidance ...Business - MarketWatch - October 24
