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News about consumers:

    CHiCAGO (WLS) -- According to the Better Business Bureau, people should be wary about scammers during Amazon Prime Day.As Amazon Prime Day takes place June 21 and 22, the BBB warns people to look out for scams, including phishing, false advertising and phony websites."It's really a big day for the scammers, retail experts say Prime...
                        Photo “Lumber” Mike Mozart CC BY 2.0.
    More from: Charles Gasparino How SEC boss should deal with meme stock schemes Latest economic figures show Bidenomics is not working Bidens plan to target business as a way to win votes BlackRock’s ‘No. 1’ goal in woke investing: Huge ESG-funds haul ‘Meme’ mob behind Gamestop frenzy might still imperil soaring AMC Four years...
    New York (CNN Business)You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled.The rising prices for staples like milk and pork affect grocery stores too, as they have to pay more to their suppliers. But while they are raising prices under the guise of increasing supplier...
    In this June 19, 2020, protesters chant as they march after a Juneteenth rally at the Brooklyn Museum, in the Brooklyn borough of New York. AP Photo/John Minchillo Samantha Lee/Insider Prior to 2020, 45% of Americans said they didn't know anything about Juneteenth Protests pushed consumers to hold corporations responsible for their marketing...
    In this article MEAnne Wojcicki, 23andMe co-founder & CEO (right) celebrates with 23andMe employees after remotely ringing the NASDAQ opening bell at the headquarters of DNA tech company 23andMe in Sunnyvale, California, U.S., June 17, 2021.Peter DaSilva | ReutersThe newest trade in the stock market is "ME." Personalized medicine and at-home genetic testing kit company...
    Amazon is selling its own at-home COVID-19 test kit directly to consumers.  The kit, which received approval from the U.S. Food and Drug Administration (FDA) in March 2021, will cost $39.99. Kits come with a swab kit and a prepaid shipping label to be returned to an Amazon lab for analysis with some kits  available...
    In this article ADS-DEKasper Rorsted, chief executive officer of Adidas AG, gestures while speaking during a Bloomberg Television interview in London, U.K., on Tuesday, Oct. 1, 2019.Simon Dawson | Bloomberg | Getty ImagesSocial media has made it easier for consumers to hold companies and CEOs accountable for their actions, and that's a good thing, Adidas...
    In this article DFSFifty-six percent of travelers told Discover they'll use contactless payment methods more often while on trips this year.martin-dm | E+ | Getty ImagesMost news about travel may have focused on health and safety since the pandemic hit over a year ago. However, cost and booking flexibility are now even more top of...
    In this article F FORD Bronco SUVs in production at Ford's Michigan Assembly plant, June 14, 2021.Michael Wayland | CNBCDETROIT – Ford Bronco SUVs are rolling off a Michigan assembly line and shipping to dealers for the first time in roughly 25 years, marking a new beginning for what's expected to be a significantly...
    U.S. Sen. Roger Wicker (R-MS), ranking member of the Senate Committee on Commerce, Science, and Transportation, introduced a bill aimed at curbing tech censorship called the PRO-SPEECH Act last week. The bill would establish baseline protections to prohibit Big Tech from engaging in unfair, deceptive, or anti-competitive practices that limit or control consumers’ speech. The...
    kate_sept2004 | E+ | Getty Images Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you. It's not as uncommon as you may think. More than one-third, or 34%, of Americans found at least one error on their credit report, according to...
    More On: credit Credit card age is often considered — even if it’s been closed Will canceling unused credit cards hurt my credit score? Amazon’s credit card company is a nightmare This is the score millennials care about the most Deferred payments app Klarna soared to a valuation of $45.6 billion in its latest...
    WASHINGTON - U.S. consumer prices surged in May, jumping 5% from a year ago, the highest annual inflation rate in nearly 13 years, the Labor Department reported Thursday. The increase, in a variety of ways, is linked to the country’s recovery from the coronavirus pandemic, with merchants increasing prices as consumers — many of...
    In this article MALuke Sharrett | Bloomberg | Getty ImagesThe back-to-school season is usually a time of new beginnings, but consumers are more eager than usual for a fresh start after the pandemic. That emotion will fuel spending, according to a new forecast. Back-to-school sales in the U.S. are expected to grow 6.7% from 2019...
    Gov. Greg Abbott Tuesday signed Senate Bills 2 and 3 into law to strengthen the state’s power grid and reform The Electric Reliability Council of Texas (ERCOT), which operates it. He was joined by Republican legislators who authored the bills, state Rep. Chris Paddie and state Sens. Kelly Hancock and Charles Schwertner. The bills were...
