Champagne shipments hit by gloomy consumer mood in 2024, producers say
PARIS—French Champagne shipments fell by nearly 10% last year, with economic and political uncertainty hitting consumer appetite for sparkling wine in major markets such as France and the United States, according to a producer association. decreased. Growers in July called for a reduced number of grapes to be harvested this year after grape sales for […]
The eight coolest gadgets from the Consumer Electronics Show
The Consumer Electronics Show is over again this year, and CES 2025 did not disappoint. From futuristic electric cars to smart lawn mowers and vacuums, from the latest in earphones to bendable gaming monitors, there was something for everyone at this show. Honda O series CES isn't primarily a car show; honda Indeed, it surprised […]
Bank of America Says 61% of Consumer Sales Are Made Through Digital Channels – PYMNTS.com
bank of america's 4th quarter income, Released on Thursday (January 16) showed that the momentum of the digital shift continues, resulting in 61% of consumer sales being made through digital channels, up from 49% a year ago. Additionally, 78% of all banked households are defined as “digitally active,” up from 75% a year ago. The […]
Consumer bureau sues Capital One for 'cheating' customers on savings account interest
The government's consumer watchdog group sued Capital One on Tuesday, accusing it of “defrauding” customers of billions of dollars in interest. Consumer Financial Protection Bureau (CFPB) Accusing big banks Despite promising the “highest'' and “highest'' interest rates in the country, interest rates on 360 savings accounts will be frozen at a low level due to […]
Inflation Expectations Surge, Pulling Down Consumer Sentiment, Casting Doubt on Fed Policy
U.S. consumers' inflation expectations soared in January, according to a new study from the University of Michigan, calling into question the Federal Reserve's decision to cut interest rates three times late last year. The survey results suggest that although consumers feel their personal financial situation has improved slightly, they are increasingly concerned about rising prices […]
Experian accused of failing to properly investigate consumer disputes
The top consumer finance watchdog has accused credit rating agency Experian of failing to properly investigate consumer disputes. in Tuesday's announcementthe Consumer Financial Protection Bureau (CFPB) announced that it has filed charges against the company for unlawfully failing to investigate consumer issues. “The CFPB found that Experian did not take sufficient steps to capture, process, […]
AI will be the major focus at Las Vegas Consumer Electronics Show
Consumer Technology Association Vice President Gary Shapiro reveals key themes for upcoming events on The Claman Countdown. The annual Consumer Electronics Show (CES) opened in Las Vegas on Tuesday, and organizers say artificial intelligence (AI) will be a major theme at the event, which runs through Friday. Consumer Technology Association (CTA) CEO Gary Shapiro said […]
Consumer Alert: What New Yorkers need to know about tax changes in 2025 – News10NBC
ROCHESTER, N.Y. — Significant tax changes may be on the horizon, causing concern among taxpayers and accountants alike. News10NBC's Deanna Dewberry spoke with a prominent local CPA to highlight the importance of this year's Congressional decisions regarding the Tax Cuts and Jobs Act. The Tax Cuts and Jobs Act, which went into effect on January […]
Credit card debt set to hit record levels as consumer holiday spending rises – CNBC
A woman shops at a Target store in Chicago on November 26, 2024. Kamil Krzaczynski | AFP | Getty Images Heading into the holiday season, many Americans were already saddled with record credit card debt. Still, consumer spending is expected to reach new highs this season. The National Retail Federation said last week that spending […]
Consumer backlash erupts after backpack in video from UnitedHealthcare CEO shooting is identified by its manufacturer – CNN
CNN — The CEO of a company that makes luxury backpacks discovered one of his bags was seen on surveillance video of the shooting death of UnitedHealthcare CEO Brian Thompson. , said he and his employees have received threats after reports that he contacted the police tip line. Peter Deling, founder and CEO of San […]