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    (CNN)In a blog post shared first with CNN, White House economists argue that President Joe Biden's climate agenda will not only cut carbon emissions but also bring down costs for consumers. White House Council of Economic Advisers member Heather Boushey and council economists Noah Kaufman and R. Daniel Bressler write that the climate and clean...
    By: KDKA-TV News Staff PITTSBURGH (KDKA) – The Allegheny County Health Department has slapped two restaurants with consumer alerts. READ MORE: Pittsburgh Mayor Bill Peduto Proposes Reducing Number Of Off-Street Parking Spots For Restaurants One was posted for the Silk Elephant in Squirrel Hill on Monday and another for Crud’s Grill in North Braddock Tuesday....
    In this article GSBDDavid Zalik, founder and CEO of GreenSky.Chris Hamilton | GreenSkyGoldman Sachs is acquiring lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. The all-stock deal for GreenSky, called the biggest fintech platform for home improvement loans in a release announcing the deal, is expected to close by...
    Attorney General Chris Carr is warning Georgians about the latest version of the grandparent scam. The scam still starts with a phone call from someone pretending to be your grandchild, one of his/her friends, a lawyer or a law enforcement officer. The caller then describes an...
    U.S. consumer prices rose lower-than-expected 0.3% last month, the smallest increase in seven months and a sign that inflation pressures may be cooling. The August gain fell from a 0.5% increase in July and a 0.9% surge in June, the Labor Department reported Tuesday. It was the smallest increase since a similar 0.3% rise in...
    Consumer prices rose again in August, albeit at a slower pace than earlier in the summer. The Consumer Price Index rose 5.3 percent compared with a year ago, the Department of Labor said Tuesday. On a monthly basis, the CPI rose 0.3 percent. That continues the trend seen since January as the U.S. economy has...
    WASHINGTON (AP) — U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that inflation pressures may be cooling. The August gain fell from a 0.5% increase in July and a 0.9% surge in June, the Labor Department reported Tuesday. It was the smallest increase since...
    Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year ago and 0.3% from July....
    Consumer prices increased 5.3% in the year ending July, according to a report released on Tuesday by the Department of Labor. The numbers from the consumer price index came in line with forecast expectations of 5.3% and still raise concerns that inflation is coming in too hot as the country continues its recovery from...
    US President Joe Biden delivers remarks on plans to stop the spread of the Delta variant and boost Covid-19 vaccinations at the State Dinning Room of the White House, in Washington, DC on September 9, 2021.Brendan Smialowski | AFP | Getty Images Consumer companies have questions for President Joe Biden about his plan to increase...
    A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its August reading of inflation at the consumer level Tuesday. Americans continue to face higher costs, reflected in sharp annual increases in the consumer price index going back to April. The July...
    New York (CNN Business)The trade group that represents consumer brands including Coca-Cola (COKE), Kellogg (K) and Campbell Soup (CPB) fired off a letter to President Joe Biden on Monday with a laundry list of questions about his new vaccine mandate. In the letter, Consumer Brands Association CEO Geoff Freeman called for "immediate clarity" on the...
    VIDEO1:5201:52Economy and earnings have been strong: Ariel Investments' BobrinskoyClosing Bell U.S. stock index futures were modestly higher during overnight trading on Sunday as the S&P 500 comes off its longest daily losing streak since February. Fears over slowing economic growth and rising inflation have weighed on the market. Futures contracts tied to Dow Jones Industrial...
    New York (CNN Business)The American consumer is dealing with a lot of problems: higher prices, shortages and the Delta variant.America's economy can't fully recover without help from its consumers, who are the backbone of the nation's economic strength. But rising inflation, goods shortages, supply chain issues and rising coronavirus cases have left consumers in a...
    A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 5, 2021.Andrew Kelly | Reuters Investors are paying close attention to any reading on inflation these days, and the consumer price index will be the big one to watch in the coming week. The...
    WASHINGTON (AP) — The Transportation Department is detailing efforts it says it is making to help airline customers who were wrongfully denied refunds after flights were canceled or changed during the pandemic. The department says in a new report that it investigated 20 airlines over failures to issue prompt refunds to customers, and 18 of...
    A new White House council on U.S. economic conditions plans to hold its first meeting Friday, with participants to highlight at least 18 actions taken to help consumers and potentially lower prices. The council, an outgrowth of a July executive order by President Joe Biden, is aimed at refocusing the U.S. economy around the interests...
