2020-08-09@13:55:58 GMT
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News about consumer:

    Madrid, Aug 9 (EFE) .- The markets will be alert this week to macroeconomic indicators such as retail sales in the United States in July and consumer and investor confidence in the euro area in August, and the possibility that a new stimulus package is approved in the US The US retail sales data will...
    Sunday, Aug. 9 At Michigan International Speedway Brooklyn, Mich. Lap length: 2.0 miles (Car number in parentheses) 1. (17) Chris Buescher, Ford. 2. (14) Clint Bowyer, Ford. 3. (8) Tyler Reddick, Chevrolet. 4. (42) Matt Kenseth, Chevrolet. 5. (10) Aric Almirola, Ford. 6....
    Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression. The latest Galaxy phones, unveiled Wednesday during an online showcase, will cost $1,000 to $1,300. Such prices are have become standard for top-of-the-line phones in...
    By MICHAEL LIEDTKE, AP Technology Writer Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression. The latest Galaxy phones, unveiled Wednesday during an online showcase, will cost $1,000 to $1,300. Such prices are have...
    Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression. The latest Galaxy phones, unveiled Wednesday during an online showcase, will cost $1,000 to $1,300. Such prices are have become standard for top-of-the-line phones in...
    LOS ANGELES (CBSLA) – Californians who get their medical coverage through the state’s health insurance marketplace likely won’t see their premiums rise by very much next year. A nurse cares for a coronavirus patient in the ICU at El Centro Regional Medical Center on July 28, 2020, in El Centro, Calif. (Getty Images) The agency...
    Consumer spending data from JPMorgan indicates that the economic recovery has been stuck in neutral since mid-June, mirroring data of weekly jobless claims and hours worked by service sector employees. The chart, which measures use of select Chase credit and debit cards, showed that spending has been roughly 10% or more below its 2019 levels...
    Fund manager Gerald Sparrow picks stocks by screening 5,000 companies every quarter to find out which are growing most quickly based on unit sales. He runs a portfolio of more than 100 stocks in the Sparrow Growth Fund. With a portfolio that large, you might expect index-like performance, but this year’s results have been...
    VIDEO3:1403:14Consumer discretionary stocks surge to top performing sector in JulyHalftime Report Tech may be the star of the show this year, but one other group is not far behind. The consumer discretionary sector was the S&P 500's best-performing sector in July, climbing more than 7% for the month. The five largest exchange-traded funds by assets...
    By Anshuman Daga SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector. Backed by heavyweight investors including SoftBank Group Corp, Grab has already sunk its roots...
    Wall Street is doing a happy dance over Microsoft's talks to acquire TikTok. The software maker's shares rose nearly 6%, or $11.53, on Monday, adding to gains on Friday after reports of the possible deal first surfaced. The jump added a whopping $95 billion to its worth — a clear sign that investors back what...
    New York (CNN Business)TikTok is scrambling to keep its American presence alive, and Microsoft has emerged as a potential, albeit unlikely, savior. Microsoft (MSFT) on Sunday said it is pushing forward with talks to acquire TikTok, following a conversation between CEO Satya Nadella and President Donald Trump, who previously threatened to ban the app in...
    Tom Brady pokes fun at himself with iPhone joke on his 43rd birthday These are the top deals to grab at Walmart right now 5 Ways to Be a Socially Conscious Consumer and Financial Activist In the wake of George Floyd's death, thousands of people across the country took to the streets to protest...
    VIDEO3:5203:52Microsoft's interest in TikTok is 'exciting,' says former CEO Steve BallmerSquawk Box Former Microsoft CEO Steve Ballmer said the company's pursuit of TikTok is "exciting" and that it's well-equipped to deal with any regulatory issues that would come with it. Microsoft confirmed in a blog post Sunday it has held talks with the social media...
    At first glance, a Microsoft acquisition of TikTok seems a little unusual. Microsoft has spent years walking back consumer plays like the Groove Music service, the Kinect Xbox accessory, its Microsoft Band fitness device, Windows Phone, and more recently the Mixer streaming service. Microsoft has been favoring its enterprise software and services, and even Cortana...
    CHICAGO (CBS) — Seafood is in and deli food is out – at least for this week. As quarantine life continues, some shopping habits are really starting to stick. CBS 2’s Lauren Victory looked at a particular consumer group commanding changes that could last long after the COVID-19 pandemic. America loves to hate Millennials. But...
