Tag Archives: Consumer

Stocks were searching for direction on Friday afternoon, with economic data on inflation and consumer sentiment sending somewhat mixed signals to investors. Near 1:15 p.m. ET on Friday, the S&P 500 and Nasdaq were unchanged, while the Dow was down 0.2%. All three major averages have spent time on both sides of the flatline during Friday’s session as investors look to build on momentum built Thursday after the S&P 500 snapped a five-day losing streak on Thursday. Data on producer prices out… Source link

High prices mean Canadians are planning on spending less during the holiday season this year. (THE CANADIAN PRESS/Justin Tang) One in three Canadians say they will spend less over the holiday season this year, as high prices force them to scale back on shopping and gift giving, a new Yahoo/Maru Public Opinion poll has found. The survey of 1,522 Canadians released on Friday found that 30 per cent of respondents will be spending less over the holidays this year as inflation continues to force… Source link

By David Randall NEW YORK (Reuters) – As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer Target Corp, have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to… Source link

NEWS RELEASE: OFFICE OF CONSUMER PROTECTION ANNOUNCES HISTORIC $391.5 MILLION MULTISTATE SETTLEMENT WITH GOOGLE OVER LOCATION TRACKING PRACTICES Posted on Nov 14, 2022 in Latest Department News, Newsroom Honolulu – The State of Hawaii Office of Consumer Protection announced today that Hawaii, along with 39 other states, has reached a $391.5 million multistate settlement with Google over its location tracking practices relating to Google Account settings. This is the largest multistate… Source link

For British luxury automaker Bentley (VOW.DE), 2022 may leave a strong 2021 in the dust. Through the first nine months of 2022, Bentley reported record operating profit of €575 million ($577,129,608), more than double the amount from a year ago. The previous full-year record high for operating profit was €389 million ($383,651,250.00). Revenue through the first nine months came in at €2.490 billion ($2,455,762,500.00), a jump of 28% from a year ago. For Bentley CEO Adrian Hallmark, the… Source link

American Express (AXP) CEO Stephen Squeri has a message for investors sending the stock lower on Friday following the company’s third-quarter earnings release: Read the release again. “We’re not seeing any changes in consumer spending,” Squeri told Yahoo Finance. “We have strong credit quality.” The CEO also addressed concerns about a business slowdown should a recession materialize. “If anything changes, we have plans in place to pivot,” Squeri added. “If I didn’t say that, you would think I… Source link

Bank of America (BAC) CEO Brian Moynihan isn’t joining the chorus of those warning about the economy heading into 2023, and that’s because the consumer continues to shop, shop, shop despite ongoing inflationary pressures. “The American consumer is resilient,” Moynihan said on Yahoo Finance Live (video above). According to the chief executive, consumer spending — as measured by transactions on BofA’s debit and credit cards — is up 10% through October even as inflation remains high and the… Source link

Google parent company Alphabet Inc. will pay $85 million to end a consumer privacy lawsuit filed by the state of Arizona. The suit, which was filed in May 2020, alleged the search engine violated the state’s Consumer Fraud Act and misled internet users about its use of location data and data collection practices. It accused Google of continuing to track user location without consent in order to increase ad revenue, even after users had turned off location history in settings. Arizona… Source link

Arizona and Google announced a settlement Tuesday in a consumer fraud lawsuit, allowing the tech behemoth to pay $85 million instead of going to court later this month.  Attorney General Mark Brnovich filed the lawsuit against Google in 2020. The lawsuit was the result of a larger investigation that was prompted by 2018 reporting by the Associated Press revealing certain Google applications store location data without asking, and that deleting the data… Source link

NEW YORK, Sept. 27, 2022 /PRNewswire/ — The Metaverse in Entertainment Market size is expected to grow by USD 28.92 billion during 2021- 2026, at a CAGR of 8.55% during the forecast period, according to Technavio. The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aomen City, Epic Games Inc., Hungama Digital Media Entertainment Pvt. Ltd., Meta Platforms Inc., Niantic Inc., OverActive Media Corp., Qualcomm Inc., Queppelin, Roblox Corp,