Selligent Consumer Study Reports Seismic Shift in Consumer Spending Habits with 60% …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

SAN JOSE, Calif. and BRUSSELS, Belgium, Sept. 22, 2020 (GLOBE NEWSWIRE) — Selligent Marketing Cloud (Selligent), the intelligent omnichannel cloud technology company, today published its third annual Selligent Global Connected Consumer Index, a global study of 5,000 consumers focused on brand interactions and expectations. This year’s study finds seismic shifts in consumer behavior and changing expectations from brands amid the ongoing effects of the global pandemic. Seventy-five percent of global consumers reported less work (reduced hours, reduced pay, laid off, etc.) due to COVID-19 and, as a result, a majority (60 percent) have modified purchases to focus on essential items, like food and safety products. When it comes to interactions with brands, 76 percent expect real-time email or mobile updates, while 81 percent value flexibility in returns or

Read More

Continue Reading

Profiting From Trading Stocks Of The S&P 500 Consumer Staples Sector (NYSEARCA:XLP)

A previous article described a profitable trading strategy with the stocks of the Technology Select Sector SPDR Fund (XLK). Similarly, the consumer staple stocks of the S&P 500 can be profitably employed to provide good returns with less risk.

Emulating the Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP).

The analysis was performed on the on-line portfolio simulation platform Portfolio 123.

Since historic holdings of (XLP) are not published a custom universe was constructed from the consumer non-cyclical stocks of FactSet’s Revere Business Industry Classifications System of the S&P 500 index.

The rule to set up the custom universe “S&P 500 (STAPLE)” in Portfolio 123 is: RBICS(NONCYCLICAL).

The current holdings (44 stocks) of S&P 500 (STAPLE) are similar, but not identical to the current holdings of XLK (32 stocks).

Backtesting of S&P 500 (STAPLE) universe

A backtest from 1/2/2009 to 9/23/2020 with all the cap-weighted stocks in the custom universe

Read More

Continue Reading

California to create its own consumer financial protection agency

SACRAMENTO — California will create a state consumer financial protection agency to fill a void left by federal regulators, who have pulled back on oversight during the Trump administration.



Gavin Newsom wearing a suit and tie: Gov. Gavin Newsom in a Sept. 18, 2019, file photo. On Friday, Newsom signed legislation establishing the state Department of Financial Protection and Innovation to regular credit reporting agencies and debt collectors.


© Rich Pedroncelli / Associated Press

Gov. Gavin Newsom in a Sept. 18, 2019, file photo. On Friday, Newsom signed legislation establishing the state Department of Financial Protection and Innovation to regular credit reporting agencies and debt collectors.


Gov. Gavin Newsom signed legislation Friday establishing the Department of Financial Protection and Innovation, a restructured Department of Business Oversight that will expand its focus to credit reporting agencies, debt collectors and financial technology companies that have not previously been subject to state regulation.

Loading...

Load Error

The new state department, Newsom said at an online signing ceremony, will “create conditions for innovation to flourish in a way where we can steward that and we can just work against its excesses. So we support

Read More

Continue Reading

Banks, consumer groups both got what they wanted in ‘mini-CFPB’ bill

California lawmakers are on the verge of enacting legislation to create a powerful state regulatory agency resembling the Consumer Financial Protection Bureau after negotiators agreed to legislative changes allowing banks and consumer advocates to both claim victory.

The state Senate on Monday night approved the “mini-CFPB” bill that strengthens supervision and enforcement powers over financial services companies but limits the effects of the expanded authority on banks and auto lenders. Gov. Gavin Newsom could sign the measure within days as part of a larger budget bill.

The imminent enactment comes after lawmakers had tabled the idea of the new agency as recently as June. The plan was revived last month, much to bankers’ disapproval.

But the California Bankers Association said last week that it was “neutral” on the identical bills in the state Senate and Assembly after successfully lobbying with other trade groups to exempt banks and auto lenders from

Read More

Continue Reading

CFPB Groups to Discuss Recommendations on Federal Consumer Prot…

The Consumer Financial Protection Bureau’s advisory committees will meet Sept. 15 for a listening session with members of the bureau’s Taskforce on Federal Consumer Financial Law.

The groups will share recommendations on improvements to the current state of federal consumer protection laws, regulations and practices. The meeting is part of the taskforce’s ongoing public outreach effort to solicit feedback to inform its work.

The meeting, from 2:30 to 4:30 p.m. EDT, will feature remarks from the bureau’s taskforce, leadership and discussion with advisory committee members.

The agenda includes:

  • Welcome and director remarks from Manny Mañón, acting staff director, advisory board and councils section, and CFPB Director Kathy Kraninger.
  • Listening session with Kraninger and the bureau’s Taskforce on Federal Consumer Financial Law members, including taskforce chair Todd Zywicki and taskforce members Howard Beales, Thomas Durkin, Jean Noonan and William MacLeod.