    Shoppers wear protective masks inside the Glendale Galleria shopping mall in Glendale, California, on Thursday, May 6, 2021.Bing Guan | Bloomberg | Getty Images One of the country's largest retail trade groups, the National Retail Federation, boosted the industry's outlook for the year on Wednesday, saying it anticipates "the fastest growth that we've seen in...
    New York (CNN Business)Add paint to the growing list of things that are getting more expensive.Sherwin-Williams (SHW) announced Tuesday that "demand remains strong" for its paint and other products, forcing the retailer to hike prices 7% beginning in August. The company blamed rising costs of raw materials for the price increases -- a pandemic trend...
    Therefore, investment and wealth management companies are the financial services companies that consumers are most skeptical of. Banks and credit unions (61%), insurers (51%) and payment service providers like Visa, PayPal and MasterCard (48%) are more trusted than their advisors. Visa, PayPal, MasterCard and Stateform really top the list of companies that consumers trust the...
    Americans borrowed less than expected in April, data released by the Federal Reserve showed Monday, indicating that the precautionary stance many consumers adopted in 2020 may linger even as the pandemic recedes. Total consumer credit increased $18.6 billion, an annual growth rate of 5.3 percent. This was the third consecutive month of better than five...
    More from: Charles Gasparino BlackRock’s ‘No. 1’ goal in woke investing: Huge ESG-funds haul ‘Meme’ mob behind Gamestop frenzy might still imperil soaring AMC How Stank steered AT&T into multibillion-dollar sinking disaster $40 billion Robinhood app tries to vault SEC hurdles Slow Joe Biden puts SEC in turmoil with fed agency chairs unfilled Part...
    Nearly two per cent of the 1,000 highest grossing apps on Apple's App Store are scams, new analysis has found. The offending apps have conned customers out of an estimated $48 million (£34 million), according to market research firm Appfigures, and Apple profits from them because it takes up to 30 per cent commission on...
    Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021.David Paul Morris | Bloomberg | Getty Images Instead of jumping to a conclusion about the post-Covid consumer, revert back to one that psychology studies educated us on long before the pandemic. Individuals don't change habits easily, and...
    New York (CNN Business)People are paying higher prices for everything from diapers to gas. One discount chain says that's great for its business.Five Below (FIVE), the toy, game, room decoration and tech accessory store that sells most of its stuff for -- as its name suggests -- under $5, expects budget-conscious consumers will increasingly turn...
    Ice cream maker Tillamook said in a recent blog post that a sharp rise in the price of berries and other ingredients left it no choice: It would "reduce the carton size from 56oz to 48oz and keep the price the same" rather than shock shoppers with a sharp price hike.  Welcome to the post-pandemic...
    SACRAMENTO (CBS SF) — The California State Senate passed a bill Thursday that reforms the state’s regulations on recycling bottles, holding beverage distributors responsible for upping the number of containers being recycled. The bill, SB 38, undoes the protocols instituted by the state’s “Bottle Bill” and transitions California to a stewardship system molded by the...
    What are the origins of Pride Month? And who should we thank for the LGBTQ celebration? Florida childrens home pauses emergency shelter program after youths are charged with attempted murder of deputies More than 50 years after the birth of the modern gay rights movement, LGBTQ+ Americans still face struggles in gaining acceptance. And...
    Thomas Trutschel | Photothek | Getty Images Inflation is here and higher interest rates may follow — much to the delight of savers who've endured rock-bottom returns on cash and other safe investments since the Great Recession. But inflation is a double-edged sword. Higher prices that consumers pay for goods and services may completely gobble...
    After statewide power outages in February that lasted weeks in some areas, leaving millions of Texans in the cold and dark without water, the state Legislature was tasked with reforming the state’s electric grid. Unlike 47 other states that operate on either the East or West Coast electric grids, Texas operates on its own grid....
    Attendees walk past a Facebook logo during Facebook's F8 developers conference in San Jose, California, April 30, 2019.Stephen Lam | Reuters Facebook on Wednesday announced a number of new developer tools, including several messaging features for businesses, at its virtual F8 software developer conference.  The event marked Facebook's first software developer conference since 2019, as...
    VIDEO3:3003:30JBS: Majority of North American plants will be operational Wednesday after cyberattackSquawk Box Cybersecurity is a topic that often fails to get the attention of the public until a headline hits about a company that has their personal information, including credit card and Social Security numbers, being the victim of a hack. But over the...
    In this article AAPLTim Cook on stage at Apple's September 10, 2019 event.Source: AppleApple said Wednesday that its App Store facilitated an estimated $643 billion in billings and sales during 2020, according to a new study commissioned by the company. The figure marks a 24% increase from last year, as the Covid-19 pandemic pushed many...
