(Bloomberg) — India announced measures worth $6.6 billion to stimulate consumer demand and investment in the economy damaged by the coronavirus pandemic. © Bloomberg Workers talk on mobile phones at a road construction site in Bhopal District, Madhya Pradesh, India, on Tuesday, Nov. 20, 2018. Key Indian states are voting […]
Concumer Finance
Financial leaders from the world’s seven largest economies (G7) will oppose the launch of Facebook’s Libra stablecoin until it is “adequately” regulated, according to a Reuters report published Monday. Reuters reviewed a draft statement that had been prepared for a meeting of finance ministers and central bankers from the U.S., […]
WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, but inflation is slowing amid excess capacity in the economy as it gradually recovers from the COVID-19 recession. FILE PHOTO: FILE PHOTO: Shoppers […]
© Provided by Zee Business In a major development, Modi government has announced new measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19. Addressing a press conference, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Monday announced new […]
NEW YORK (Reuters) – Goldman Sachs Group Inc management is considering whether to scale back financial targets set earlier this year, as the coronavirus pandemic has hindered the bank’s business model revamp, analysts and sources inside the bank told Reuters. The ticker symbol and logo for Goldman Sachs is displayed […]
Innovation across various global industries seems to be moving at an accelerating pace. This makes sense because innovation in one sector ultimately makes innovation in other sectors cheaper. As innovation becomes cheaper, we can naturally expect it to increase in usage. The advances we’ve seen in the world are all […]
Photographer: Patrick T. Fallon/Bloomberg Photographer: Patrick T. Fallon/Bloomberg U.S. consumer borrowing unexpectedly fell in August as credit-card balances declined for a sixth consecutive month with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment. Total credit decreased $7.2 billion from the prior month after an upwardly revised $14.7 […]
3 ON YOUR SIDE (3TV) – Andrea Bloome has devised a whole system, so she can zero out her credit card bills and plan for her future at the same time. “My best plan is to take the money before I ever even see it, so I don’t even know it […]
Smit and his team have been working on the research during the summer and released findings to the industry this month in a 13-page presentation: ‘Consumer Responses Post-Lockdown’. The research, which started in April is, of course, published during the ‘post lockdown’ phase, but with global infections worldwide standing at […]
CHICAGO – Elevated at-home demand for frozen foods, snacks and center store staples propelled Conagra Brands’ first quarter results. The company expects the higher level of demand to continue as fewer people eat out, more people are working from home and retailers seek to resupply depleted inventories. “We see consumers […]
AB 1864 Establishes the Department of Financial Protection and Innovation – modeled directly after the federal agency championed by President Obama and Senator Warren – to Fight Financial Predators and Cultivate Consumer-Serving Innovation SB 908 establishes a licensing law to specifically regulate debt collectors AB 376 creates Student Borrower Bill of Rights […]
A survey conducted by Refused Car Finance reveals how drivers were impacted by lockdown. Main findings: – 36.5% of UK drivers surveyed were confused as to what they can and can’t do during lockdown – Over 1/4 of drivers said that they have shared a car with someone […]
Dive Brief: As part of the technology in Nike’s consumer-direct acceleration strategy, the company is working to replace its enterprise resource planning (ERP) system, said Courtney Kissler, VP, Nike Global Technology at Nike, speaking Tuesday at the Virtual Grace Hopper Celebration. “We’re also investing in unifying our investments and our […]
The FBI has confirmed SecuGen’s optical biometric fingerprint technology has reached the image quality specifications needed for PIV and Mobile ID FAP 30. The technologies that have received the certifications are SecuGen’s upcoming Hamster Pro 30 fingerprint reader and their U30 OEM sensor. The devices are not the first from […]
Interbank messaging network Swift is to move into the low-value remittance market, providing member banks with the means to make instanteous transactions across borders for small and medium-sized companies and consumers The banking co-operative is working with over 20 banks to develop the service, which builds on the strength […]
I was honored to be contacted recently by The Motley Fool regarding its stance on how the coronavirus has resulted in the illnesses and even deaths, not only of people, but also of consumers’ bank accounts. No, I don’t necessarily mean the costs associated with the virus itself; instead, the […]
WASHINGTON — U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired. The Commerce Department reported Thursday that spending grew by just 1%, the weakest growth since spending fell 12.7% in April when rapidly spreading COVID-19 […]
CLOSE Jim Farley, of Ford Motor Co., talks about the future of the automobile and how Ford will innovate and change demand like they did with the Model T. Detroit Free Press At 8 a.m. Thursday on the first day of Jim Farley stepping into his new CEO role at […]
Auditor General Eugene DePasquale says Pennsylvania’s student loan servicing agency — one of the nation’s largest — stands out for more than its size: Sixteen of its 20 board members are state legislators, ranking it among the most politician-heavy public boards in the nation, and it is lacking in outside […]
(Bloomberg) — The executive who helped guide Goldman Sachs Group Inc.’s embrace of Main Street is giving up his post in a management shuffle at the consumer unit. © Bloomberg Goldman Sachs Group Inc. headquarters stands in New York. Harit Talwar, the face of Goldman’s five-year-old dive into mom and […]
Subscribe for $3 for 3 months FILE – In this Aug. 31, 2020, file photo, clients line up outside the Mississippi Department of Employment Security WIN Job Center in Pearl, Miss. A critical snapshot of the job market and the economy to be released Friday, Oct. 2, is expected to […]
Consumers reported growing optimism in September about present business and labor market conditions. Data also suggested rising consumer expectations. THE ASSOCIATED PRESS WASHINGTON (AP) — U.S. consumer confidence rebounded more quickly in September than most economists had expected, though the levels remain far below those before the pandemic struck. The […]
Yesterday, Baltimore-based fintech company Facet Wealth said it raised $25 million in financing as it readies a new business line pitching financial planning as an employment benefit to businesses looking to recruit top talent. Employment benefit packages are expanding beyond the basic gym membership and healthcare to include subscriptions to […]
The White House and congressional Democrats had still not agreed on a plan Thursday evening for the passage of more fiscal stimulus as new government data showed continuing strain on consumers impacted by the coronavirus downturn. A top aide to Democratic House Speaker Nancy Pelosi said the lawmaker had held […]
U.S. Consumer Struggles Grow, 6 Months Into COVID-19 Pandemic For those hoping the pandemic would have a short-term impact on American life, new research is proving them wrong. Roughly six months after the COVID-19 outbreak was classified a pandemic on March 11, 61% of consumers had either run out of […]