    CONCORD, Calif. (KGO) -- Millions of packages make it to their destinations every day with no problem and no controversy, but there are exceptions to the rule."When I saw the video I was somewhat irritated," Michael Baxes of Concord told 7 On Your Side. "There might be stronger words I could use. Yes, it rubbed...
    By: KDKA-TV News Staff SHARPSBURG, Pa. (KDKA) – The Dollar General in Sharpsburg has been slapped with another consumer alert because of an ongoing pest infestation. READ MORE: 25 Indicted In Drug Trafficking Bust: The Hazelwood Mob Is No Longer In Business The Allegheny County Health Department says there’s evidence the store on Main...
    A look at some of the key business events and economic indicators upcoming this week: JUST CHARGE IT The Federal Reserve issues its latest monthly tally of U.S. consumer borrowing Wednesday. Americans, bolstered by a reopening economy and rising job levels, have been increasingly ramping up their use of credit since February. Consumer borrowing, excluding...
                      by Thomas Catenacci  Prominent economic historian Niall Ferguson said current inflation could be in line with where it was in the 1960s during the period that preceded a decade of high consumer prices, CNBC reported. “What is interesting about disasters is that one can lead...
    Prominent economic historian Niall Ferguson said current inflation could be in line with where it was in the 1960s during the period that preceded a decade of high consumer prices, CNBC reported. “What is interesting about disasters is that one can lead to another,” Ferguson said in a Friday interview with CNBC. “You can go...
    In this article MSVIDEO2:3602:36S&P 500, Nasdaq hit record highs – three market watchers on what's nextTrading NationThe tech-heavy Nasdaq and broader S&P 500 are setting records after records. Three experts joined CNBC to discuss where markets are headed next. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, says expectations may have been too lofty...
    Niall FergusonOlivia Michael | CNBC Inflation could be repeating the trajectory of the late 1960s, which laid the foundation for sustained high inflation the following decade, according to top economic historian Niall Ferguson. Speaking to CNBC Friday, Ferguson said that as a result of responding to the Covid-19 pandemic in a similar fashion to the...
    In this article LEVIDEO3:3803:38Lands' End CEO on what supply-chain challenges mean for retailer's futurePower LunchConsumer demand isn't the problem — it's getting the products to the shelves on time, according to apparel retailer Lands' End. The retailer's stock closed down more than 9% on Thursday at $31.10. Although the retailer turned in better-than-expected fiscal second-quarter...
    WASHINGTON – Subaru of America has issued a do not drive notice and recall on select Model Year 2021 Impreza vehicles. This notice and recall involves 802 Model Year 2021 Impreza vehicles. A lower control arm weld on the front driver’s side may fail on affected vehicles. If this happens, the tire could contact the...
    Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency's rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a...
    SAN FRANCISCO (KGO) -- Recently when I was working on a report about using old gift cards I heard from Lawrence Ching. He asked if I knew about cashing in old BART tickets.He told me had a personal experience. "I had accumulated, over the years, a bunch of paper BART tickets," he said. "There was...
    CHICAGO (CBS) — A suburban mover is so troubled that there is an arrest out warrant for him – and the federal government has stripped him of his ability to haul stuff across state lines. He also has the worst possible rating with a prominent consumer group. READ MORE: State Law Is Supposed To Help...
    CHICAGO (CBS) — A suburban mover is so troubled that there is an arrest out warrant for him – and the federal government has stripped him of his ability to haul stuff across state lines. He also has the worst possible rating with a prominent consumer group. READ MORE: 4-Year-Old Girl Shot In Arm While...
    “Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: California shoppers seem antsy about this summer’s reinvigorated coronavirus, sending one consumer confidence index down for the second consecutive month. Source: The Conference Board’s monthly polling of shoppers, which creates various consumer confidence indexes, including California’s. The Trend...
    Consumer confidence plummeted to the lowest level since February, survey results released Tuesday showed. The Conference Board said its Consumer Confidence Index declined in August to 113.8, down from 125.1 in July. Economists had forecast the index to remain nearly unchanged at 123. The prior month was revised down from 129.1. The Present Situation Index,...
    Visoot Uthairam | Moment | Getty Images Scammers have bilked Americans out of $545 million in Covid-related fraud since the beginning of 2020 in a range of schemes from online shopping to travel, according to the FTC. The agency received almost 589,000 consumer complaints associated with the pandemic from Jan. 1, 2020 to Aug. 30,...