    The U.S. Capitol Building in Washington, D.C.Adam Jeffery | CNBC Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Sunday evening as investors turned their attention back to Washington and the economy after a busy week of corporate earnings. Dow Jones Industrial Average futures rose 30 points at the...
    The head of the Federal Reserve Bank of Minneapolis said Sunday “fear” is a key factor behind a distressing decline in consumer activity that signals a stalling of the economic recovery. In an interview on CBS News’ “Face The Nation,” Fed member Neel Kashkari said consumers have to feel safe from the coronavirus pandemic that...
    President Trump on Friday night time mentioned he intends to “ban” the  Chinese language-owned video-sharing app TikTok from working within the U.S. “So far as TikTok is anxious, we’re banning them from america,” Trump advised reporters aboard Air Drive One. The president mentioned he deliberate to take motion in opposition to the social media...
    Isles, Panthers look to shake off rust in series opener What Happens To Your Body When You Eat Butter Stocks stage a late-day comeback to end higher one day after a Big Tech earnings blowout MARKET SNAPSHOT © Getty Images Stocks rebounded late Friday to close modestly higher after trading lower most of the...
    Hillsborough State AG arrests Tampa teenager for masterminding Twitter hack Earnings: Housing is on fire, but apparel and restaurants are struggling Stocks mostly negative despite Big Tech’s blowout earnings MARKET SNAPSHOT © Getty Images Stocks traded mostly lower Friday, weighed down by a mixed batch of earnings results, disappointing economic data and a lack...
    U.S. consumers increased their spending by 5.6% in June, the Commerce Department said Friday, following a record 8.5% consumer spending jump in May.   Analysts, however, say the effects of a rapidly increasing coronavirus caseload could wipe out the turnaround.   FILE - Federal Reserve Chair Jerome Powell speaks during a news conference in...
    Buffalo Bills G Jon Feliciano could miss entire 2020 NFL season These Bikini Trimmers Will Leave Your Skin Unbelievably Soft Stocks turn negative despite Big Tech’s blowout earnings MARKET SNAPSHOT © Getty Images Stocks traded lower Friday, weighed down by a mixed batch of earnings results, disappointing economic data and a lack of progress...
    Consumer spending increased in June, but it’s still about $1 trillion below where it ought to be: Even though national income increased thanks to stimulus checks and expanded unemployment benefits, people still aren’t willing to spend like they used to. Instead they’re saving more than normal, and who can blame them? If they...
    By MARTIN CRUTSINGER WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But the virus’ resurgence in much of the country could impede further gains. Last month’s rise in consumer spending...
    Consumer sentiment grew dimmer in late July as coronavirus infections surged, governments reversed or delayed reopening plans, and layoffs rose. The University of Michigan’s final July reading of its sentiment index sank to 72.5, down from the preliminary July reading of 73.2 and June’s final reading of 78.1, according to data released Friday. Economists surveyed...
    VIDEO11:0011:00Under Armour CEO on earnings and the outlook for the rest of the yearSquawk on the Street Under Armour's stores are opening back up across the county after being forced shut due to the Covid-19 crisis, but shoppers aren't showing up like they used to, according to the retailer's CEO.  "The consumer is there, but...
    Eric Spicely out of UFC on ESPN+ 31 bout vs. Markus Perez My Two-Year-Old Tested the New Lovevery Play Kit Subscription Box Consumer sentiment falls in late July as coronavirus cases rise and federal aid gets set to expire ECONOMIC REPORT © Getty Images Consumers are more pessimistic about the economy in light of a...
    Former student: Schembechler knew of abuse at U of Michigan Kellie Brown on Self-Love, Inspiring Community, and Sticking to a Beauty Routine Consumer spending jumps 5.6% in June, but the U.S. recovery already appears to be slowing ECONOMIC REPORT The numbers: Americans increased spending on a variety of goods and services in June...
    By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But the virus' resurgence in much of the country could impede further gains. Last month’s rise...
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    Andrew Kelly | Reuters U.S. consumer spending increased for the second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in Covid-19 cases and the end of expanded unemployment benefits. The Commerce Department said on Friday that consumer spending, which accounts...
