Tag Archives: Consumer

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

Retailers such as Target (TGT) and Foot Locker (FL) are set to report their quarterly results this week. Storch Advisors CEO Jerry Storch joins Yahoo Finance Live to discuss the current state of the consumer. Storch, the former CEO of Toys “R” Us and Hudson’s Bay, says so far “the consumer has held up pretty well.” Despite this resilience, he notes that “inflation is still real” and other pressures remain, so investors will be watching retail results “with a very sharp eye.” Retail earnings… Source link

[unable to retrieve full-text content]Google enforcing stricter rules for consumer finance ad targeting  Search Engine Land Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: One week into 2024, and investors are being hit with several truths. The first truth is that Magnificent Seven stocks don’t go up every single day (despite what December’s action showed…), and the downgrade buzzards on Wall Street lurk. Apple (AAPL) shares are being hammered by analyst downgrades. Tesla (TSLA) is under pressure after meh delivery numbers. Nvidia’s (NVDA)… Source link

[unable to retrieve full-text content]Google Settles $5 Billion Consumer Privacy Suit Over Chrome’s Incognito Mode  CNET Source link

[unable to retrieve full-text content] Pichai to rebut Epic Games’ charge that Google ‘monopolized’ consumer choice  The Guardian Google’s CEO is about to drop into the Fortnite trial  The Verge Google’s C.E.O. to Take Another Turn on the Antitrust Witness Stand  The New York Times Source link

[unable to retrieve full-text content]Analysts find strength in consumer stocks Hershey, P&G, J&J  Yahoo Finance Source link

[unable to retrieve full-text content]Target Q4 earnings beat estimates, CEO strikes a cautious tone as consumer spending shifts  Yahoo Finance Source link

U.S. stocks rallied Wednesday as strong earnings from Nike and FedEx, along with upbeat consumer confidence data, lifted sentiment after a recent bout of selling. The S&P 500 (^GSPC) surged 1.5%, while the Dow Jones Industrial Average (^DJI) jumped more than 500 points, or 1.6%. The technology-heavy Nasdaq Composite (^IXIC) also advanced 1.5%. An upbeat gauge of consumer confidence helped raise the mood on Wednesday. The Conference Board’s Consumer Confidence Index rose to 108.3 this month… Source link

WASHINGTON (AP) — Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed customers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applying overdraft fees against savings and checking accounts. Wells was ordered to repay $2 billion to consumers by the Consumer Financial Protection Bureau, which also enacted a $1.7 billion penalty against the San Francisco bank Tuesday. It’s the largest fine ever leveled… Source link