    WASHINGTON (AP) — U.S. consumer confidence fell in August to the lowest level since February amid rising concerns about the rapidly spreading delta variant of the coronavirus and worries about higher inflation. The Conference Board reported Tuesday that its consumer confidence index dropped to a reading of 113.8 in August, down from a revised 125.1...
    DALY CITY, Calif. (KGO) -- A rare consumer alert from the California Bar Association about an attorney accused of abandoning clients who hired him to fight their traffic fines.The Bar normally doesn't comment on an ongoing investigation. However, they felt this needed to be the exception.The Highway Patrol clocked Carol Lozon going 102 miles per...
    By: KDKA-TV News Staff PITTSBURGH (KDKA) – The Allegheny County Health Department has posted consumer alerts for two businesses. READ MORE: Fourth Stimulus Check: Is Another Relief Payment Coming? One was posted for Gooski’s in Polish Hill Thursday and another for McKnight Kitchen in Ross Township on Wednesday. READ MORE: Body Of Young Woman Found...
    It’s been more than thirty years since consumer inflation ran as hot as it did in July. Consumer prices were up 4.2 percent compared with July of 2021, according to the Personal Consumption Expenditure price index released Friday. That’s the highest since January of 1991. Core prices, which strip out volatile food and energy costs,...
    By Lucia Mutikani WASHINGTON, Aug 27 (.) – US consumer spending slowed in July as a decline in motor vehicle purchases due to shortages offset an increase in services, supporting the view that economic growth slowed. will moderate in the third trimester when there is a resurgence of COVID-19 infections. However, the basis for recovery...
    U.S. consumer sentiment plummeted in early August and weakened even further in the latter half of the month as households struggled with inflation and the resurgence of coronavirus. The University of Michigan’s consumer sentiment index fell to a near-decade low of 70.3, a 13.4 percent decline from July’s 81.2, data released Friday showed. Most of...
    Growth in U.S. consumer spending slowed in July to a modest increase of 0.3%, a sign many Americans are growing more cautious as COVID-19 cases surge. The July increase in spending was down sharply from a 1.1% rise in June, the Commerce Department reported Friday. Experts said the pullback suggests the Delta variant of the coronavirus is crimping...
    WASHINGTON (AP) — Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months rose to the fastest pace in three decades. The July increase in spending was down sharply from a 1.1% rise in June, the Commerce Department reported Friday. It was the clearest...
    WASHINGTON (AP) — US consumer spending slows sharply to a 0.3% gain in July while inflation remains high, rising 4.2% in the past year. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    WASHINGTON (CBSDFW.COM) – Ford Motor Company is issuing a recall on Model Year 2021 Ford F-150 vehicles manufactured with the Super Cab body style, and is recommended consumers not drive their trucks in some cases. In a release, the company said the front seat belt webbing may be incorrectly routed. A misrouted seat belt may...
    NORTH TEXAS (CBSDFW.COM/AP) — Six months after a series of winter storms left thousands of Texans without power in February, Texans for Fair Energy Billing is warning that legislative inaction has left the state power grid unprepared for the upcoming winter. The consumer advocacy group is urging Gov. Greg Abbott to add energy reliability and...
    New York (CNN Business)Is the Delta variant hurting the economy? It depends on who you ask.A handful of businesses over the past several weeks have said customers are closing their purses. Consumer confidence fell through the floor, and retail sales sank.Yikes, right? Well, maybe not.Job growth remains electric. Inflation has come off its highs, and...
    Samsung’s DDR5 memory is on the way and as expected from the world’s leading semiconductor manufacturer it will be top-notch. The first modules have been presented at the Hot Chips 33 conference and point to breakthroughs in performance and capacity. DDR5 is one of the new standards that the industry will launch in 2022. And...
    Santander raises its offer for Santander Consumer to $ 2.45 billion
    (Bloomberg) – Paraguay is the latest Latin American country to boost its benchmark interest rate with its first hike in more than five years, as rising food and fuel prices push inflation above the goal. The central bank on Monday raised the key rate by a quarter of a percentage point to 1% after keeping...
    A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING The National Association of Realtors issues its July tally of previously occupied U.S. homes Monday. Economists project that the pace of sales slowed last month to a seasonally adjusted annual rate of 5.81 million homes. In...