WASHINGTON >> The U.S. Supreme Court today upheld the Consumer Financial Protection Bureau’s funding mechanism in a challenge brought by the payday loan industry, handing a victory to President Joe Biden’s administration and a setback to the agency’s conservative critics.
Consumer card spending slowed to 1.6 per cent growth in April, down from 1.9 per cent in both March and February, and below the latest CPIH inflation rate.
Americans are feeling worse about the economy. And that’s partly to do with fears about lasting inflation. According to the latest data, consumers expect inflation to rise three-tenths of a percentage point a year from now. Also in this episode: Why people are eating less fast food, how employers are helping workers with addiction recovery and what lower demand for second homes means for the general housing market.
Actually, sometimes consumers don't want to talk to a real person when they're shopping online, a new study suggests. In fact, what they really want is a chatbot that makes it clear that it is not human at all.
Stamped out ROYAL MAIL’S parent company International Distributions Services (IDS) wants regulator Ofcom to accelerate a review enabling it to cut services and save cash. At the same time, IDS has rejected Daniel Kretinsky’s £3.2 billion (€3.7 billion) takeover bid, saying it was “opportunistic” and undervalued the postal service. Bad idea THE Bank of Spain warned […]
PVV, VVD, NSC, and BBB have still not reached an agreement on the formation of a new Cabinet. After another long day of negotiations between the four party leaders, Geert Wilders (PVV) left at around 10:30 p.m. According to formation leaders Richard van Zwol and Elbert Dijkgraaf, finances remain the biggest stumbling block in the negotiations.“From the beginning, we have said that the financial puzzle is one of the most difficult things. Also, there is little money. That is a big difference with...
This week, the latest spate of data from the government on spending trends will be released. Retail sales data will track consumer demand for finished goods that fly off merchants’ real and virtual shelves. The Personal Consumption Expenditures Index will give a sense of how much of the monthly paycheck is being spent, overall, on […]
Financial discussions with kids can be intimidating for parents, but these tips can help parents talk to their children about money without scaring them.
Consumers are unlikely to benefit from lower maintenance spending by networks as higher-cost coal-fired power plants make way for new energy sources. The renewable energy transition was expected to slow the growth in electricity maintenance spending and there would be some years where maintenance on electricity generators falls, according to Oxford Economics Australia forecaster Nicholas […]
Relatively small Maui wildfire expenses ate into earnings of Hawaiian Electric and its parent company in the first three months of this year.
Fossil-fuel dependent country hopes to provide bridge between wealthy global north and poor south at November gatheringOil is inescapable in Baku, the capital of Azerbaijan. The smell of it greets the visitor on arrival and from the shores of the Caspian Sea on which the city is built the tankers are eternally visible. Flares from refineries near the centre light up the night sky, and you do not have to travel far to see fields of “nodding donkeys”, small piston pump oil wells about 6 metres...
In the dynamic landscape of consumer engagement, the expectations placed upon companies are in a state of perpetual flux. Two discernible trends that have crystalized in recent years are consumers’ increasing desire for offerings that align with their beliefs and way of life, as well as their fervent demand for hyper-personalization, shifting decisively away from […]