    Drew Angerer/Getty Anheuser-Busch is pledging to give away free booze to vaccinated US adults if the nation can reach the goal of 70% vaccinated by July 4th set by President Joe Biden in early May. That’s right — the country is ready for a massive party to celebrate the demise of Covid-19 and Anheuser-Busch is...
    London (CNN Business)Price are rising quickly across huge swaths of the developed world, with inflation in countries that belong to the Organization for Economic Cooperation and Development surging in April to the highest rate since 2008.Energy price hikes boosted average annual inflation across OECD countries to 3.3% in April, compared with 2.4% in March, the...
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    More On: lawsuits Healthcare workers sue hospital over COVID-19 vaccine mandates NYC parents seek answers after son’s Navy suicide Manhattan man asks judge to force reopening of closed senior centers Chicago mayor sued for allegedly denying white reporter interview There’s no accounting for taste when it comes to these ads, according to two new...
    Sen. Chris Coons Staffing a presidential administration involves a few very high-profile hires and many, many more that have a real impact despite not drawing much attention. One of those is the director of the U.S. Patent and Trademark Office, and David Dayen recently made the case for why that role matters, and why we...
    Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020.Smith Collection/Gado | Archive Photos | Getty Images This summer's hottest cocktail comes in a can. Between 2019 and 2020, the premixed cocktail category grew by 50% in the United States, according to industry tracker IWSR. The...
    U.S. consumers expect much higher prices over the next year and they expect elevated inflationary pressure to persist for years, data released Friday showed. The University of Michigan’s survey of consumers in May indicated that consumers expect a 4.6 percent rise in prices over the next 12-months, the highest level of inflation expectations since April...
    Since vaccines against the coronavirus first became available last fall, mass vaccinations have been held up as the one and only way to get consumers to bring back the consumer economy. But early financial data shows vaccinated Americans are not spending money at pre-pandemic levels. Instead, the consumers who've spent the most money this...
    Proponents say a bill adopted by Missouri lawmakers and waiting Gov. Mike Parson’s signature will “save ratepayers money.” Opponents disagree, saying it's bad for ratepayers and jobs. Under Senate Bill 44, the Missouri Water and Infrastructure Act, sponsored by Sen. Bill White, R-Joplin, utilities serving more than 8,000 water/sewer customers can request a slight...
    I don’t have any advice this week. Rather, I clearly need some. I’ve ordered flowers twice in the past few months from florists and twice been disappointed. Am I doing something wrong, or is the florist to blame? I needed to know. So I called three floral industry insiders to get the dirt: Juan Palacio owns...
    Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders.Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers' stimulus-fueled spending spree included consumer electronics. Shares of the company nearly 3%...
    LOS ANGELES (CBSLA) – Consumers in California pay five or ten cent deposits for almost every beverage in a bottle or can, but new reports show many are not getting their money back at recycling centers. The centers, also known as redemption centers, are quickly disappearing. Consumer Watchdog, a nonprofit, claims not a single redemption center...
    CHICAGO (CBS) — Mayor Lori Lightfoot is introducing a bevy of proposals geared toward helping Chicago restaurants and other businesses as they seek to recover from the COVID-19 pandemic, as well as new protections for consumers and workers. The package of ordinances the mayor dubbed the Chi Biz Strong Initiative includes proposals for cutting down...
    Consumer confidence notched down slightly in May as improved assessments of current conditions were swamped by a negative turn in expectations for later this year. The Conference Board reported Tuesday that its consumer confidence index fell to 117.2 from April’s 117.5 reading, the highest level since February of 2020, just before the pandemic began. The...
    Washington, D.C., filed a lawsuit against Amazon Tuesday alleging the massive online retailer regularly engages in illegal, anticompetitive price control practices. Amazon prevents third-party sellers who use its online marketplace from selling their products at a lower price on other platforms, Democratic Washington D.C. Attorney General Karl Racine alleged in the lawsuit. Sellers must also...
    Disney fans have lost their next-to-last shopping stop for all things Mickey in the Hudson Valley with the closure of the county's one remaining Disney Store. The store located in Rockland County at the Palisades Center in West Nyack has closed permanently, according to the Shop Disney Store locator, shopdisney.com/store-locator-and-special-events. Disney's other Hudson Valley store,...
    OAKLAND (AP) — The judge who will decide a case challenging Apple’s stranglehold on its iPhone app store indicated on Monday she would like to promote more competition but without dismantling a commission system that reaps billions of dollars for the technology powerhouse. U.S. District Judge Yvonne Gonzalez Rogers isn’t likely to issue a decision...