Trump administration lawyers deny plans to dismantle consumer watchdog
The Trump administration on Monday denied allegations that it aimed to dismantle the Consumer Financial Protection Bureau (CFPB). Government lawyers said consumer watchdogs will continue to exist as employee unions and other groups attempt to stop what they described as “wholesale demolition” of the agency. “A surprising thing is that a group of CFPB employees […]
Consumer confidence slumped with biggest monthly drop in nearly 4 years
“Barron's Roundtable” panelists Jacob Sonenshine, Andrew Bary and Teresa Rivas will analyze three topics investors should know this week. U.S. consumer confidence plummeted sharply in February than expected, according to a report released Tuesday. The conference committee released its consumer confidence index on Tuesday, falling to 98.3 in February. This is the lowest level since […]
America’s wealthiest households driving nearly half of consumer spending
Macrovisor co-founder Ayesha Tariq analyzes the state of liquidity in US households by making money. America's wealthiest households account for an increase in consumer spending as a market-driven profit for net worth fuel. A report written by Moody Chief Economist Mark Zandy found that the top 10% of US households account for 49.7% of consumer […]
British Gas has worst customer service, says consumer group Which? | Centrica
UK gas has resurfaced as the worst energy supplier of customer service as the UK's worst energy supplier after sliding satisfactorily over the past six months, figures from a major consumer group reveal. Which? A report shared with the Guardian found that since last analysis of the energy sector last year, the services provided by […]
US consumer sentiment plunges on worries over prices from inflation and tariffs
Kraman Countdown panelists Kenny Polkari and Jose Torres unleashed the stress of consumers. U.S. consumer sentiment fell more than expected for more than a year in February, while expectations about inflation rose amid uncertainty surrounding President Donald Trump's tariff plans. The University of Michigan Consumer Survey released its Consumer Sentiment Index on Friday, which fell […]
Consumer confidence dips in Trump's first month as tariff threats drive inflation fears
According to the University of Michigan, consumer attitudes towards the economy immersed during President Trump's first month in office. Monthly Consumer Survey Released on Friday. Consumer sentiment fell nearly 10%, down from 71.7 in January to 64.7 in February. According to Monthly Research Director Joanne HSU, DIP appears to be heavily driven by consumer concerns […]
Consumer Prices Up 3% In January, Crushing Chances of Rate Cuts
In January, US inflation rose. The Labor Ministry said Wednesday that the Consumer Price Index (CPI) rose 0.5% from the previous month, up more than expected. Compared to a year ago, consumer prices have risen by 3%. Economists had expected the monthly inflation pace to 0.3% after prices rose 0.4% in December. The median forecast […]
Leaders exit as Trump admin moves to overhaul ‘woke & weaponized’ consumer protection agency
Two senior leaders from the Consumer Financial Protection Bureau announced them Resignation This week, President Donald Trump's administration is aiming to restructure clearly over-staffed and funded institutions. CFPB supervisory director Lorelei Salas and agency executive director Eric Halperin issued individual memos on Tuesday, each following Mark Paoletta, a CFPB lawyer and White House office in […]
Stock futures are little changed as traders brace for January consumer inflation report: Live updates – CNBC
Orange juice futures expand defeat The future of orange juice (Mar) was low again on Tuesday, marking eight consecutive negative sessions. The OJ reached its lowest level since May 9, 2024, reaching a low of 385.50 cents per pound. Given the continued supply constraints in Florida and Brazil, market observers are surprised by the recent […]
Two top consumer bureau officials resign after Trump admin halts work
Two senior officials from the Consumer Financial Protection Bureau (CFPB) resigned on Tuesday. Both Lorelei Salas, assistant director of supervisory policy, and Eric Halperin, assistant director of the Executive Office, sent emails to the team announcing their decision to step down. “The bureau has been instructed to stop. I don't think it's appropriate or legal […]