    WASHINGTON (AP) — US consumer spending rose a solid 5.6% in June, but resurgence of virus threatens to stall further gains. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    The stave stars are back playing for sure in a bubble created for that How paradoxical that the first basket of this NBA comeback was scored by the Frenchman Rudy Gobert, the first player infected by coronavirus and the one who mocked as soon as the pandemic started. How far did it all go...
    SAN FRANCISCO (KGO) -- With record unemployment and a volatile stock market, we are living in uncertain economic times, to say the least, so you might think buying a home would be the last thing you'd want to do. But, as Consumer Reports explains, with a little creativity and flexibility, this could be the right...
    Potholes, old bridges, crumbling asphalt: States across the country are struggling to find the money to repair them. Recently, several have turned to a new strategy — taxing electric vehicles. But a Consumer Reports analysis shows why this could create new problems for people looking to buy a clean, efficient car. As the number of...
    SAN FRANCISCO (KGO) -- Fears about the coronavirus are forcing many people to rethink traditional air travel and hotel stays of past summers and look into recreational vehicles as a safer alternative. Some RV and camper dealerships have seen an increase in sales of up to 170 percent, and many customers are first-time buyers. Consumer...
    VIDEO5:3005:30Big Tech CEOs were just grilled on Capitol Hill—Here's what six experts took away from the big hearingTrading Nation Big Tech CEOs from Apple, Google, Amazon and Facebook testified on Wednesday before the House Judiciary subcommittee on antitrust.  Six market analysts discuss their key takeaways.  James Pethokoukis, economic policy analyst at the American Enterprise Institute,...
    Nicole Dienst | CNBC The cosmetics industry has been hard hit by the coronavirus pandemic, with forced store closures driving down sales and people staying in posing a new threat to the need for cosmetics products. But new technology strategies are allowing beauty companies to reach customers.  Ulta Beauty, one of the biggest success stories...
    New York (CNN Business)The US economy is emerging from what is likely to be its worst quarter on record. Although much of the worst is behind us and conditions have improved since the country ground to a halt in April, the recovery remains fragile. The Bureau of Economic Analysis will report just how bad the...
    Judge blocks public charge immigration rule 5 CDC Safety Guidelines That Way Too Many Restaurants Are Ignoring Nestle Outshines Rivals by Reporting Sales Growth, Led by Coffee (Bloomberg) -- Nestle SA stood out among ailing consumer-goods companies by reporting higher sales amid strong demand for coffee in home offices and pet food. © Bloomberg...
    Sen. Elizabeth WarrenElizabeth WarrenBiden notes show talking points about Kamala Harris Biden: I'll have a running mate picked next week Biden presses science and caution on pandemic MORE (D-Mass.) called for the director of the Consumer Financial Protection Bureau (CFPB) to resign over her handling of the response to the coronavirus pandemic. The progressive...
    VIDEO4:4904:49Bet on these kinds of staples stocks if you're buying into the sector: TradersTrading Nation Consumer staples stocks are bouncing back. The sector has climbed over 1% since Monday, on pace to be the S&P 500's best-performing group week to date as of Tuesday's close. Consumer staples stocks on the whole, tracked by the Consumer Staples...
    Seahawks get eight-player draft class under contract Jenelle Evans denies that her makeup kits are contaminated with fungus Study: Consumer finance complaints skyrocket during pandemic The role of the Consumer Financial Protection Bureau (CFPB) has come under scrutiny, but it’s still a place for consumers to log complaints against financial institutions. © fizkes /...
    Las Vegas’s biggest convention is going all digital next year — a major blow to both the gadget industry and the gambling capitol of the world. The Consumer Electronics Show, which last year drew more than 180,000 attendees to the Las Vegas strip to check out the latest in robotics, TVs and even fake...
    U.S. consumer confidence fell sharply as expectations about economic conditions plummeted in July. The Conference Board’s Consumer Confidence Index fell to 92.6 from 98.3 in June. Wall Street economists had forecast a milder decline to 95.7, according to Econoday. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions...
    By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — U.S. consumer confidence tumbled in July to a reading of 92.6 as coronavirus infections spread in many parts of the country. The Conference Board, a New York-based research organization, reported Tuesday that its Consumer Confidence Index fell from a June reading of 98.3. The weakness came...