The goal of the task force is to examine the existing

Read More

Continue Reading

Facteus Launches Consumer Spending Report: Finding Conviction Post COVID-19

Report developed from analyses of near real-time data from millions of consumer financial transactions

Facteus, the leading provider of actionable insights from financial data, today published the Facteus Consumer-Spending Report: Finding Conviction Post COVID-19. The report provides a critical lens into the impact of COVID-19 on consumer behaviors and transaction trends.

The full report can be downloaded at https://info.facteus.com/consumer-spending-report-finding-conviction-post-covid-19.

The report is based on transactional data from millions of consumer transactions, covering more than 1,600 companies and 430 publicly traded stock tickers, sourced directly from financial institutions, fintechs, and payments companies. Facteus transaction data incorporates credit and debit card purchases, and transactions through payroll and corporate-expense accounts.

Key findings from the report include:

  • Share of Wallet Shifts as a Result of COVID-19: The abruptness of the rolling shelter-in-place restrictions and reopenings created pronounced shifts in spending patterns, first demonstrating the appetite for nondiscretionary spending, and over time reflecting the pent-up

Read More

Continue Reading

Removing stains from kids’ clothing: Consumer Reports

ST. LOUIS — Back to school might look a little different this year. But some things never change, like the  exceptional ability of kids to stain their clothing, whether it’s grass, gum, or more artistic stains like crayon or Play-Doh. 

The experts at Consumer Reports have some helpful tips on removing stains.

If the stain is still fresh, water alone may actually remove it. But if the stain has set in, a few household items and a good detergent to pretreat it can help.

For crayon—fresh or melted—remove as much as possible. Then work a small amount of dish detergent into the stain. Let it sit for a few minutes, then rub the fabric under warm water. Afterward, wash the clothing in the hottest water temperature allowed for the specific fabric.

Use regular laundry detergent and an oxygenated bleach like OxiClean. Let the clothing air-dry and repeat if the stain

Read More

Continue Reading

Frydenberg’s move to dump lending laws ‘shortsighted’, consumer groups say



a sign on the side of a building: Photograph: Joel Carrett/AAP


© Provided by The Guardian
Photograph: Joel Carrett/AAP

Josh Frydenberg’s decision to dump laws requiring banks to meet responsible lending standards will enable a return to the kind of misbehaviour that sparked the Hayne royal commission, consumer groups say.

The treasurer on Thursday bowed to behind-the-scenes lobbying by the banks and said he would revoke the laws, which require lenders to make an effort to figure out whether would-be borrowers can afford to repay their debt.

Bank stocks soared on Friday morning, with Westpac shares up 6.5%, NAB up 6.3% and ANZ up 5.3%. Australia’s biggest bank, the Commonwealth, rose a more modest 3.1%.

It is not clear whether or how deeply the Australian Securities and Investments Commission, which administers the responsible lending laws, was consulted about the change, with one well-placed industry source telling Guardian Australia the regulator was “blindsided”.



a sign on the side of a building: Josh Frydenberg has decided to revoke responsible lending standards for the banks.


© Photograph: Joel Carrett/AAP
Josh Frydenberg has decided to

Read More

Continue Reading

Consumer Edge Downgrades Coty (NYSE:COTY) to Equal Weight

Coty (NYSE:COTY) was downgraded by Consumer Edge from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, MarketBeat.com reports.

Several other equities research analysts have also recently commented on COTY. Royal Bank of Canada reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Coty in a research report on Tuesday, August 25th. DA Davidson cut their price objective on shares of Coty from $5.00 to $3.50 in a research report on Monday, August 31st. ValuEngine raised shares of Coty from a “hold” rating to a “buy” rating in a research report on Friday, August 28th. Stifel Nicolaus cut their price objective on shares of Coty from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, June 2nd. Finally, Morgan Stanley cut their price target on shares of Coty from $6.00 to

Read More

Continue Reading

Tata Consumer mulls buyout of Coffee Day’s vending machine business: Report



a cup of coffee sitting on top of a wooden table: Tata Consumer mulls buyout of Coffee Day's vending machine business: Report


© Ruchira Kondepudi
Tata Consumer mulls buyout of Coffee Day’s vending machine business: Report

Tata Consumer Products is considering to acquire the vending machine business of Coffee Day Enterprises (CDEL).

The board of Tata Consumer Products has approved a proposal to evaluate the buyout, and is planning a non-binding bid, according to a Bloomberg report.

CDEL, which owns the Cafe Coffee day chain, is asking for a $271 million valuation for the vending machine business, sources told the news agency.

Moneycontrol could not independently verify the story.

Coffee Day is looking to induct strategic and financial partners into businesses as part of an ongoing reconstructing exercise, a representative told Bloomberg. A representative for Tata Consumer had not yet responded to a request for comment.

The discussions with Tata Consumer are in the early stages, and CDEL is also in talks with other potential buyers for the vending machine business, the

Read More

Continue Reading

Load More